Big movements in Super Micro Computer stock price on Wednesday moving 11.34% between high and low

The Super Micro Computer stock price gained 7.99% on the last trading day (Wednesday, 5th Feb 2025), rising from $29.16 to $31.49. During the last trading day the stock fluctuated 11.34% from a day low at $29.75 to a day high of $33.13. The price has fallen in 7 of the last 10 days and is down by -7% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 46 million more shares were traded than the day before. In total, 81 million shares were bought and sold for approximately $2.55 billion.

On Nov 06, 2024, it was reported that Needham gave SMCI a "Mixed" grade with a "hold" action.

The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled.Given the current short-term trend, the stock is expected to rise 7.33% during the next 3 months and, with a 90% probability hold a price between $22.37 and $49.54 at the end of this 3-month period.

There are mixed signals in the stock today. The Super Micro Computer stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $31.69. On a fall, the stock will find some support from the short-term average at $28.66. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, December 09, 2024, and so far it has fallen -28.69%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

On the downside, the stock finds support just below today's level from accumulated volume at $29.70 and $28.27.There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Super Micro Computer finds support just below today's level at $29.70. If this is broken, then the next support from accumulated volume will be at $28.27 and $25.80.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.38 between high and low, or 11.34%. For the last week, the stock has had daily average volatility of 7.71%.

Super Micro Computer holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.