Scansource Stock Forecast

Buy or Hold candidate since May 07, 2026 Gain 30.45%

The ScanSource stock price gained 0.248% on the last trading day (Friday, 31st Jul 2026), rising from $56.48 to $56.62. During the last trading day the stock fluctuated 4.35% from a day low at $54.87 to a day high of $57.26. The price has risen in 6 of the last 10 days and is up by 3.34% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 57 thousand more shares were traded than the day before. In total, 229 thousand shares were bought and sold for approximately $12.97 million.

The stock lies in the middle of a 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 36.36% during the next 3 months and, with a 90% probability hold a price between $74.77 and $78.93 at the end of this 3-month period.

SCSC Signals & Forecast

The ScanSource 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 $56.02 and $52.60. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, July 29, 2026, and so far it has fallen -1.32%. 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).

Support, Risk & Stop-loss for ScanSource stock

On the downside, the stock finds support just below today's level from accumulated volume at $50.87 and $49.63. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ScanSource finds support just below today's level at $50.87. If this is broken, then the next support from accumulated volume will be at $49.63 and $43.40.

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 $2.39 between high and low, or 4.35%. For the last week, the stock has had daily average volatility of 3.45%.

Our recommended stop-loss: $54.24 (-4.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (SCSC) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect ScanSource to open at $56.25, and during the day (based on 14 day Average True Range), to move between $55.80 and $57.44, which gives a possible trading interval of +/-$1.63 (+/-2.93%) up or down from last closing price. If ScanSource takes out the full calculated possible swing range there will be an estimated 2.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $57.27 (1.15%) than the support at $50.87 (10.16%), 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 ScanSource 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 ScanSource stock to perform well in the short-term.

Current score: 3.199 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on August 3, 2026 - $56.25 ( 0.656%).

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