Invitae stock: buy or sell

NVTA stock price: $28.14 3.84% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

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Invitae stock brief

  • Invitae stock skyrocketed 3.84% to close at $28.14 on the stock market on Wednesday, and broke a streak of 4 sessions in red.
  • Invitae is presenting its earnings report next Tuesday
  • Invitae Corporation, a medical genetics company, integrates genetic information into healthcare decision-making by clinicians and patients in the United States, Canada, and internationally.

Should I buy Invitae 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 $NVTA stock a buy?

Currently, Invitae stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $NVTA will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Invitae stock?

When you own a stock with some profit, it's really hard to decide the good moment to sell and get your profits. Trading strategies prevent us from making impulsive decisions based on our feelings or the noise that surrounds the market. Our trading system selects very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies should not be used for selling short Invitae stock

A guiding principle is that you should never mantain an investment that generates greater losses than those expected by the time of the buy. The timing to sell your stock always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Invitae stock?

In the current situation of Invitae there is not any eligible sell setup, so Invitae stock holders with operations in green can keep their positions

Invitae ratings

We don't have any rating published in the previous month for Invitae

Invitae stock analysis

SMAs overview

NVTA stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $28.75 (2.17% above)
  • R2: $29.20 (3.77% above)
  • R3: $30.79 (9.42% above)
  • The current support levels are:

  • S1: $28.00 (-0.50% below)
  • S2: $27.47 (-2.38% below)
  • S3: $26.77 (-4.87% below)
  • Bollinger bands

    Since the price broke down the lower band on July 16, the price has bounced off by 0.72%

    NVTA stock Bollinger Bands chart

    Relative strength index

    When the fluctuates for so long below 70 and above 30, without signaling moments of overvaluation and undervaluation, the indicator turns out to be of little use, and we find ourselves in one of these situations.

    NVTA stock RSI chart

    Invitae stock price history

    Invitae IPO was on Feb 12th, 2015 at $17.50 per share1. Since then, NVTA stock surged by 60.80%, with an average of 10.13% per year. If you had invested $1,000USD in Invitae stock on the IPO, it would have a value of $1,608.00 today.

    1: Adjusted price after possible price splits or reverse-splits

    NVTA stock price history chart

    Price target for Invitae stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.

    Along with buy or sell recommendations, brokerage institutions publish their price estimates based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and usually. Again, these forecasts are not direct recommendations for individual traders and must not be followed blindly.

    We don't have any target price published in the last 30 days for Invitae.

    Earnings and financials

    Invitae ($NVTA) is hosting the earnings call next Tuesday. Wall Street analysts forecast of $-0.65, that is a 3.17% lower than previous quarter.

    Invitae Corporation ($NVTA) published quarterly earnings of $-0.63 per share last May, slightly missing the Market consensus estimate of $-0.59 per share. This quarterly report means an earnings surprise of -6.78%. On the contrary, reported sales were $103.6 million, aligned with analysts' estimates.

    This compares to Earnings of $-0.80 per share same quarter last year, so current EPS means a gain of 21.25%. Looking at turnover, figures exploded a 61.28% compared to $642.5M same quarter last year.

    Invitae performance

    NVTA performance compared
    Company1m3m6m
    Invitae ($NVTA) -18.20% -23.50% -42.10%

    Important:
    The opinions published in this article are personal and not recommendations for you to buy or sell stocks. The author of this document does not know the individual conditions of the reader, his or her 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 Thoughts are expressed for informational motives only

    Invitae summary

    Wednesday, July 28th, 2021
    Open$27.4
    Close$28.14
    Day range$27.32 - $28.61
    Previous close$27.1
    Session gain3.84%
    Average true range$1.74
    50d mov avg$30.30
    100d mov avg$33.24
    200d mov avg$40.62
    Earnings dateAugust 3rd, 2021

    Frequently asked questions

    What is Invitae stock symbol?

    Invitae Corporation is a public company trading in the US stock market with the NVTA symbol

    Is Invitae stock a buy or sell?

    Invitae had no ratings in the last 30 days Read the article to get additional tips on trading NVTA stock.

    Will NVTA go up?

    There were no forecasts published by analysts in the last month for Invitae.