Stryker stock: buy or sell

SYK stock price: $268.68 0.12% At close on Jul 28th, 2021

Updated on:
Jul 29th, 2021

2

Stryker stock brief

  • Stryker closed on Wednesday at $268.68 (0.12%) prior to reporting earnings on Thursday at 16:00
  • Stryker gained a 5.29% in 7 consecutive sessions in green
  • Stryker marked a new all-time high on Wednesday, setting the new record at $275.15.
  • Stryker marked a new all-time high on Wednesday, setting the new record at $275.15.
  • On Tuesday broke out above its latest top at $265.95
  • Price is drawing a scaled uptrend since last January with higher tops and higher bottoms. Up to date, price marked a 22.24% gain since the beginning of this rally. On Tuesday Stryker broke out above $265.95 giving a buy point
  • Stryker Corporation operates as a medical technology company. The company operates through three segments: Orthopaedics, MedSurg, and Neurotechnology and Spine.

Should I buy Stryker 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 $SYK stock a buy?

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

Uptrend buy setup

Stryker stock continues to trend higher since last January and marked an amazing 22.24% gain. Price marked a pull back in this uptrend at $247.61 on July 19, and since then it bounced off a 8.51%. Price just broke out above the buy point at $265.95, but it's still eligible. If price goes beyond $279.25, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $240.18

Buy setupBuy pointStop lossRisk
Uptrend buy setup$265.95$240.189.69%

Should I sell Stryker stock?

"To sell or not to sell", if you are holding Stryker stock?. Trading strategies give us the ability us to avoid impulsive decisions based on our sentiments or the buzz surrounding the market. When selling, as well as buying, our strategies are very simple to use and are only valid for selling shares in your porfolio, not for shorting Stryker stock

As a rule of thumb, you should not hold a trading operation that shows a higher than expected losses at the time of purchase. When to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Stryker stock?

Currently, Stryker stock doesn't match any of our preferred sell setups, so if you own Stryker shares and your operation is in profit probably is not time to sell now

Stryker ratings

We don't have any rating posted in the last 30 days for Stryker

Stryker stock analysis

Since last January, Stryker has been printing an uptrend that by now marked a gorgeous 22.24%. During this uptrend, the price gave some entry points on the breakouts. Latest pullback was on July 19, when price bounced at $247.61. On Tuesday, Stryker broke out above its last top ($265.95) offering a good buying opportunity

$SYK at All-time Highs

On Wednesday, Stryker marked all-time highs (ATH) again at $275.15

SMAs overview

SYK stock SMAs chart

Supports and resistances

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

The current supports are:

  • S1: $267.39 (-0.48% below)
  • S2: $265.95 (-1.02% below)
  • S3: $259.37 (-3.47% below)
  • Bollinger bands

    Since the price broke down the lower band on July 19, the price bounced by 8.51%. 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

    SYK stock Bollinger Bands chart

    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 are currently in such a case.

    SYK stock RSI chart

    Stryker stock price history

    Stryker started trading priced at an adjusted price1 of $0.00 on Mar 1980. Since then, SYK stock surged by -, with an average of 0.00% per year. An investment of $1,000USD on Mar 1980 would be valued $inf nowadays.

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

    SYK stock price history chart

    Price target for Stryker stock

    Nobody can predict how much a share will be priced in the future. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.

    The following table shows the price forecasts released by analysts in the last 30 days. Again, these targets are not direct recommendations for individual investors and should not be followed blindly.

    We don't have any target price published in the previous 4 weeks for Stryker.

    Earnings and financials

    Stryker performance

    SYK performance compared
    Company1m3m6m
    Stryker ($SYK) 3.00% 3.50% 16.20%

    Please read:
    The thoughts expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not know the individual 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 Comments are expressed for education purposes only

    Stryker summary

    Wednesday, July 28th, 2021
    Open$273.66
    Close$268.68
    Day range$265.26 - $275.15
    Previous close$268.35
    Session gain0.12%
    Average true range$5.81
    50d mov avg$257.65
    100d mov avg$252.82
    200d mov avg$242.37
    Earnings dateJuly 29th, 2021

    Frequently asked questions

    What is Stryker stock symbol?

    Stryker Corporation is a public company trading in the US stock market with the SYK symbol

    Is Stryker stock a buy or sell?

    Stryker had no ratings in the last 30 days Read the article to get additional tips on trading SYK stock.

    Will SYK go up?

    There were no predictions posted by analysts in the last 30 days for Stryker.