Sysco stock: buy or sell
Updated on:
Jan 27th, 2021
2
Sysco stock brief
- Sysco stock rose 1.60% to close at $74.17 on the stock market on Tuesday, and broke a streak of 3 sessions in red.
- Sysco is presenting its earnings report next Monday
- From the chart point view, price is drawing a scaled uptrend since last October with higher tops and higher bottoms. Up to date, the uptrend marked a 38.56% profit since the beginning of this rally
- JPMorgan Chase & Co. posted a neutral rating for Sysco on Monday, forecasting $76.00
Should I buy Sysco 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 $SYY stock a buy?
Currently, Sysco stock matches one trading strategy:
Uptrend buy setup
Sysco stock continues to trend higher since last October and marked an amazing 38.56% gain. Price marked a local bottom in this uptrend at $71.88 on Monday, and since then it bounced up a 3.19%. Breaking out over $79.96 - it's last top - will be a good entry point if Sysco resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $71.96
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $79.96 | $71.96 | 10.00% |
Should I sell Sysco stock?
"To sell or not to sell", if you are holding Sysco stock?. Trading strategies allow us to avoid impetuous decisions based on our moods or the noise surrounding the market. When selling, as well as buying, our strategies are very simple to use and are only applicable for selling shares you already own, not for selling short Sysco stock
A golden rule is that you should never hold a trading operation that leads to greater losses than those expected upon purchase. The moment to sell your stock always has to be dictated by the stop-loss (automatic or manual)
Is it time to sell Sysco stock?
Currently, Sysco stock doesn't match any of our preferred sell setups, so if you own Sysco shares and your operation is in profit probably is not time to sell now
Sysco ratings
In the last 30 days, 2 brokerage ratings were published for Sysco
| Brokerage firm | Rating |
|---|---|
| Jan 19th, 2021 | |
| Morgan Stanley | |
| Jan 25th, 2021 | |
| JPMorgan Chase & Co. | Buy → Neutral |
Sysco stock analysis
Since last October, Sysco has been printing an uptrend that so far marked a gorgeous 38.56%. The price action shows higher highs and higher troughs, and along the way gave some buy points for those who wanted to invest. Latest low was on Monday, when price bounced at $71.88. Currently, the price moves in a consolidation between its last top ($79.96) and its last bottom ($71.88)
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band on January 12, the price dropped by 7.24%
Relative strength index
When the fluctuates for so long below 70 and above 30, without indicating moments of overvaluation and undervaluation, the indicator becomes of little use, and we find ourselves in one of these situations.
Sysco stock price history
Sysco started trading on May 8th, 1973 at $0.06 per share1. Since then, SYY stock surged by 123,516.67%, with an average of 2,628.01% per year. An investment of thousand dollars at that time would worth $1,236,166.67 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Sysco stock
Nobody knows how much a stock will be priced tomorrow. However, many stock price forecasts are issued every day by banks, financial institutions and independent analysts.
The following table shows the price predictions posted by brokerage institutions in the last 30 days. If you are a small trader you shouldn't trade based on these price targets.
There are 2 price predictions posted for Sysco that average $76.00. Sysco closed at $74.17 on Tuesday, that is a 2.41% than the predicted price.
| Brokerage firm | Price target |
|---|---|
| Jan 19th, 2021 | |
| Morgan Stanley | $69.00 → $76.00 |
| Jan 25th, 2021 | |
| JPMorgan Chase & Co. | $76.00 |
Earnings and financials
Sysco ($SYY) will host the earnings call next Monday. Forecasted for this quarter is $0.34, compared to $0.34 that was reported for Q1.
Sysco ($SYY) had the financial event and posted the report last November. Sysco reported earnings of $0.34 per share on revenue of $11.8 billion. The consensus earnings estimate was $0.24 per share on revenue of $11.8 billion.
This compares to Earnings of $0.98 per share same quarter last year, so current EPS means a reduction of -65.31%. Sales dropped a -23.04% on an annualized basis in the , from $153.0B to $117.8B last quarter.Sysco performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Sysco ($SYY) | 2.60% | 16.90% | 39.60% |
Please read:
The thoughts given in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the specific scenarios of the reader, his or her own financial statements 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 Opinions are expressed for learning motives onlySysco summary
| Tuesday, January 26th, 2021 | |
|---|---|
| Open | $74.02 |
| Close | $74.17 |
| Day range | $73.66 - $75.64 |
| Previous close | $73 |
| Session gain | 1.60% |
| Average true range | $2.87 |
| 50d mov avg | $73.71 |
| 100d mov avg | $68.17 |
| 200d mov avg | $60.91 |
| Earnings date | February 1st, 2021 |