Container Store (The) (TCS)

Container Store stock forecast: buy or sell

Container Store stock outlook

  • Container Store stock tanked -3.78% to close at $3.31 on the stock market yesterday.
  • The Container Store Group, Inc. operates as a retailer of storage and organization products and solutions in the United States. It operates through two segments, The Container Store and Elfa.
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Disclaimer:
The opinions expressed in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not know the particular conditions 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 Viewpoints are provided for educative reasons only

Container Store stock chart overview

Should I buy Container Store 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 TCS stock a buy?

In the current situation of Container Store there is not any eligible buy setup. This doesn't mean we expect a selloff for TCS in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Container Store stock?

"To sell or not to sell", if you are holding Container Store stock?. Much like when we have to buy shares, determining when is the best time to sell is not a random decision, and we must use our own trading style. When selling, as well as buying, our setups are very simple to use but are only valid for selling shares in your porfolio, not for selling short TCS stock

A guiding principle is that you should never mantain a trade that produces greater losses than those expected upon the buy. When to sell shares must always be ruled by the stop-loss (automatic or manual)

Is it time to sell Container Store stock?

In the current situation of Container Store there is not any eligible sell setup, so Container Store stock holders with operations in green can keep their positions

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Analysts' recommendations to buy or sell Container Store stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days we couldn't find any rating for Container Store

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Technical analysis

SMAs overview

Moving averages are tools for traders to gauge market direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Technical analysts use supports and resistances to find price points on a chart that tend to work as barriers, preventing the price of a stock to move in certain direction. A support level is a level where the price may stop as it falls. Price is more likely to "rebound" this level rather than break through it. However, if the price breaks down the support, it will probably continue falling until meeting another support level. On the other side, a resistance level is where the price tends to find resistance as it rises. In the same manner, this means that the price is more liable to "bounce off" at this level, and if it finally crosses this level, it will rise more easily until it hits the next resistance

The current resistance levels are:

  • R1: $3.34 (0.91% above)
  • R2: $3.37 (1.81% above)
  • R3: $3.47 (4.83% above)
  • The current support levels are:

  • S1: $3.30 (-0.3% below)
  • S2: $2.70 (-18.43% below)
  • S3: $1.87 (-43.5% below)
  • Bollinger bands

    This is an indicator that was developed in the 1980s by John Bollinger. It consists of 3 bands that are plotted superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that measures price movements to identify when the share or financial asset is overbought or oversold. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in 1978

    The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for 1 day (weak signal). The RSI reading yesterday was 55.82. Container Store stock collapsed a 14.25% since RSI lost the overbought zone

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    Earnings and financials

    Container Store (The) (TCS) posted EPS for the fiscal 1st-quarter that matched analysts' expectations. Quarterly EPS was $0.28 per share versus $0.29. Reported sales were $241.3 million, in line with the market estimates as well.

    Compared to the same quarter last year, EPS was $0.33, so posted EPS means a loss of -15.15%. Turnover slightly moved on an annualized basis in the Q1, from $253.2M to $241.3M last quarter.

    Container Store is hosting the earnings call on early next August. Market estimates a per-share earnings of %s of $-0.19, compared to previous quarter that was $0.28. Earnings reporting day has a more than usual risk for stock traders as the information posted can jump up or down the shares price with very low volume and not respecting your buy or stop-loss orders. You can find more details about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.containerstore.com.

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