High volatility in support.com stock price on Thursday which ended trading at $26.02StockInvest.us, 1 week ago
The support.com stock price gained 12.35% on the last trading day (Thursday, 9th Sep 2021), rising from $23.16 to $26.02. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 27.46% from a day low at $21.63 to a day high of $27.57. The price has been going up and down for this period, and there has been a 86.39% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 million more shares were traded than the day before. In total, 63 million shares were bought and sold for approximately $1.63 billion.
The stock lies in the middle of a very wide and strong 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 103.09% during the next 3 months and, with a 90% probability hold a price between $26.00 and $78.32 at the end of this 3-month period.
The support.com stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $23.98 and $12.91. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical 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, August 30, 2021, and so far it has fallen -28.50%. Further fall is indicated until a new bottom pivot has been found.
On the downside, the stock finds support just below today's level from accumulated volume at $24.10 and $22.00.There is 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, support.com finds support just below today's level at $24.10. If this is broken, then the next support from accumulated volume will be at $22.00 and $19.70.
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 $5.94 between high and low, or 27.46%. For the last week, the stock has had a daily average volatility of 27.50%.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for support.com stock to perform well in the short-term.Check full support.com forecast and analysis here.