High volatility in Wolfspeed, Inc. stock price on Monday which ended trading at $2.31

The Wolfspeed, Inc. stock price gained 95.76% on the last trading day (Monday, 7th Jul 2025), rising from $1.18 to $2.31. During the last trading day the stock fluctuated 93.71% from a day low at $1.43 to a day high of $2.77. The price has fallen in 6 of the last 10 days but is still up by 156.64% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 239 million more shares were traded than the day before. In total, 443 million shares were bought and sold for approximately $1.02 billion.

On Oct 15, 2024, it was reported that Morgan Stanley gave WOLF a "Equal-Weight" grade with a "hold" action.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $2.52 will firstly indicate a slower falling rate, but may be the first sign of a trend shift.Given the current short-term trend, the stock is expected to fall -51.87% during the next 3 months and, with a 90% probability hold a price between $0.105 and $1.21 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.

Mostly positive signals in the chart today. The Wolfspeed, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.91 and $1.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 30, 2025, and so far it has risen 479.24%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy 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 $2.18 and $2.16.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, Wolfspeed, Inc. finds support just below today's level at $2.18. If this is broken, then the next support from accumulated volume will be at $2.16 and $2.15.

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 $1.34 between high and low, or 93.71%. For the last week, the stock has had daily average volatility of 54.97%.

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.