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.
AI Analysis of CDW
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Weaker technical forecast for CDW Corporation as stock downgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Jan 10, 2024 Gain 16.12% PDF

The CDW Corporation stock price fell by -0.81% on the last day (Thursday, 28th Mar 2024) from $257.87 to $255.78. During the last trading day the stock fluctuated 1.48% from a day low at $255.60 to a day high of $259.38. The price has risen in 6 of the last 10 days and is up by 3.77% over the past 2 weeks. Volume has increased on the last day by 269 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, 772 thousand shares were bought and sold for approximately $197.41 million.

The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.32% during the next 3 months and, with a 90% probability hold a price between $296.12 and $305.89 at the end of this 3-month period.

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CDW Signals & Forecast

The CDW Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $254.70 and $247.10. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.81%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for CDW Corporation stock

CDW Corporation finds support from accumulated volume at $245.51 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $3.78 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 1.01%.

Our recommended stop-loss: $248.09 (-3.01%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (CDW) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect CDW Corporation to open at $256.92, and during the day (based on 14 day Average True Range), to move between $252.33 and $259.23, which gives a possible trading interval of +/-$3.45 (+/-1.35%) up or down from last closing price. If CDW Corporation takes out the full calculated possible swing range there will be an estimated 2.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $257.87 (0.82%) than the support at $245.51 (4.02%), 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?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CDW Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.584 Buy Candidate Downgraded

Predicted Opening Price for CDW Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$256.92 ( 0.446%) $255.78

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

Trading levels for CDW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 260.70 1.92 %
R2 259.26 1.36 %
R1 258.36 1.01 %
Current price: 255.78
Support S1 255.48 -0.119 %
S2 254.58 -0.468 %
S3 253.14 -1.03 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 257.87 0.82 %
Current price 255.78
Support S1 245.51 -4.02%
S2 237.60 -7.11%
S3 226.72 -11.36%

CDW Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 07, 2024 Feb 26, 2024 Mar 12, 2024 $0.620 0.248%
2 Feb 07, 2024 Feb 23, 2024 Mar 12, 2024 $0.620 0.248%
3 Nov 22, 2023 Nov 22, 2023 Dec 12, 2023 $0.620 0.285%
4 Aug 02, 2023 Aug 24, 2023 Sep 12, 2023 $0.590 0.282%
5 Aug 07, 2023 May 24, 2023 Jun 13, 2023 $0.590 0.336%

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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CDW Corporation stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy 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 2024-03-28, the price of an CDW Corporation (CDW) share was $255.78.

What is the 52-week high and low for CDW Corporation Stock?
The 52-week high for CDW Corporation Stock is $259.38 and the 52-week low is $160.66.

What is the market capitalization of CDW Corporation Stock?
As of the 2024-03-28, the market capitalization of CDW Corporation is 34.61B.

When is the next earnings date for CDW Corporation?
The upcoming earnings date for CDW Corporation is May 01, 2024.
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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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