2U Stock Forecast

Big movements in 2U stock price on Wednesday moving 10.20% between high and low
(Updated on Apr 24, 2024)

TWOU Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 4.17%. Further rise is indicated until a new top pivot has been found. 2U has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 $0.262 and $0.350. 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).

Support, Risk & Stop-loss for 2U stock

2U finds support from accumulated volume at $0.249 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 a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0235 between high and low, or 10.20%. For the last week, the stock has had daily average volatility of 11.35%.

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 Thursday 25th

For the upcoming trading day on Thursday, 25th we expect 2U to open at $0.245, and during the day (based on 14 day Average True Range), to move between $0.210 and $0.290, which gives a possible trading interval of +/-$0.0398 (+/-15.94%) up or down from last closing price. If 2U takes out the full calculated possible swing range there will be an estimated 31.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.249 (0.28%) than the resistance at $0.270 (8.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -2.908 Sell Candidate Upgraded

Predicted Opening Price for 2U of Thursday, April 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.