T. Rowe Price stock: buy or sell
Updated on:
Mar 2nd, 2021
2
T. Rowe Price stock brief
- After hitting new highs on Monday, T. Rowe Price closed at $168.22 skyrocketing a 3.75%
- The price is currently over the upper Bollinger band, which usually indicates a near-term correction
- From the chart point view, price is drawing a scaled uptrend since September 2020 with higher tops and higher bottoms. This rally marked a 39.19% gain
- T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions.
Should I buy T. Rowe Price 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 $TROW stock a buy?
Currently, T. Rowe Price stock matches 2 trading strategies:
Uptrend buy setup
T. Rowe Price stock is in an uptrend since in September 2020 that so far has marked an amazing 39.00% gain. Price marked a local bottom in this uptrend at $157.79 on February 23, and since then it bounced up a 6.61%. Breaking out over $169.00 - it's last top - will be a good entry point if T. Rowe Price resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $153.06
| Buy setup | Buy point | Stop loss | Risk |
| Uptrend buy setup | $169.00 | $153.06 | 9.43% |
ATH buy setup
All-time Highs is always an excellent buy point for those who like to buy high and sell higher. The good point of buying at all-time highs is that price doesn't struggle with upper resistances, and usually it scales rapidly. However, there's the risk of a bulls trap that may trigger your buy order and then drops sharply. That's why a stop loss is always important. Price is now at 0.70% of all-time highs and it can breakout at any time, so if you want to trade this setup it's recommended to setup your order at $169.40. Arm your stop-loss at $153.06
| Buy setup | Buy point | Stop loss | Risk |
| ATH buy setup | $169.40 | $153.06 | 9.65% |
Should I sell T. Rowe Price stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Just as when we have to buy shares, determining when is appropiate time to sell is not a capricious decision, and we must adhere our own trading strategy. When selling, as well as buying, detailed strategies are very simple to follow but are only valid for selling stocks you already own, not for selling short T. Rowe Price stock
As a rule of thumb, you should never mantain an investment that yields greater losses than those expected by the time of the buy. When to sell shares should always be dictated by the stop-loss (automatic or manual)
Is it time to sell T. Rowe Price stock?
In the current situation of T. Rowe Price there is not any eligible sell setup, so T. Rowe Price stock holders with operations in profit can keep their positions
T. Rowe Price ratings
We don't have any rating posted in the last month for T. Rowe Price
T. Rowe Price stock analysis
Since in September 2020, T. Rowe Price has been drawing an uptrend that so far marked an amazing 39.19%. The chart shows higher peaks and higher lows, and along the way provided some entry points for those who wanted to invest. Latest pullback was on February 23, when price bounced at $157.79. Now, the price moves in a consolidation between its last top ($169.00) and its last bottom ($157.79)
$TROW at new Highs
On Monday, T. Rowe Price hit all-time highs (ATH) again at $169.40. Previous ATHs were last January
SMAs overview
Supports and resistances
The current resistance levels are:
The current supports are:
Bollinger bands
Price levels both above or below the Bollinger Bands signal that the price has followed a strong trend that has led to extreme highs or lows. In this case, the price is over the upper band, and that should mean a possible near-term corrective movement (at least) until it is under the band
Relative strength index
The has been between the overbought and oversold zones for several weeks, and therefore, without this indicator really serving to help us make any decisions.
T. Rowe Price stock price history
T. Rowe Price started trading on Apr 2nd, 1986 at $0.00 per share1. Since then, TROW stock surged by -, with an average of 0.00% per year. If you had invested thousand dollars in T. Rowe Price stock on Apr 1986, it would be valued $inf today.
1: Adjusted price after possible price splits or reverse-splits
Price target for T. Rowe Price stock
How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new financial information by the company, and usually. If you are a small investor you should not trade based on these forecasts.
In the previous month we couldn't find any price target posted for T. Rowe Price stock.
Earnings and financials
Last January, T. Rowe Price Group, Inc. ($TROW) posted EPS for that slightly improved analysts' expectations. Quarterly EPS was $2.89 per share versus the estimated $2.64. This quarterly report means an earnings surprise of 9.47%. On the contrary, reported sales were $1.7 billion, aligned with analysts' estimates.
Same quarter one year ago, reported EPS was $2.03, so recently reported EPS means a gain of 42.36%. Revenue skyrocketed a 17.99% on an annualized basis in the , from $14.7B to $17.3B last quarter.T. Rowe Price ($TROW) releases quarterly earnings report late next April. Wall Street expects of $2.88, compared to previous quarter that was $2.89.
T. Rowe Price performance
| Company | 1m | 3m | 6m |
|---|---|---|---|
| T. Rowe Price ($TROW) | 4.60% | 16.60% | 23.10% |
Disclaimer:
The comments contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this document does not have an understanding of the specific 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 Thoughts are posted for learning purposes onlyT. Rowe Price summary
| Monday, March 1st, 2021 | |
|---|---|
| Open | $164.41 |
| Close | $168.22 |
| Day range | $164.07 - $169.4 |
| Previous close | $162.14 |
| Session gain | 3.75% |
| Average true range | $4.06 |
| 50d mov avg | $156.79 |
| 100d mov avg | $149.14 |
| 200d mov avg | $138.06 |
| Earnings date | April 27th, 2021 |