Overstock.com stock: buy or sell
Updated on:
Jan 27th, 2021
1
Overstock.com stock brief
- Overstock.com closed on Tuesday at $86.44 after skyrocketing a 28.25%.
- On Tuesday, it broke out above $71.60, a resistance not crossed since last November.
- The price is currently over the upper Bollinger band, which is usually an indicator of a near-term correction
- On Tuesday broke out above its latest top at $69.23
- Overstock.com, Inc. operates as an online retailer in the United States and internationally. It operates through Retail, tZERO, and Medici Ventures segments.
Should I buy Overstock.com stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?
In the current situation of Overstock.com there is not any eligible buy setup. This doesn't mean $OSTK will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Overstock.com stock?
When you are a novel trader and you own stock shares with some profit, it's really hard to decide the good moment to sell and get your benefits. Similarly to when we have to buy shares, determining when is the best time to sell is not a whimsical decision, and we must follow our own trading style. We like very simple setups to guide us on when is the best time to sell our shares. Be aware that these setups should not be used for selling short $OSTK stock
A guiding principle is that you must never keep an open trade that generates greater losses than those expected upon the buy. The moment to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Overstock.com stock?
Currently, Overstock.com stock doesn't match any of our preferred sell setups, so if you own Overstock.com shares and your operation is in profit probably is not time to sell now
Overstock.com ratings
In the previous 30 days we couldn't find any rating for Overstock.com
Overstock.com stock analysis
On Tuesday, the price broke out above the previous top at $69.23 on the downtrend started in August 2020. Since then, the price action resulted in a 24.86% gain.
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Price readings above or below the Bollinger Bands mean that the price has followed a strong trend that has led to extreme highs or lows. For this case, the price is beyond the upper band, meaning a near-term corrective movement (at least) until it is under the band
Relative strength index
Climbed over the overbought line Tuesday, marking a value of 73.31. Contrary to what many investors may think, the fact that the value is in the overvalued zone does not in any way imply a sell signal, as shares can be in the overbought zone for many weeks and continue to climb
Overstock.com stock price history
Overstock.com IPO was on May 30th, 2002 priced at $13.69 per share1. Since then, OSTK stock surged by 531.41%, with an average of 29.52% per year. If you had invested thousand dollars in Overstock.com stock at that time, it would have a value of $6,314.10 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Overstock.com stock
Nobody can predict how much a stock will be priced in the future. Banks and financial organisations issue their analysis forecasting how a particular stock will performance in the future.
Along with buy or sell recommendations, financial institutions post their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial data by the company, and usually. If you are a small trader you should not buy or sell based on these predictions.
In the previous month we couldn't find any price target published for Overstock.com stock.
Earnings and financials
Overstock.com, Inc. ($OSTK) posted earnings of $0.50 per share last October, strongly enhancing the Wall St consensus estimate of $-0.23 per share. This quarterly report means an earnings surprise of 317.39%. Turnover resulted of $731.7 million versus $579.9 million predicted by analysts.
This compares to Earnings of $-0.87 per share same quarter last year, so reported EPS means an improvement of 157.47%. Sales exploded a 110.79% on an annualized basis in the , from $3.5B to $7.3B last quarter.Overstock.com ($OSTK) will host the quarterly earnings call next March. Market forecasts of $-0.01, compared to Q3 that made $0.50.
Overstock.com performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Overstock.com ($OSTK) | 47.40% | 21.60% | 49.00% |
Please read:
The viewpoints published in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not know the specific situations of the reader, his or her own financial statements 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 provided for education purposes onlyOverstock.com summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $76 |
| Close | $86.44 |
| Day range | $73.44 - $90.53 |
| Previous close | $67.4 |
| Session gain | 28.25% |
| Average true range | $6.84 |
| 50d mov avg | $59.53 |
| 100d mov avg | $65.77 |
| 200d mov avg | $54.46 |
| Earnings date | March 12th, 2021 |