PPG Industries stock: buy or sell

PPG stock price: $173.57 2.70% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

2

PPG Industries stock brief

  • After marking all-time highs on Wednesday, PPG Industries closed at $173.57 skyrocketing a 2.70%
  • PPG Industries gained a 12.73% in 5 consecutive sessions in positive
  • The price is currently above the upper Bollinger band, which is usually an indicator of a near-term correction
  • On April 15, it broke out above $153.20, a resistance not crossed since last January.
  • On April 15, PPG Industries released its Q1 financial report
  • Barclays, BMO Capital Markets and Royal Bank of Canada posted buy ratings for PPG Industries on Tuesday, with an average target of $187.00
  • PPG Industries, Inc. manufactures and distributes paints, coatings, and specialty materials worldwide.

Should I buy PPG Industries 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 $PPG stock a buy?

In the current situation of PPG Industries there is not any eligible buy setup. This doesn't mean $PPG will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell PPG Industries stock?

When you are a novel trader and you own a stock with some profit, it's really difficult to decide the correct moment to sell and get your benefits. Trading strategies let us to avoid impulsive decisions based on our personal feelings or the buzz that surrounds the market. When selling, as well as buying, our setups are very easy to use and are only valid for selling shares in your porfolio, not for selling short PPG Industries stock

A golden rule is that you should not keep an operation that leads to greater losses than those expected upon the buy. When to sell shares always has to be determined by the stop-loss (automatic or manual)

Is it time to sell PPG Industries stock?

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

PPG Industries ratings

In the last month, 6 analyst ratings were published for PPG Industries. General sentiment is bullish, with 5 out of 6 posting positive forecasts

PPG Industries analysts' ratings - Last 30 days
Brokerage firmRating
Apr 7th, 2021
Wells Fargo & Company Buy
Apr 13th, 2021
Wells Fargo & Company Buy
Apr 19th, 2021
Deutsche Bank Aktiengesellschaft Strong buy
Apr 20th, 2021
Barclays
BMO Capital Markets Buy
Royal Bank of Canada BuyBuy

PPG Industries stock analysis

Since the price bottomed at $132.10 last February, the stock gained by 31.39%.

$PPG at Highs

On Wednesday, PPG Industries reached all-time highs (ATH) again at $173.88

SMAs overview

PPG stock SMAs chart

Supports and resistances

Price is at all-time highs and there are not upper resistances.

The current support levels are:

  • S1: $153.20 (-11.74% below)
  • S2: $149.29 (-13.99% below)
  • S3: $148.75 (-14.30% below)
  • Bollinger bands

    Price readings above or below the Bollinger Bands signal that the price has followed a strong trend that has led to extreme upward or downward values. For this case, the price is above the upper band, meaning a near-term correction (at least) until it is under the band

    PPG stock Bollinger Bands chart

    Relative strength index

    Crossed over the overbought line Wednesday, with a reading of 80.11. The fact that the value is above the level of 70 does not in any way imply a sell point, as stocks can climb during several weeks being in the overvalued zone

    PPG stock RSI chart

    PPG Industries stock price history

    PPG Industries went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, PPG stock surged by -, with an average of 0.00% per year. An investment of thousand dollars on Mar 1980 would be valued $inf nowadays.

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

    PPG stock price history chart

    Price target for PPG Industries stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.

    The following table shows the price predictions posted by financial institutions in the last 30 days. Again, these predictions are not direct recommendations for individual investors and should not be followed blindly.

    There are 6 price forecasts issued for PPG Industries that average $182.83. PPG Industries closed at $173.57 on Wednesday, that is a 5.06% than the predicted price.

    PPG Industries stock price predictions
    Brokerage firmPrice target
    Apr 7th, 2021
    Wells Fargo & Company $165.00$173.00
    Apr 13th, 2021
    Wells Fargo & Company $165.00$173.00
    Apr 19th, 2021
    Deutsche Bank Aktiengesellschaft $160.00$190.00
    Apr 20th, 2021
    Barclays $155.00$188.00
    BMO Capital Markets $185.00$193.00
    Royal Bank of Canada $162.00$180.00

    Earnings and financials

    On April 15, PPG Industries ($PPG) had the investors event and released the report. PPG Industries presented earnings of $1.88 per share on revenue of $3.9 billion. The analysts estimate was $1.56 per share on revenue of $3.7 billion.

    Compared to the same quarter last year, EPS was $1.19, so reported EPS is a increase of 57.98%. Sales exploded a 14.92% on an annualized basis in the , from $33.8B to $38.8B last quarter.

    PPG Industries ($PPG) posts quarterly financial report next July. Market forecasts of $2.14, compared to Q1 that made $1.88.

    PPG Industries performance

    PPG performance compared
    Company1m3m6m
    PPG Industries ($PPG) 17.50% 20.10% 29.00%

    Please read:
    The comments written in this article are personal and not recommendations for you to buy or sell stocks. The author of this article does not have an understanding of the individual positions of the reader, his or her finances 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 Thoughts are expressed for learning purposes only

    PPG Industries summary

    Wednesday, April 21st, 2021
    Open$169.92
    Close$173.57
    Day range$169.23 - $173.88
    Previous close$169
    Session gain2.70%
    Average true range$6.08
    50d mov avg$146.19
    100d mov avg$144.94
    200d mov avg$134.11
    Earnings dateJuly 15th, 2021

    Frequently asked questions

    What is PPG Industries stock symbol?

    PPG Industries, Inc. is a public company trading in the US stock market with the PPG symbol

    Is PPG Industries stock a buy or sell?

    PPG Industries received 6 ratings in the last 30 days: 5 bullish, 0 bearish and 0 neutral.

    Will PPG go up?

    PPG Industries had different price predictions published by market analysts in the last 30 days forecasting the target price to $182.83. That is a 5.34% than the last price ($173.57).