RSI low/high Values: [ 25 - 75 ]
* uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CDW
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CDW Corporation stock price down 0.552% on Friday
(Updated on Sep 29, 2023)

Sell candidate since Sep 22, 2023 Loss -1.94% PDF

The CDW Corporation stock price fell by -0.552% on the last day (Friday, 29th Sep 2023) from $202.88 to $201.76. During the last trading day the stock fluctuated 1.54% from a day low at $200.62 to a day high of $203.71. The price has fallen in 7 of the last 10 days and is down by -3.83% for this period. Volume has increased on the last day by 8 thousand 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, 771 thousand shares were bought and sold for approximately $155.56 million.

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The stock lies in the lower part of a 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 $199.59 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 14.44% during the next 3 months and, with a 90% probability hold a price between $228.40 and $252.28 at the end of this 3-month period.

CDW Signals & Forecast

There are few to no technical positive signals at the moment. The CDW Corporation 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 $203.33 and $206.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, September 06, 2023, and so far it has fallen -5.40%. 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.

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Support, Risk & Stop-loss for CDW Corporation stock

CDW Corporation finds support from accumulated volume at $197.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.09 (1.54%) between high and low. For the last week, the stock has had daily average volatility of 1.87%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CDW) For The Upcoming Trading Day Of Monday 2nd

For the upcoming trading day on Monday, 2nd we expect CDW Corporation to open at $202.03, and during the day (based on 14 day Average True Range), to move between $198.29 and $205.23, which gives a possible trading interval of +/-$3.47 (+/-1.72%) up or down from last closing price. If CDW Corporation takes out the full calculated possible swing range there will be an estimated 3.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $202.88 (0.56%) than the support at $197.00 (2.36%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is CDW Corporation stock A Buy?

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

Current score: -3.148 Open Broker Account

Sell Candidate Unchanged

Predicted Opening Price for CDW Corporation of Monday, October 2, 2023

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price October 2, 2023 Current price
$202.03 $201.76 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 205.12 1.67 %
R2 203.94 1.08 %
R1 203.21 0.719 %
Current price: 201.76
Support S1 200.85 -0.451 %
S2 200.12 -0.81 %
S3 198.94 -1.40 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 212.90 5.52 %
R2 207.00 2.60 %
R1 202.88 0.555 %
Current price 201.76
Support S1 197.00 -2.36%
S2 187.33 -7.15%
S3 187.07 -7.28%


What is the symbol for CDW Corporation Stock and on which exchange is it traded?
The symbol for CDW Corporation is CDW and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell CDW Corporation Stock?
The CDW Corporation stock holds several negative signals and despite the positive trend, we believe CDW Corporation will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy CDW Corporation Stock?
CDW Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CDW Corporation Stock.

What's the current price of CDW Corporation Stock?
As of the end of day on the 2023-09-29, the price of an CDW Corporation (CDW) share was $201.76.

What is the 52-week high and low for CDW Corporation Stock?
The 52-week high for CDW Corporation Stock is $215.70 and the 52-week low is $147.91.

What is the market capitalization of CDW Corporation Stock?
As of the 2023-09-29, the market capitalization of CDW Corporation is 27.196B.

When is the next earnings date for CDW Corporation?
The upcoming earnings date for CDW Corporation is 2023-10-31 00:00:00.

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About CDW Corporation

CDW CDW Corporation provides information technology (IT) solutions in the United States, the United Kingdom, and Canada. It operates through three segments: Corporate, Small Business, and Public. The company offers discrete hardware and software products and services, as well as integrated IT solutions, including on-premise, hybrid, and cloud capabilities across data center and networking, digital workspace, and security. Its hardware products compri... CDW Profile

Top Fintech Company featured in The Global Fintech Index 2020 as the top Fintech company of the country.

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