State Street stock: buy or sell

STT stock price: $76.74 5.46% At close on Mar 1st, 2021

Updated on:
Mar 2nd, 2021

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State Street stock brief

  • State Street closed on Monday at $76.74 after exploding a 5.46%.
  • From the chart point view, price is drawing a scaled uptrend since September 2020 with higher tops and higher bottoms. This uptrend marked a 37.67% gain
  • Morgan Stanley posted a bullish rating for State Street last Thursday, targeting $100.00
  • State Street Corporation, through its subsidiaries, provides a range of financial products and services to institutional investors worldwide.

Should I buy State Street 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 $STT stock a buy?

In the current situation of State Street there is just one buy setup eligible:

Uptrend buy setup

State Street stock is in an uptrend since in September 2020 that so far has marked an amazing 38.00% gain. Price marked a pull back in this uptrend at $69.02 last January, and since then it bounced up a 11.19%. Now, it's only 5.66% away from breaking out above its last top and resume the uptrend. The new buy point is therefore at $81.08. If you decide to enter this trade, the suggested stop loss is at $72.97

Buy setupBuy pointStop lossRisk
Uptrend buy setup$81.08$72.9710.00%

Should I sell State Street stock?

"To sell or not to sell", if you are holding State Street stock?. In the same way as when we have to buy shares, choosing when is the best time to sell is not a capricious decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed setups are very easy to use but are only valid for selling stocks you already own, not for selling short State Street stock

As a rule of thumb, you must never mantain a trade that produces greater losses than those expected at the time of the buy. The moment to sell shares should always be dictated by the stop-loss (automatic or manual)

Is it time to sell State Street stock?

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

State Street ratings

In the last 30 days, just one brokerage rating was published for State Street

State Street analysts' ratings - Last 30 days
Brokerage firmRating
Feb 25th, 2021
Morgan Stanley Buy

State Street stock analysis

State Street stock started an uptrend in September 2020, and gained a gorgeous 37.67%. The price shows higher highs and higher lows, and along the way provided some buying opportunities for those who wanted to trade in. Latest low was last January, when price bounced at $69.02. Like in all uptrends, price needs to rest and now price is moving in a range between $81.08 and $69.02

SMAs overview

STT stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $76.75 (0.01% above)
  • R2: $77.26 (0.68% above)
  • R3: $78.19 (1.89% above)
  • The current supports are:

  • S1: $76.22 (-0.68% below)
  • S2: $75.18 (-2.03% below)
  • S3: $74.40 (-3.05% below)
  • Bollinger bands

    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

    STT stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last January after just crossing to the overbough zone for just one day (weak signal). The RSI value on Monday was 56.36. State Street price collapsed a 4.58% since RSI lost the overbought zone

    STT stock RSI chart

    State Street stock price history

    State Street went public priced at an adjusted price1 of $0.00 on Mar 1980. Since then, STT stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in State Street stock at that time, it would worth $inf today.

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

    STT stock price history chart

    Price target for State Street stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.

    The following table shows the price predictions posted by brokerage institutions in the last month. If you are a small investor you must not invest based on these predictions.

    There is just one price target available for State Street that predicts a price of $100.00.

    State Street stock price predictions
    Brokerage firmPrice target
    Feb 25th, 2021
    Morgan Stanley $101.00$100.00

    Earnings and financials

    State Street ($STT) hosted the earnings event and presented the report last January. State Street posted earnings of $1.69 per share on revenue of $2.9 billion. The market estimate was $1.56 per share on revenue of $2.8 billion.

    This compares to Earnings of $1.98 per share same quarter last year, so posted EPS means a reduction of -14.65%. Sales just changed on an annualized basis in the , from $30.0B to $29.2B last quarter.

    State Street ($STT) posts quarterly earnings report mid next April. Market analysts analysts expect of $1.34, that is a 20.71% less than previous quarter.

    State Street performance

    STT performance compared
    Company1m3m6m
    State Street ($STT) 7.80% 7.30% 11.90%

    Important:
    The opinions given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not know the specific circumstances of the reader, his or her own 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 Viewpoints are posted for educative reasons only

    State Street summary

    Monday, March 1st, 2021
    Open$74.61
    Close$76.74
    Day range$74.3 - $77.61
    Previous close$72.77
    Session gain5.46%
    Average true range$3.17
    50d mov avg$73.78
    100d mov avg$70.40
    200d mov avg$66.61
    Earnings dateApril 16th, 2021

    Frequently asked questions

    What is State Street stock symbol?

    State Street Corporation is a public company trading in the US stock market with the STT symbol

    Is State Street stock a buy or sell?

    State Street had one rating in the last four weeks Read the article to get additional tips on trading STT stock.

    Will STT go up?

    State Street had different price forecasts issued by market analysts in the last 30 days setting the target price to $100.00. That is a 30.31% than the last price ($76.74).