XYZ 84.85 close 2/10 Earnings Due 2/20 A Consensus: 3 sell, 7 hold, 21 buy, 13 strong buy
Trend Analysis XYZ appears to be consolidating within a longer-term uptrend.
Momentum for XYZ is strongly bearish.
Volume The On Balance Volume indicator (OBV) shows that longer term accumulation has given way to near term selling pressure by traders.
Volatility, measured using the width of the Bollinger Bands®, is extremely low, resulting in a condition called the Bollinger Band Squeeze. Bollinger Band Squeezes tend to precede major price breakouts, although they do not predict which direction the new trend will take
pivot 99.26 on a stage 2
current p/e 27
Block Square and Cash App parent Block (XYZ) is now trading under the ticker XYZ after changing its symbol from SQ on Jan. 21.
The digital payments company has been on the uptrend as other financial stocks have been performing well amid earnings results.
Discover Financial Services (DFS) posted a 252% EPS gain for its Jan. 22 results, while Visa (V) and Mastercard (MA) both surged to record highs following their earnings results last week.
Shift4 Payments (Four) have both rallied about 17% so far this year. Paysafe (PSFE) and Toast (TOST) are both up 14% in 2025.
Meanwhile, Block is set to report its own Q4 results on Feb. 20. FactSet analysts project a 95% increase in earnings to 88 cents per share on 9% revenue growth to $6.29 billion.
Block also holds 8,363 bitcoin as of the third quarter as part of its long-term investment strategy. The cryptos are worth over $861 million with bitcoin trading around $103,000 on Friday.
XYZ stock was the IBD Stock Of The Day for Friday. Shares reclaimed their 50-day moving average last week, even with Friday's pullback. Investors could use its Jan. 6 high of 93.83 as an early buying opportunity.
XYZ stock is consolidating with a traditional buy point at 99.26. Shares have rebounded about 15% from their January lows.