MXIM stock: buy or sell
Mar 2nd, 2021
MXIM stock brief
- Maxim Integrated Products stock climbed 2.16% to close at $95.18 on the stock market on Monday.
Should I buy Maxim Integrated Products stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $MXIM stock a buy?
In the current situation of Maxim Integrated Products there is just one buy setup eligible:
ATH buy setup
One of the most recommended trading strategies is to buy on All-time Highs (ATH) breakouts. The good point of buying at ATHs is that price doesn't have upper resistances, and usually it rises rapidly. However, you must always be aware of a possible bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. Price is now at 3.43% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $98.44. The stop loss would be placed at $88.60
|Buy setup||Buy point||Stop loss||Risk|
|ATH buy setup||$98.44||$88.60||10.00%|
Should I sell Maxim Integrated Products stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. As when we have to buy shares, determining when is the best time to sell is not a haphazard decision, and we must adhere our own trading strategy. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for selling short $MXIM stock
A guiding principle is that you should never keep an investment that results in higher than expected losses upon purchase. When to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Maxim Integrated Products stock?
In the current situation of Maxim Integrated Products there is not any eligible sell setup, so Maxim Integrated Products stock holders with operations in green can keep their positions
Maxim Integrated Products ratings
In the last month we couldn't find any rating for Maxim Integrated Products
Maxim Integrated Products stock analysis
Supports and resistances
The current resistances are:
The current supports are:
Since the price surpassed the upper band on February 19, the price sliced by 3.18%
Relative strength index
The RSI dropped below the overbought level of 70 last January after just crossing to the overbough zone for 1 day (weak signal). The RSI value on Monday was 54.31. Since that level was lost, Maxim Integrated Products price slightly changed a 0.89%
Maxim Integrated Products stock price history
Maxim Integrated Products went public priced at an adjusted price1 of $0.00 on Feb 1988. Since then, MXIM stock has risen by -, with an average of 0.00% per year. An investment of thousand dollars on Feb 1988 would worth $inf nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Maxim Integrated Products stock
Nobody can predict how much a share will be priced in the future. Banks and financial organisations post their analysis predicting how a particular stock will performance in the future.
The following table shows the price forecasts released by brokerage institutions in the last month. Again, these forecasts are not direct recommendations for small investors and must not be trusted blindly.
In the previous month we couldn't find any price target posted for Maxim Integrated Products stock.
Earnings and financials
Last January, Maxim Integrated Products, Inc. ($MXIM) reported EPS for that slightly beat analysts' expectations. Quarterly EPS was $0.73 per share instead of $0.68. This quarterly report means an earnings surprise of 7.35%. Sales resulted of $628.3 million versus $604.5 million estimated by market consensus.In comparison, the EPS for the same quarter last year was $0.56, so current EPS means a increase of 30.36%. Revenue exploded a 14.01% on an annualized basis in the , from $5.5B to $6.3B last quarter.
MXIM ($MXIM) will host the quarterly earnings call late next April. Expected for this quarter is $0.74, compared to $0.73 that was reported for Q2.
Maxim Integrated Products performance
|Maxim Integrated Products ($MXIM)||7.80%||16.20%||36.20%|
Disclaimer:The comments written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the particular conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for learning reasons only
|Monday, March 1st, 2021|
|Day range||$92.67 - $95.29|
|Average true range||$3.91|
|50d mov avg||$91.52|
|100d mov avg||$84.64|
|200d mov avg||$74.42|
|Earnings date||April 27th, 2021|