Yandex stock: buy or sell
Jun 22nd, 2021
Yandex stock brief
- Yandex closed on Monday at $68.47 after falling a -1.60%.
- From the chart point view, price is drawing a scaled uptrend since last April with higher tops and higher bottoms. Up to date, the uptrend marked a 16.23% profit since the beginning of this rally
- Yandex N. V., an internet and technology company, provides internet search engine in Russia and internationally. It offers geolocation services, such as Yandex. Maps, Yandex. Navigator, Yandex.
Should I buy Yandex 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 $YNDX stock a buy?
Currently, Yandex 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 $YNDX in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Yandex stock?
"To sell or not to sell", if you are holding Yandex stock?. Trading strategies allow us to avoid impulsive decisions based on our personal moods or the buzz that surrounds the market. When selling, as well as buying, our setups are very simple to follow and are only applicable for selling stocks in your porfolio, not for selling short Yandex stock
As a rule of thumb, you should never hold an investment that shows a greater losses than those expected by the time of the buy. When to sell shares should always be determined by the stop-loss (automatic or manual)
Is it time to sell Yandex stock?
Currently, Yandex stock doesn't match any of our preferred sell setups, so if you hold Yandex shares and your operation is in profit probably is not time to sell now
In the previous 30 days we couldn't find any rating for Yandex
Yandex stock analysis
Yandex shares started an uptrend last April, and grew a gorgeous 16.23%. The price shows higher highs and lows, and along the way provided very few buy points for those who wanted to enter. Latest low was in mid-May, when price bounced at $61.37. Now, it swings in a consolidation between its last top ($70.91) and its last bottom ($61.37)
Supports and resistances
The current resistances are:
The current supports are:
Since the price surpassed the upper band on June 14, the price sliced by 3.06%. The price is moving very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 on June 15 after just crossing to the overbough zone for just one day (weak signal). The RSI value on Monday was 54.71. Since then, Yandex price collapsed a 2.91%
Yandex stock price history
Yandex started trading priced at an adjusted price1 of $35.00 on May 2011. Since then, YNDX stock surged by 95.63%, with an average of 9.56% per year. An investment of thousand dollars at that time would have a value of $1,956.29 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Yandex stock
Nobody can predict how much a stock will be priced in the future. Banks and financial organisations publish their analysis forecasting how a stock will performance in the future.
Along with buy or sell recommendations, financial institutions post their price forecasts based on the stock price action and the company fundamental data. Most of these estimates follow the publication of new fundamental information by the company, and many times. Again, these targets are not direct recommendations for small traders and must not be followed blindly.
In the last month we couldn't find any price target published for Yandex stock.
Earnings and financials
Yandex ($YNDX) hosted the investors call and presented the report last April. Yandex reported earnings of $0.08 per share on revenue of $966.1 million. The consensus earnings estimate was $0.21 per share on revenue of $927.9 million.In comparing, the EPS for the same quarter last year was $15.25, so current EPS is a decrease of -99.48%. Turnover skyrocketed a 55.60% on an annualized basis in the , from $470.0B to $731.4B last quarter.
Yandex ($YNDX) is presenting earnings report late next July. Market estimates of $0.31, compared to previous quarter that made $0.08.
Disclaimer:The opinions given in this post are personal and not recommendations for you to buy or sell shares. The author of this report does not have an understanding of the particular conditions 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 posted for general educational motives only
|Monday, June 21st, 2021|
|Day range||$68.4 - $69.82|
|Average true range||$1.63|
|50d mov avg||$65.16|
|100d mov avg||$65.57|
|200d mov avg||$65.01|
|Earnings date||July 27th, 2021|