Overstock.com stock: buy or sell

OSTK stock price: $75.35 -3.58% At close on Jul 28th, 2021

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

OSTK stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $81.58 (8.27% above)
  • R2: $82.36 (9.30% above)
  • R3: $87.76 (16.47% above)
  • The current support levels are:

  • S1: $71.60 (-4.98% below)
  • S2: $69.23 (-8.12% below)
  • S3: $68.90 (-8.56% below)
  • 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

    OSTK stock Bollinger Bands chart

    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.

    OSTK stock RSI chart

    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

    OSTK stock price history chart

    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

    OSTK performance compared
    Company1m3m6m
    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 only

    Overstock.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 dateOctober 27th, 2021

    Frequently asked questions

    What is Overstock.com stock symbol?

    Overstock.com, Inc. is a public company trading in the US stock market with the OSTK symbol

    Is Overstock.com stock a buy or sell?

    Overstock.com had no ratings in the last 4 weeks Read the article to get additional tips on trading OSTK stock.

    Will OSTK go up?

    There were no price targets issued by market analysts in the last 4 weeks for Overstock.com.