Teladoc stock: buy or sell
Updated on:
Jan 18th, 2021
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Teladoc stock brief
- Teladoc closed last Friday at $225.25 after only changing a -0.13%.
- Price is drawing a scaled uptrend since last November with higher tops and higher bottoms. Up to date, shares marked a 33.68% gain since the beginning of this rally
- 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?
Currently, Teladoc stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $TDOC in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Teladoc stock?
How to know when is it time to sell Teladoc?. Trading strategies help us to avoid impetuous decisions based on our personal sentiments or the buzz surrounding the market. We like very simple strategies to guide us on when is a good time to sell our shares. Be aware that these strategies are not intended for selling short $TDOC stock
As a golden rule, you should never keep a trading operation that shows a greater losses than those expected by the time of purchase. The timing to sell shares always has to be ruled by the stop-loss (automatic or manual)
Is it time to sell Teladoc stock?
Currently, Teladoc stock doesn't match any of our preferred sell setups, so if you hold Teladoc shares and your operation is in profit probably is not time to sell now
Teladoc ratings
In the last 30 days, 3 analyst ratings were published for Teladoc. General sentiment is bullish, with 2 out of 3 posting positive outlooks
| Brokerage firm | Rating |
|---|---|
| Dec 22nd, 2020 | |
| Evercore ISI | Neutral |
| Jan 6th, 2021 | |
| BTIG Research | |
| Jan 12th, 2021 | |
| BTIG Research | |
Teladoc stock analysis
Teladoc shares started an uptrend last November, and grew an amazing 33.68%. Rising highs and lows can be seen easily on a chart and how price action gave very few entry points on the breakouts. Latest low was in mid-December, when price bounced at $181.15. Like in all uptrends, price needs to rest and now price is consolidating the gains in a range between $236.66 and $181.15
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Since the price surpassed the upper band last Wednesday, the price corrected downwards by 4.15%
Relative strength index
When the stays for so long below 70 and above 30, without any indication of overbought and oversold, the indicator is of little use, and we currently are in one of these situations.
Teladoc stock price history
Teladoc started trading priced at an adjusted price1 of $29.90 on Jul 2015. Since then, TDOC stock has risen by 653.34%, with an average of 130.67% per year. An investment of $1,000USD on Jul 2015 would have a value of $7,533.44 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Teladoc stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are published every day by banks, financial institutions and independent analysts.
Along with buy or sell recommendations, financial institutions post their price estimates 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. If you are a small trader you shouldn't trade based on these forecasts.
The average price target for Teladoc stock calculated from the table below is $237.50. Teladoc closed at $225.25 last Friday, that is a 5.16% than the predicted price.
| Brokerage firm | Price target |
|---|---|
| Dec 22nd, 2020 | |
| Evercore ISI | $215.00 |
| Jan 6th, 2021 | |
| BTIG Research | Not available |
| Jan 12th, 2021 | |
| BTIG Research | $240.00 → $260.00 |
Earnings and financials
Teladoc Health, Inc. ($TDOC) posted earnings of $-0.13 per share last October, significantly improving the Wall St consensus estimate of $-0.32 per share. This quarterly report represents an earnings surprise of 59.38%. On the contrary, reported sales were $288.8 million, consistent with analysts' estimates.
In contrast, the EPS for the same quarter last year was $-0.28, so current EPS means a gain of 53.57%. Looking at sales, figures skyrocketed a 109.33% compared to $1.4B year over year.Teladoc ($TDOC) will host the quarterly earnings call late next February. Market analysts analysts predict of $-0.26, that is a 100.00% lower than Q3.
Teladoc performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| Teladoc ($TDOC) | 19.70% | -1.00% | 2.30% |
Please read:
The viewpoints given in this article are personal and not recommendations for you to buy or sell shares. The author of this text does not have any knowledge of the individual 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 Viewpoints are provided for general educational purposes onlyTeladoc summary
| Friday, January 15th, 2021 | |
|---|---|
| Open | $228 |
| Close | $225.25 |
| Day range | $222.6 - $230.83 |
| Previous close | $225.54 |
| Session gain | -0.13% |
| Average true range | $13.43 |
| 50d mov avg | $199.07 |
| 100d mov avg | $205.75 |
| 200d mov avg | $198.07 |
| Earnings date | February 24th, 2021 |
Frequently asked questions
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Latest Teladoc news
- InvestorPlaceInvestors Find the Right Rx With Teladoc StockNov 19, 2020