VE stock: buy or sell
Apr 16th, 2021
VE stock brief
- VE stock climbed 1.64% to close at $40.92 on the stock market on Thursday.
- Morgan Stanley posted a hold rating for VE on Thursday, targeting $41.00
- VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U. S.
Should I buy VE 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 $VER stock a buy?
Currently, VE stock matches one trading strategy:
Uptrend buy setup
VE stock continues to trend higher since last January and marked an amazing 19.16% gain. Price marked a local bottom in this uptrend at $36.82 in late March, and since then it bounced off a 11.14%. Price just broke out above the buy point at $40.18, but it can be traded. If price goes beyond $42.19, it would be better to wait to another pullback. If you decide to enter this trade, the suggested stop loss is at $36.16
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$40.18||$36.16||10.00%|
Should I sell VE stock?
Knowing when to sell a stock is even harder than knowing when to buy it. Much like when we have to buy shares, choosing when is appropiate time to sell is not a whimsy decision, and we must use our own trading style. Our trading system selects very simple setups to guide us on when is a good moment to sell a stock. Be aware that these setups are not intended for shorting $VER stock
A guiding principle is that you should not mantain a trade that leads to losses greater than those expected at the time of purchase. The timing to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell VE stock?
In the current situation of VE there is not any eligible sell setup, so VE stock holders with operations in green can keep their positions
In the last 30 days, just one rating was published for VE
|Apr 15th, 2021|
VE stock analysis
Since last January, VE has been printing an uptrend that so far marked a gorgeous 19.16%. The price action shows rising tops and bottoms, and along the way gave very few buying opportunities for those who wanted to trade in. Latest pullback was in late March, when price bounced at $36.82. On April 5, VE broke out above its last top ($40.18) offering a good entry point
Supports and resistances
The current resistances are:
The current support levels are:
Since the price surpassed the upper band on April 7, the price sliced by 0.56%. The price is trading near to the upper Bollinger band, poiting some level of overbought in recent sessions. This is not a sell point, 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 February after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Thursday was 64.18. VE shares skyrocketed a 2.79% since that level was lost
VE stock price history
VE started trading priced at an adjusted price1 of $34.63 on Sep 2011. Since then, VER stock surged by 18.16%, with an average of 2.02% per year. An investment of $1,000USD on the IPO would be valued $1,181.63 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for VE stock
Nobody can predict how much a stock will be priced in the future. Banks and financial organisations post their analysis forecasting how a particular stock will performance in the future.
Along with buy or sell recommendations, financial institutions release their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the release of new financial information by the company, and usually. If you are a small investor you must not buy or sell based on these price targets.
There is just one price target available for VE that predicts a price of $41.00.
|Brokerage firm||Price target|
|Apr 15th, 2021|
|Morgan Stanley||$36.00 → $41.00|
Earnings and financials
Earnings call was hosted by VE ($VER) last February after posting the earnings report. VE beat analysts estimates and posted of $0.31, that is a 40.91% increase versus the previous predictions of $0.22. Nevertheless, reported sales of $287.4 million were in line with analysts estimates.Same quarter one year ago, reported EPS was $0.25, so recently posted EPS means an increase of 24.00%. Looking at revenues, figures sliced a -5.80% compared to $3.1B same quarter a year ago.
VE ($VER) is posting quarterly financial report mid next May. Market analysts analysts predict of $0.27, that is a 12.90% less than Q4.
Please read:The thoughts expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this paper does not know the particular scenarios of the reader, his or her own finances 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 Comments are expressed for general educational reasons only
|Thursday, April 15th, 2021|
|Day range||$40.13 - $40.93|
|Average true range||$0.94|
|50d mov avg||$38.32|
|100d mov avg||$37.16|
|200d mov avg||$34.74|
|Earnings date||May 19th, 2021|