Teladoc stock: buy or sell
Jul 29th, 2021
Teladoc stock brief
- Teladoc closed on Wednesday at $151.81 after just moving a 0.53% and broke a streak of 4 sessions in negative.
- Teladoc posted its financial report on Wednesday
- Looking at the chart, price is drawing an scaled downtrend since last February with lower tops and lower bottoms. shares price lost a -50.71% since the downtrend started.
- Teladoc Health, Inc. provides virtual healthcare services on a business-to-business basis in the United States and internationally.
Should I buy Teladoc 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 $TDOC stock a buy?
In the current situation of Teladoc there is not any eligible buy setup. This doesn't mean $TDOC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Teladoc stock?
"To sell or not to sell", if you are holding Teladoc stock?. Much like when we have to buy shares, deciding when is the best time to sell is not a haphazard decision, and we must adhere our own trading style. Our trading system selects very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies are not intended for shorting Teladoc stock
As a rule of thumb, you should never keep an operation that yields losses greater than those expected upon purchase. The moment to sell your stock must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Teladoc stock?
In the current situation of Teladoc there is not any eligible sell setup, so Teladoc stock holders with operations in profit can keep their positions
We don't have any rating posted in the last month for Teladoc
Teladoc stock analysis
Teladoc accumulates a price drop of -50.71% since its latest high last February at $308.00. The stock drew 4 consecutive lower tops.
Supports and resistances
The current resistance levels are:
The current support levels are:
Since the price broke down the lower band on July 16, the price rebounded by 4.26%
Relative strength index
The has been between the the levels of 30 and 70 for several weeks, and therefore, without this indicator really being helpful in making any decisions.
Teladoc stock price history
Teladoc went public priced at an adjusted price1 of $29.90 on Jul 2015. Since then, TDOC stock has risen by 407.73%, with an average of 67.96% per year. An investment of $1,000USD on Jul 2015 would be valued $5,077.26 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Teladoc stock
Nobody can predict how much a stock will be priced tomorrow. Banks and financial organisations publish their analysis predicting how a particular stock will performance in the future.
Along with buy or sell recommendations, financial institutions release their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the release of new fundamental data by the company, and usually. Again, these forecasts are not direct recommendations for small traders and must not be followed blindly.
In the previous month we couldn't find any price target posted for Teladoc stock.
Earnings and financials
On Wednesday, Teladoc ($TDOC) had the quarterly investors call and released the report. Teladoc underperformed analysts estimates and posted of $-0.86, that is a -53.57% less than the initial predictions of $-0.56. Even so, reported sales of $503.1 million were in line with market forecasts.Same quarter last year, reported EPS was $-0.34, so current EPS is a drop of -152.94%. Looking at revenue, figures exploded a 150.93% compared to $1.8B same quarter a year ago.
Teladoc ($TDOC) is hosting the quarterly earnings call next October.
Please read:The viewpoints contained in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not know the particular circumstances of the reader, his or her 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 published for informational motives only
|Wednesday, July 28th, 2021|
|Day range||$133.25 - $152.29|
|Average true range||$6.31|
|50d mov avg||$153.53|
|100d mov avg||$165.28|
|200d mov avg||$194.00|
|Earnings date||October 26th, 2021|
Frequently asked questions
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Latest Teladoc news
- InvestorPlaceInvestors Find the Right Rx With Teladoc StockNov 19, 2020