Overstock.com stock: buy or sell
Updated on:
Jul 29th, 2021
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Overstock.com stock brief
- Overstock.com closed on Wednesday at $75.35 (-3.58%) prior to presenting earnings on Thursday
- Overstock.com posted its financial report on Thursday
- The price is currently under the lower Bollinger band, which usually indicates a short-term rebound that you better not try to trade
- The stock is configuring an uptrend pattern since last January, when it bottomed at $46.75. Up to date, shares marked a 61.18% gain since the beginning of this rally
- Overstock.com, Inc. operates as an online retailer in the United States. It operates through Retail, tZERO, and Medici Ventures segments.
Should I buy Overstock.com 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 $OSTK stock a buy?
Currently, Overstock.com stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $OSTK in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Overstock.com stock?
Knowing when to sell a stock is even harder than knowing when to buy it. As when we have to buy shares, determining when is appropiate to sell is not a random decision, and we must use our own trading strategy. Our trading system selects very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups should not be used for shorting $OSTK stock
As a golden rule, you should not mantain a trade that generates greater losses than those expected by the time of the buy. The timing to sell shares must always be dictated by the stop-loss (automatic or manual)
Is it time to sell Overstock.com stock?
In the current situation of Overstock.com there is not any eligible sell setup, so Overstock.com stock holders with operations in profit can keep their positions
Price broke down below last bottom
Overstock.com ratings
In the last month we couldn't find any rating for Overstock.com
Overstock.com stock analysis
Overstock.com stock started an uptrend last January, and grew an amazing 61.18%. During this uptrend, the price provided some entry points on the breakouts. Latest pullback was in mid-June, when price bounced at $82.36. On Tuesday, the uptrend got broken when price sliced down under the $82.36 support
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
When the price moves out of the band (above the upper line or below the lower line) it shows that the price action is maintaining a very strong trend and therefore can correct the trend to the average. At this point, the price is lower the upper band, which should mean a possible near-term bounce (at least) until it is back above the band
Relative strength index
When the stays for so long below 70 and above 30, without showing moments of overvaluation and undervaluation, the indicator is of little use, and we are currently in one of these situations.
Overstock.com stock price history
Overstock.com went public on May 30th, 2002 priced at $13.69 per share1. Since then, OSTK stock surged by 450.40%, with an average of 23.71% per year. An investment of thousand dollars on the IPO would be valued $5,504.02 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Overstock.com stock
Nobody can predict how much a stock will be priced in the future. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts released by financial institutions for the last 30 days. If you are a small investor you shouldn't invest based on these price targets.
We don't have any target price posted in the last 30 days for Overstock.com.
Earnings and financials
Overstock.com ($OSTK) hosted the quarterly earnings call and presented the report on Thursday.
Compared to the same quarter one year ago, EPS was $0.90, so posted EPS is -100.00%. Revenue skyrocketed a 87.69% on an annualized basis in the , from $3.5B to $6.6B last quarter.Overstock.com ($OSTK) is presenting Q3 financial report next October.
Overstock.com performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Overstock.com ($OSTK) | -21.40% | -7.90% | -11.70% |
Disclaimer:
The comments expressed in this article are personal and not recommendations for you to buy or sell stocks. The author of this report does not have an understanding of the individual positions of the reader, his or her own financial statements or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for informational purposes onlyOverstock.com summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $78.89 |
| Close | $75.35 |
| Day range | $74.8 - $79.36 |
| Previous close | $78.15 |
| Session gain | -3.58% |
| Average true range | $7.36 |
| 50d mov avg | $87.43 |
| 100d mov avg | $79.23 |
| 200d mov avg | $74.03 |
| Earnings date | October 27th, 2021 |