SEMrush Holdings, Inc. Stock Forecast
SEMrush Holdings, Inc. stock price down 2.32% on Monday
(Updated on Jun 17, 2024)
The SEMrush Holdings, Inc. stock price fell by -2.32% on the last day (Monday, 17th Jun 2024) from $13.77 to $13.45. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 3.66% from a day low at $13.38 to a day high of $13.87. The price has fallen in 8 of the last 10 days and is down by -10.99% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -389 thousand shares and in total, 453 thousand shares were bought and sold for approximately $6.10 million.
Given the current short-term trend, the stock is expected to rise 27.71% during the next 3 months and, with a 90% probability hold a price between $17.18 and $21.97 at the end of this 3-month period.
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SEMR Signals & Forecast
There are few to no technical positive signals at the moment. The SEMrush Holdings, Inc. 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 $14.30 and $14.79. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -16.98%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SEMrush Holdings, Inc. stock
SEMrush Holdings, Inc. finds support from accumulated volume at $13.25 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 $0.490 between high and low, or 3.66%. For the last week, the stock has had daily average volatility of 4.12%.
SEMrush Holdings, Inc. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SEMR) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect SEMrush Holdings, Inc. to open at $13.57, and during the day (based on 14 day Average True Range), to move between $12.89 and $14.01, which gives a possible trading interval of +/-$0.556 (+/-4.14%) up or down from last closing price. If SEMrush Holdings, Inc. takes out the full calculated possible swing range there will be an estimated 8.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.25 (1.49%) than the resistance at $14.65 (8.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SEMrush Holdings, Inc. stock A Buy?
The SEMrush Holdings, Inc. stock holds several negative signals and despite the positive trend, we believe SEMrush Holdings, Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.368 Sell Candidate Unchanged
Predicted Opening Price for SEMrush Holdings, Inc. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| $13.57 ( 0.87%) | $13.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEMR
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.06 | 4.51% |
| R2 | 13.87 | 3.12% |
| R1 | 13.75 | 2.26% |
| Price | 13.45 | |
| S1 | 13.38 | -0.524% |
| S2 | 13.26 | -1.38% |
| S3 | 13.08 | -2.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.74 | 17.03% |
| R2 | 15.38 | 14.35% |
| R1 | 14.65 | 8.92% |
| Price | 13.45 | |
| S1 | 13.25 | -1.49% |
| S2 | 13.18 | -2.01% |
| S3 | 12.03 | -10.56% |
FAQ
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