Sysco stock: buy or sell
Updated on:
Jul 29th, 2021
1
Sysco stock brief
- Sysco stock scarcely moved 0.08% to close at $73.65 on the stock market today, after 4 consecutive sessions in green.
- Last May price started dropping and drawed 2 consecutive lower tops. shares price lost a -14.57% since the downtrend started.
Should I buy Sysco 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 $SYY stock a buy?
In the current situation of Sysco there is not any eligible buy setup. This doesn't mean $SYY will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Sysco stock?
When you are a novel trader and you own a stock with some profit, it's really difficult to decide the correct moment to sell and get your profits. Trading strategies give us the ability us to avoid impulsive decisions based on our personal moods or the buzz that surrounds the market. Our trading system selects very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups should not be used for shorting Sysco stock
As a golden rule, you should never mantain an investment that shows a greater losses than those expected at the time of the buy. When to sell your stock must always be determined by the stop-loss (automatic or manual)
Is it time to sell Sysco stock?
In the current situation of Sysco there is not any eligible sell setup, so Sysco stock holders with operations in profit can keep their positions
Sysco ratings
In the last 30 days we couldn't find any rating for Sysco
Sysco stock analysis
Sysco accumulates a price drop of -14.57% since its latest top last May at $86.21. The stock drew 3 consecutive lower tops.
SMAs overview
Supports and resistances
The current resistances are:
The current supports are:
Bollinger bands
Since the price broke down the lower band on July 19, the price bounced off by 6.89%
Relative strength index
The RSI broke out the oversold level of 30 on July 20 after just being in the oversold zone for just one day (what can be considered a strength sign). The RSI reading on Wednesday was 45.87
Sysco stock price history
Sysco IPO was on May 8th, 1973 at $0.08 per share1. Since then, SYY stock has risen by 91,962.50%, with an average of 1,915.89% per year. If you had invested thousand dollars in Sysco stock on May 1973, it would worth $920,625.00 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Sysco stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, brokerage institutions post their price target based on the stock price action and the company fundamental data. Most of these estimates follow the release of new financial data by the company, and many times. Again, these targets are not direct recommendations for small investors and should not be trusted blindly.
In the previous 30 days we couldn't find any price target published for Sysco stock.
Earnings and financials
Earnings event was hosted by Sysco ($SYY) last May after releasing the financial report. Sysco beat Wall St estimates and posted of $0.22, that is a 10.00% increase versus the estimates of $0.20. On the opposite side, reported sales were $11.8 billion versus estimates of $12.4 billion.
In comparison, the EPS for the same quarter last year was $0.45, so posted EPS is a reduction of -51.11%. Revenue sank a -13.68% on an annualized basis in the , from $137.0B to $118.2B last quarter.Sysco ($SYY) is hosting the Q4 earnings call next Tuesday. Market estimates of $0.60, compared to previous quarter that was $0.22.
Sysco performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Sysco ($SYY) | -3.00% | -11.50% | 2.40% |
Disclaimer:
The viewpoints published in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this report does not know the particular circumstances of the reader, his or her 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 posted for learning purposes onlySysco summary
| Wednesday, July 28th, 2021 | |
|---|---|
| Open | $74.02 |
| Close | $73.65 |
| Day range | $72.87 - $74.49 |
| Previous close | $73.59 |
| Session gain | 0.08% |
| Average true range | $2.10 |
| 50d mov avg | $76.84 |
| 100d mov avg | $78.89 |
| 200d mov avg | $75.04 |
| Earnings date | August 10th, 2021 |