Square stock: buy or sell
Updated on:
Jul 29th, 2021
2
Square stock brief
- Square closed on Wednesday at $258.61 after exploding a 2.73%.
- Square is presenting its earnings report next Tuesday
- The stock is configuring an uptrend pattern since last May, when it bottomed at $192.21. This rally marked a 34.55% gain
- Square, Inc., together with its subsidiaries, creates tools that enables sellers to accept card payments; also provide reporting and analytics, and next-day settlement.
Should I buy Square 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 $SQ stock a buy?
In the current situation of Square there is not any eligible buy setup. This doesn't mean $SQ will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Square stock?
When is it time to sell Square stock?. Trading strategies give us the ability us to avoid impetuous decisions based on our feelings or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very simple to follow and are only valid for selling shares in your porfolio, not for shorting $SQ stock
As a rule of thumb, you should not hold an open trade that shows a losses greater than those expected by the time of the buy. The moment to sell shares always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Square stock?
Currently, Square stock doesn't match any of our preferred sell setups, so if you own Square shares and your operation is in profit probably is not time to sell now
Square ratings
We don't have any rating posted in the last month for Square
Square stock analysis
Since last May, Square has been printing an uptrend that so far marked an amazing 34.55%. The price line shows rising tops and bottoms, and along the way gave very few buy points for those who wanted to trade in. Latest low was on July 19, when price bounced at $225.28. Currently, it moves in a consolidation between its last top ($267.77) and its last bottom ($225.28)
SMAs overview
Supports and resistances
The current resistance levels are:
The current support levels are:
Bollinger bands
Since the price surpassed the upper band last Monday, the price corrected downwards by 2.68%. The price is moving very close 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
Relative strength index
When the fluctuates for so long below 70 and above 30, without any indication of overvaluation and undervaluation, the indicator turns out to be of little use, and we currently are in one of these cases.
Square stock price history
Square IPO was on Nov 19th, 2015 at $11.20 per share1. Since then, SQ stock surged by 2,209.02%, with an average of 441.80% per year. If you had invested $1,000USD in Square stock on Nov 2015, it would be valued $23,090.18 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Square stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price predictions posted by analysts in the last 30 days. Again, these estimates are not direct recommendations for individual investors and must not be followed blindly.
We don't have any target price posted in the last month for Square.
Earnings and financials
Square ($SQ) is hosting the Q2 earnings call next Tuesday. Wall Street analysts predict of $0.31, that is a 24.39% lower than Q1.
Last May, Square, Inc. ($SQ) reported adjusted EPS for that strongly beat Market expectations. Quarterly EPS was $0.41 per share versus the estimated $0.16. This quarterly report means an earnings surprise of 156.25%. Forecasted turnover for Q1 was $3.3 billion but Square highly enhanced by 51.86%, posting $5.1 billion.
Same quarter one year ago, reported EPS was $-0.02, so recently posted EPS means an improvement of 2,150.00%. Revenue skyrocketed a 266.17% on an annualized basis in the , from $13.8B to $50.6B last quarter.Square performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Square ($SQ) | 4.30% | 0.50% | 23.90% |
Please read:
The thoughts published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the particular positions of the reader, his or her own 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 Opinions are expressed for educative motives onlySquare summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $254.03 |
| Close | $258.61 |
| Day range | $250.77 - $259.87 |
| Previous close | $251.73 |
| Session gain | 2.73% |
| Average true range | $11.75 |
| 50d mov avg | $231.83 |
| 100d mov avg | $233.29 |
| 200d mov avg | $223.84 |
| Earnings date | August 3rd, 2021 |