Trimble stock: buy or sell?
Dec 1st, 2020
Trimble stock brief
- After marking new highs on Tuesday, Trimble closed at $60.73 inching a 1.44%
- Trimble Inc. provides technology solutions that enable professionals and field mobile workers to improve or transform their work processes worldwide.
Should I buy Trimble 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 $TRMB stock a buy?
In the current situation of Trimble there is not any eligible buy setup. This doesn't mean we expect a selloff for $TRMB in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Trimble stock?
"To sell or not to sell", if you are holding Trimble shares?. Much like when we have to buy shares, choosing when is appropiate to sell is not a fickle decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed strategies are very easy to follow but are only valid for selling stocks in your porfolio, not for shorting $TRMB stock
A guiding principle is that you should never mantain a trading operation that shows a losses greater than those expected upon the buy. When to sell your stock should always be determined by the stop-loss (automatic or manual)
Is it time to sell Trimble stock?
Currently, Trimble stock doesn't match any of our preferred sell setups, so if you hold Trimble shares and your operation is in profit probably is not time to sell now
In the last 30 days, 2 analyst ratings were published for Trimble
|Nov 5th, 2020|
|Needham & Company LLC|| |
Trimble stock analysis
$TRMB at new All-time Highs
On Tuesday, Trimble hit all-time highs (ATH) again at $61.46
Supports and resistances
Price is at highs and there are not upper resistances.
The current support levels are:
The price is moving near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell signal, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 last Wednesday after just crossing to the overbough zone for a single day (weak signal). The RSI value on Tuesday was 66.72. Trimble stock only changed a 0.23% since then
Trimble stock price history
Trimble went public on Jul 20th, 1990 priced at $0.00 per share1. Since then, TRMB stock has risen by -, with an average of 0.00% per year. If you had invested thousand dollars in Trimble stock on Jul 1990, it would have a value of $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Trimble stock
Nobody knows how much a stock will be priced tomorrow. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
The following table shows the price forecasts released by analysts for the last 30 days. If you are a small trader you must not buy or sell based on these price targets.
The average price target for Trimble stock calculated from the table below is $52.00. Trimble closed at $60.73 on Tuesday, that is a 16.79% than the target price.
|Brokerage firm||Price target|
|Nov 5th, 2020|
|Morgan Stanley||$46.00 → $48.00|
|Needham & Company LLC||$50.00 → $56.00|
Earnings and financials
In early November, Trimble Inc. ($TRMB) reported EPS for that significantly uplifted Market expectations. Quarterly EPS was $0.60 per share versus the estimated $0.42. This Q3 report means an earnings surprise of 42.86%. Revenue resulted of $792.1 million compared to $718.2 million forecasted by analysts.Compared to the same quarter one year ago, EPS was $0.48, so reported EPS is a gain of 25.00%. Turnover slightly changed on an annualized basis in the , from $7.8B to $7.9B last quarter.
Trimble ($TRMB) is hosting the quarterly earnings call next February. Forecasted for this quarter is $0.51, compared to $0.60 that was reported for Q3.
Trimble is part of the Technology sector and the Scientific & Technical Instruments industry, which contain 20 industry peers.
The following are some of Trimble main competitors:
|Company||Market cap||Rating||Bullish ratings1|
|Keysight Technologies ($KEYS)||$22.0B|| ||3|
|Teledyne Technologies ($TDY)||$14.2B||Neutral||0|
|Sensata Technologies ($ST)||$7.6B||Neutral||0|
1 In the last 30 days.
To better understand Trimble stock performance you must compare its gains with other related stocks in same sector or industry.. For Trimble, the benchmark is made against Fortive, Garmin, Keysight Technologies, Teledyne Technologies, Cognex and Sensata Technologies.
|Keysight Technologies ($KEYS)||15.60%||22.40%||16.00%|
|Teledyne Technologies ($TDY)||21.20%||20.60%||5.60%|
|Sensata Technologies ($ST)||10.00%||15.70%||23.40%|
Please read:The viewpoints expressed 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 know the individual conditions 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 Viewpoints are expressed for informational reasons only
|Tuesday, December 1st, 2020|
|Day range||$60.02 - $61.46|
|Average true range||$1.81|
|50d mov avg||$52.90|
|100d mov avg||$50.65|
|200d mov avg||$43.77|
|Earnings date||February 10th, 2021|