RH stock: buy or sell

RH stock price: $680.72 4.18% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

1

RH stock brief

  • RH closed on Monday at $680.72 after exploding a 4.18% and broke a streak of 6 sessions in red.
  • On June 9, RH presented its Q1 earnings report
  • RH, together with its subsidiaries, operates as a retailer in the home furnishings.

Should I buy RH 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 $RH stock a buy?

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

Should I sell RH stock?

"To sell or not to sell", if you are holding RH shares?. Trading strategies give us the ability us to avoid impetuous decisions based on our personal moods or the buzz surrounding the market. We like very simple strategies to guide us on when is the best moment to sell a stock. Be aware that these strategies should not be used for shorting $RH stock

As a golden rule, you should not hold an investment that produces losses greater than those expected upon the buy. When to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell RH stock?

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

RH ratings

In the last month, 9 ratings were published for RH. General sentiment is bullish, with 7 out of 9 posting optimistic outlooks

RH analysts' ratings - Last 30 days
Brokerage firmRating
May 25th, 2021
Wells Fargo & Company Buy
May 27th, 2021
Wedbush Buy
Jun 7th, 2021
Telsey Advisory Group Buy
Jun 10th, 2021
Citigroup Strong buy
Gordon Haskett NeutralNeutral
JPMorgan Chase & Co. Buy
Robert W. Baird Neutral
Wedbush Buy
Wells Fargo & Company Buy

RH stock analysis

SMAs overview

RH stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $719.77 (5.74% above)
  • R2: $733.05 (7.69% above)
  • The current support levels are:

  • S1: $597.29 (-12.26% below)
  • S2: $524.22 (-22.99% below)
  • S3: $524.02 (-23.02% below)
  • Bollinger bands

    Since the price surpassed the upper band on June 11, the price dropped by 5.43%. The price is trading near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    RH stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last April after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Monday was 58.55. Since then, RH stock collapsed a 3.51%

    RH stock RSI chart

    RH stock price history

    RH went public on Nov 2nd, 2012 priced at $32.05 per share1. Since then, RH stock surged by 2,023.93%, with an average of 252.99% per year. If you had invested $1,000USD in RH stock on Nov 2012, it would have a value of $21,239.31 today.

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

    RH stock price history chart

    Price target for RH stock

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

    Along with buy or sell recommendations, financial institutions release 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 many times. If you are a small investor you should not trade based on these forecasts.

    The average price target for RH stock calculated from the table below is $717.78. RH closed at $680.72 on Monday, so the target price is forecasting an increase by 5.44%.

    RH stock price predictions
    Brokerage firmPrice target
    May 25th, 2021
    Wells Fargo & Company $575.00$700.00
    May 27th, 2021
    Wedbush $550.00$700.00
    Jun 7th, 2021
    Telsey Advisory Group $600.00$675.00
    Jun 10th, 2021
    Citigroup $634.00$770.00
    Gordon Haskett $550.00$750.00
    JPMorgan Chase & Co. $750.00$770.00
    Robert W. Baird $510.00$650.00
    Wedbush $700.00$720.00
    Wells Fargo & Company $700.00$725.00

    Earnings and financials

    On June 9, RH ($RH) had the quarterly investors event and released the report. RH posted earnings of $4.89 per share compared to analysts estimate that was $4.07.

    In comparing, the EPS for the same quarter last year was $1.27, so posted EPS is a improvement of 285.04%. Revenue exploded a 78.26% on an annualized basis in the , from $4.8B to $8.6B last quarter.

    RH ($RH) will host the Q2 earnings call next September. Estimated for this quarter is $6.43, compared to $4.89 that was reported for Q1.

    RH performance

    RH performance compared
    Company1m3m6m
    RH ($RH) 10.20% 30.90% 52.00%

    Important:
    The thoughts expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have any knowledge of the specific situations 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 Comments are published for general educational reasons only

    RH summary

    Monday, June 21st, 2021
    Open$657.81
    Close$680.72
    Day range$654.14 - $682.53
    Previous close$653.42
    Session gain4.18%
    Average true range$37.75
    50d mov avg$649.92
    100d mov avg$577.89
    200d mov avg$496.19
    Earnings dateSeptember 7th, 2021

    Frequently asked questions

    What is RH stock symbol?

    RH is a public company trading in the US stock market with the RH symbol

    Is RH stock a buy or sell?

    RH received 9 ratings in the last 30 days: 7 bullish, 0 bearish and 2 neutral.

    Will RH go up?

    RH had different price predictions published by market analysts in the last 30 days setting the target price to $717.78. That is a 5.44% than the last price ($680.72).