On Wednesday, Super Micro Computer stock price gained an impressive 5.80%

StockInvest.us, 7 months ago

Super Micro Computer

The Super Micro Computer stock price gained 5.80% on the last trading day (Wednesday, 19th Mar 2025), rising from $37.90 to $40.10. During the last trading day the stock fluctuated 8.28% from a day low at $38.15 to a day high of $41.31. The price has been going up and down for this period, and there has been a 3.08% 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, 7 million more shares were traded than the day before. In total, 60 million shares were bought and sold for approximately $2.41 billion.

On Mar 10, 2025, it was reported that Goldman Sachs gave SMCI a "Neutral" grade with a "hold" action.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $34.91 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift.Given the current short-term trend, the stock is expected to rise 29.93% during the next 3 months and, with a 90% probability hold a price between $45.36 and $85.04 at the end of this 3-month period.

Super Micro Computer

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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $40.64 and $40.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, February 19, 2025, and so far it has fallen -33.44%. 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).

Super Micro Computer finds support from accumulated volume at $39.68 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 $3.16 between high and low, or 8.28%. For the last week, the stock has had daily average volatility of 7.62%.

The Super Micro Computer stock holds several negative signals and despite the positive trend, we believe Super Micro Computer will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Check full Super Micro Computer forecast and analysis here.
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