$191.71 (0.319%)

Volume: 580.517k

Closed: Mar 24, 2023

Hollow Logo Score: -1.956
CDW Corporation Stock
$191.71 (0.319%)

Volume: 580.517k

Closed: Mar 24, 2023

Score Hollow Logo -1.956
NASDAQ:CDW

CDW Corporation Stock Forecast

Updated Fri, Mar 24, 2023
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.


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Evaluation of CDW Corporation stock downgraded after the last trading session.
(Updated on Mar 24, 2023)


Sell candidate since 2023-03-24 PDF

The CDW Corporation stock price gained 0.319% on the last trading day (Friday, 24th Mar 2023), rising from $191.10 to $191.71. During the last trading day the stock fluctuated 2.21% from a day low at $187.57 to a day high of $191.71. The price has risen in 6 of the last 10 days and is up by 0.65% over the past 2 weeks. Volume fell on the last day by -109 thousand shares and in total, 581 thousand shares were bought and sold for approximately $111.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $189.07 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 5.93% during the next 3 months and, with a 90% probability hold a price between $200.29 and $232.38 at the end of this 3-month period.

CDW Signals & Forecast

There are mixed signals in the stock today. The CDW Corporation 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 $199.86. On a fall, the stock will find some support from the short-term average at $191.58. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, March 17, 2023, and so far it has risen 1.95%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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Support, Risk & Stop-loss for CDW Corporation stock

CDW Corporation finds support from accumulated volume at $191.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $4.14 between high and low, or 2.21%. For the last week, the stock has had daily average volatility of 2.04%.

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 27th

For the upcoming trading day on Monday, 27th we expect CDW Corporation to open at $190.33, and during the day (based on 14 day Average True Range), to move between $187.24 and $196.18, which gives a possible trading interval of +/-$4.47 (+/-2.33%) up or down from last closing price. If CDW Corporation takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $191.30 (0.21%) than the resistance at $201.66 (5.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CDW Corporation stock A Buy?

CDW Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.956 Open Broker Account

Sell Candidate Downgraded

Predicted Opening Price for CDW Corporation of Monday, March 27, 2023

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

Fair opening price March 27, 2023 Current price
$190.33 $191.71 (Overvalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 194.47 1.44 %
R2 192.89 0.615 %
R1 191.91 0.105 %
Current price: 191.71
Support S1 188.75 -1.54 %
S2 187.77 -2.05 %
S3 186.19 -2.88 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 211.20 10.17 %
R2 203.36 6.08 %
R1 201.66 5.19 %
Current price 191.71
Support S1 191.30 -0.214%
S2 188.65 -1.60%
S3 188.05 -1.91%

FAQ

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?
CDW Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

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 2023-03-24, the price of an CDW Corporation (CDW) share was $191.71.

What is the 52-week high and low for CDW Corporation Stock?
The 52-week high for CDW Corporation Stock is $215.00 and the 52-week low is $147.91.

What is the market capitalization of CDW Corporation Stock?
As of the 2023-03-24, the market capitalization of CDW Corporation is 26.17B.

When is the next earnings date for CDW Corporation?
The upcoming earnings date for CDW Corporation is 2023-05-03 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

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