High volatility in Super Micro Computer stock price on Monday which ended trading at $33.44

The Super Micro Computer stock price fell by -8.26% on the last day (Monday, 16th Dec 2024) from $36.45 to $33.44. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 13.22% from a day low at $31.25 to a day high of $35.38. The price has fallen in 7 of the last 10 days and is down by -20.38% for this period. Volume has increased on the last day by 26 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 82 million shares were bought and sold for approximately $2.73 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 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 -25.08% during the next 3 months and, with a 90% probability hold a price between $9.90 and $32.23 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

The Super Micro Computer stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $39.25. On a fall, the stock will find some support from the long-term average at approximately $32.35. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, December 09, 2024, and so far it has fallen -24.28%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Super Micro Computer finds support from accumulated volume at $33.15 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 $4.13 between high and low, or 13.22%. For the last week, the stock has had daily average volatility of 8.33%.

Super Micro Computer holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.