2U Stock Forecast
2U stock price ended at $0.240 on Thursday, after losing 3.88%.
(Updated on Apr 25, 2024)
The 2U stock price fell by -3.88% on the last day (Thursday, 25th Apr 2024) from $0.250 to $0.240. During the last trading day the stock fluctuated 7.11% from a day low at $0.233 to a day high of $0.250. The price has fallen in 8 of the last 10 days and is down by -33.25% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 million shares and in total, 2 million shares were bought and sold for approximately $530.03 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -48.83% during the next 3 months and, with a 90% probability hold a price between $0.0694 and $0.303 at the end of this 3-month period.
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TWOU Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 0.125%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The 2U stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.254 and $0.345. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for 2U stock
2U finds support from accumulated volume at $0.240 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0166 between high and low, or 7.11%. For the last week the stock has had daily average volatility of 10.63%.
2U is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TWOU) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect 2U to open at $0.241, and during the day (based on 14 day Average True Range), to move between $0.202 and $0.278, which gives a possible trading interval of +/-$0.0382 (+/-15.90%) up or down from last closing price. If 2U takes out the full calculated possible swing range there will be an estimated 31.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.240 (0.12%) than the resistance at $0.248 (3.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
2U will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.340. We will update the financials statements for 2U, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.87% in the first trading day after earnings release.
Is 2U stock A Buy?
2U holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.475 Sell Candidate Unchanged
Predicted Opening Price for 2U of Friday, April 26, 2024
Fair opening price April 26, 2024 | Current price |
---|---|
$0.241 ( 0.388%) | $0.240 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWOU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.258 | 7.30 % | |
R2 | 0.251 | 4.66 % | ||
R1 | 0.248 | 3.03 % | ||
Current price: | 0.240 | |||
Support | S1 | 0.235 | -2.25 % | |
S2 | 0.231 | -3.88 % | ||
S3 | 0.225 | -6.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0.250 | 4.04 % | |
R2 | 0.249 | 3.75 % | ||
R1 | 0.248 | 3.20 % | ||
Current price | 0.240 | |||
Support | S1 | 0.240 | -0.125% | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
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