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$191.67 (-1.01%)

Volume: 871k

Closed: Dec 03, 2021

Hollow Logo Score: 1.092

CDW Corporation Stock Forecast

$191.67 (-1.01%)

Volume: 871k

Closed: Dec 03, 2021

Score Hollow Logo 1.092
Which way will CDW go? Request
Fri, Dec 03, 2021 Buy Candidate Upgraded
Stop-loss: $183.78 (-4.12%)
Key Stats
P/E Ratio 25.72
Beta 1.35
Trailing Dividend Rate 0.88% ($1.69)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 51 and the stock is currently not being overbought or oversold

CDW Corporation stock upgraded to Buy Candidate.
(Updated on Dec 03, 2021)


Buy candidate since 2021-12-03

The CDW Corporation stock price fell by -1.01% on the last day (Friday, 3rd Dec 2021) from $193.62 to $191.67. During the day the stock fluctuated 2.57% from a day low at $190.05 to a day high of $194.93. The price has been going up and down for this period, and there has been a -1.82% loss for the last 2 weeks. Volume has increased on the last day by 135 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, 871 thousand shares were bought and sold for approximately $166.87 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect CDW Corporation stock with a 90% probability to be traded between $174.66 and $200.58 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -4.06%. 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The CDW Corporation stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $192.17. On a fall, the stock will find some support from the long-term average at approximately $189.82. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss

CDW Corporation finds support from accumulated volume at $191.14 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 $4.88 (2.57%) between high and low. For the last week, the stock has had a daily average volatility of 3.80%.

Our recommended stop-loss: $183.78 (-4.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 6 days ago.)

Is CDW Corporation stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.092

Predicted Opening Price for CDW Corporation of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$192.22 $191.67 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

On Nov 04, 2021 "Raymond James" gave "$205.00 - $210.00" rating for CDW. The price target was set to $185.59+0.0%.

Volatility and Risk
Daily Average Volatility: 3.80 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.80 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $194.80
Price: $191.67
Support: $191.14

CDW Insider Trading Show all Trades

INSIDER POWER

1.402

Last 100 transactions
Buy: 289 120 | Sell: 206 196 (Shares)
Date Action Amount Person Type
Nov 18, 2021 Sell 3 400 Corley Christina M Employee Stock Option (Right to Buy)
Nov 18, 2021 Sell 3 400 Corley Christina M Common Stock, par value $0.01
Nov 18, 2021 Buy 3 400 Corley Christina M Common Stock, par value $0.01
Oct 18, 2021 Sell 3 400 Corley Christina M Employee Stock Option (Right to Buy)
Oct 18, 2021 Sell 3 400 Corley Christina M Common Stock, par value $0.01
Show all Insider Trades
INSIDER POWER

1.402

Last 100 transactions
Buy: 289 120 | Sell: 206 196 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 197.10 2.83 %
195.23 1.86 %
194.08 1.26 %
Current price: 191.67
Support 190.35 -0.69 %
189.20 -1.29 %
187.34 -2.26 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 195.09 1.78 %
194.98 1.73 %
194.80 1.63 %
Current price 191.67
Support 191.14 -0.28%
189.36 -1.21%
186.23 -2.84%

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About CDW Corporation

CDW CDW Corporation distributes information technology (IT) solutions in North America and the United Kingdom. It operates in two segments, Corporate and Public. The company offers discrete hardware and software products, as well as integrated IT solutions, including mobility, security, data center optimization, cloud computing, virtualization, and collaboration. Its hardware products comprise notebooks/mobile devices, network communications, enterpr... Read more

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