VE stock: buy or sell
Jul 29th, 2021
VE stock brief
- VE closed on Wednesday at $49.02 after merely moving a -0.63%.
- On Tuesday, it broke out above $49.28, a resistance not crossed since last April.
- Last Friday broke out above its latest top at $48.98
- 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 doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $VER will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell VE stock?
Knowing when to sell a stock is even harder than knowing when to buy it. In the same way as when we have to buy shares, determining when is appropiate time to sell is not a random decision, and we must follow our own trading style. We like very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies should not be used for selling short VE stock
As a rule of thumb, you must never hold an investment that yields losses greater than those expected at the time of purchase. The moment to sell your stock always has to 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 profit can keep their positions
We don't have any rating published in the last month for VE
VE stock analysis
Supports and resistances
The current resistance levels are:
The current supports are:
Since the price surpassed the upper band on July 21, the price dropped by 0.85%. The price is trading very close to the upper Bollinger band, poiting 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 in mid-June after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Wednesday was 61.68. Since then, VE stock only changed a 0.49%
VE stock price history
VE started trading priced at an adjusted price1 of $34.29 on Sep 2011. Since then, VER stock surged by 42.96%, with an average of 4.77% per year. If you had invested thousand dollars in VE stock on Sep 2011, it would be valued $1,429.57 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for VE stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are issued every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts released by financial institutions in the last month. If you are a small investor you shouldn't invest based on these price targets.
In the last 30 days we couldn't find any price target posted for VE stock.
Earnings and financials
Last May, VEREIT, Inc. ($VER) reported adjusted EPS for that significantly surpassed Wall St. expectations. Quarterly EPS was $0.80 per share from an estimated $0.27. This quarterly report means an earnings surprise of 196.30%. On the contrary, reported sales were $290.3 million, in line with the market estimates.Same quarter last year, reported EPS was $0.35, so current EPS means an increase of 128.57%. Looking at sales, figures scarcely moved compared to $3.0B year over year.
VE ($VER) is presenting quarterly earnings report on Thursday next week. Analysts forecast of $0.31, that is a 61.25% less than previous quarter.
Important:The viewpoints contained in this article are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this text does not have an understanding of the individual positions 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 informational motives only
|Wednesday, July 28th, 2021|
|Day range||$48.95 - $49.58|
|Average true range||$0.84|
|50d mov avg||$47.37|
|100d mov avg||$44.15|
|200d mov avg||$39.64|
|Earnings date||August 5th, 2021|