On Tuesday, Super Micro Computer stock price gained an impressive 5.06%

The Super Micro Computer stock price gained 5.06% on the last trading day (Tuesday, 14th May 2024), rising from $782.76 to $822.37. During the last trading day the stock fluctuated 8.15% from a day low at $766.77 to a day high of $829.24. The price has been going up and down for this period, and there has been a -4.24% loss 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, 2 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $4.08 billion.

On May 01, 2024, it was reported that Bank of America Securities gave SMCI a "Buy" 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 -15.61% during the next 3 months and, with a 90% probability hold a price between $463.52 and $886.90 at the end of this 3-month period.

A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 11.39%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 $875.77. On a fall, the stock will find some support from the short-term average at $810.80. 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.

Super Micro Computer finds support from accumulated volume at $803.32 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 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 $62.47 between high and low, or 8.15%. For the last week, the stock has had daily average volatility of 6.04%.

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