Square stock: buy or sell

SQ stock price: $263.08 1.81% At close on Apr 15th, 2021

Updated on:
Apr 16th, 2021

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Square stock brief

  • Square closed on Thursday at $263.08 after growing a 1.81%.
  • Credit Suisse Group published a buy rating for Square on Thursday, targeting $290.00
  • From the chart point view, price is drawing a scaled uptrend since early March with higher tops and higher bottoms. Up to date, shares marked a 37.48% profit since the beginning of this rally
  • 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?

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 $SQ stock a buy?

Currently, Square 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 $SQ in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Square stock?

"To sell or not to sell", if you are holding Square stock?. Trading strategies let us to avoid rash decisions based on our personal moods or the buzz surrounding the market. When selling, as well as buying, detailed setups are very easy to use and are only applicable for selling stocks you already own, not for shorting $SQ stock

A golden rule is that you should not keep an open trade that yields higher than expected losses at the time of purchase. When to sell shares must always 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 hold Square shares and your operation is in profit probably is not time to sell now

Square ratings

In the last 30 days, 8 ratings were published for Square. General sentiment is bullish, with 5 out of 8 posting optimistic outlooks

Square analysts' ratings - Last 30 days
Brokerage firmRating
Mar 18th, 2021
Redburn Partners Strong sell
Mar 31st, 2021
Keefe, Bruyette & Woods
Apr 7th, 2021
Barclays Buy
Oddo Bhf Neutral
Apr 9th, 2021
Credit Suisse Group Buy
Apr 13th, 2021
Barclays Buy
Needham & Company LLC BuyStrong buy
Apr 15th, 2021
Credit Suisse Group Buy

Square stock analysis

Since in early March, Square has been printing an uptrend that by now marked a gorgeous 37.48%. Rising highs and lows can be seen easily on a chart and how price offered very few buy points on the breakouts. Latest pullback was in late March, when price bounced at $202.10. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $278.13 and $202.10

SMAs overview

SQ stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $278.13 (5.72% above)
  • R2: $283.19 (7.64% above)
  • The current supports are:

  • S1: $252.50 (-4.02% below)
  • S2: $246.49 (-6.31% below)
  • S3: $202.10 (-23.18% below)
  • Bollinger bands

    Since the price surpassed the upper band last Tuesday, the price corrected downwards by 4.49%

    SQ stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last February after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Thursday was 61.06. Square price dropped a 4.88% since RSI lost the overbought zone

    SQ stock RSI chart

    Square stock price history

    Square went public on Nov 19th, 2015 at $11.20 per share1. Since then, SQ stock has risen by 2,248.93%, with an average of 449.79% per year. An investment of $1,000USD on the IPO would be valued $23,489.29 today.

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

    SQ stock price history chart

    Price target for Square stock

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

    Along with buy or sell recommendations, financial institutions release their price predictions based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental data by the company, and many times. If you are a small trader you must not invest based on these predictions.

    There are 6 price forecasts published for Square that average $300.00. Square closed at $263.08 on Thursday, that is a 12.31% than the target price.

    Square stock price predictions
    Brokerage firmPrice target
    Mar 18th, 2021
    Redburn Partners Not available
    Mar 31st, 2021
    Keefe, Bruyette & Woods $250.00
    Apr 7th, 2021
    Barclays $320.00$330.00
    Oddo Bhf Not available
    Apr 9th, 2021
    Credit Suisse Group $270.00$290.00
    Apr 13th, 2021
    Barclays $320.00$330.00
    Needham & Company LLC $300.00$310.00
    Apr 15th, 2021
    Credit Suisse Group $270.00$290.00

    Earnings and financials

    Square, Inc. ($SQ) posted quarterly earnings of $0.32 per share last February, significantly uplifting the Market consensus estimate of $0.24 per share. This Q4 report means an earnings surprise of 33.33%. On the contrary, reported sales were $3.2 billion, in line with the market forecasts.

    In comparison, the EPS for the same quarter last year was $0.23, so current EPS is a improvement of 39.13%. Turnover exploded a 140.51% on an annualized basis in the , from $13.1B to $31.6B last quarter.

    Square ($SQ) presents quarterly earnings report early next May. Estimated for this quarter is $0.16, compared to $0.32 that was reported for Q4.

    Square performance

    SQ performance compared
    Company1m3m6m
    Square ($SQ) 11.90% 12.50% 37.30%

    Please read:
    The thoughts published in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have an understanding of the particular 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 posted for educative reasons only

    Square summary

    Thursday, April 15th, 2021
    Open$262.85
    Close$263.08
    Day range$260.74 - $268.41
    Previous close$258.4
    Session gain1.81%
    Average true range$16.41
    50d mov avg$241.10
    100d mov avg$230.16
    200d mov avg$191.72
    Earnings dateMay 5th, 2021

    Frequently asked questions

    What is Square stock symbol?

    Square, Inc. is a public company trading in the US stock market with the SQ symbol

    Is Square stock a buy or sell?

    Square received 8 ratings in the last 30 days: 5 bullish, 1 bearish and 1 neutral.

    Will SQ go up?

    Square had different price forecasts published by analysts in the last month setting the target price to $300.00. That is a 14.03% than the last price ($263.08).