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SMART Global Holdings Inc Stock Forecast NASDAQ:SGH

$62.19 (7.04%)

Volume: 708k

Closed: Dec 07, 2021

Hollow Logo Score: 6.516

SMART Global Holdings Inc Stock Forecast

$62.19 (7.04%)

Volume: 708k

Closed: Dec 07, 2021

Score Hollow Logo 6.516
Which way will SGH go? Request
Stop-loss: $59.80 (-3.84%)
Earnings Date: Jan 03, 2022
Key Stats
P/E Ratio 33.23
Beta 1.81
* 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 58 and the stock is currently not being overbought or oversold

Strong day for SMART Global Holdings Inc stock price on Tuesday rising 7.04% to $62.19
(Updated on Dec 07, 2021)

Buy or Hold candidate since 2021-10-13 Gain 20.24%

The SMART Global Holdings Inc stock price gained 7.04% on the last trading day (Tuesday, 7th Dec 2021), rising from $58.10 to $62.19. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 4.78% from a day low at $59.89 to a day high of $62.75. The price has risen in 7 of the last 10 days and is up by 8.19% 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, 311 thousand more shares were traded than the day before. In total, 708 thousand shares were bought and sold for approximately $44.01 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $63.86 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 32.07% during the next 3 months and, with a 90% probability hold a price between $71.26 and $84.34 at the end of this 3-month period.

Signals & Forecast

The SMART Global Holdings Inc 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 $58.64 and $56.48. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, November 30, 2021, and so far it has risen 9.07%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $53.90 and $51.72. There is 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, SMART Global Holdings Inc finds support just below today's level at $53.90. If this is broken, then the next support from accumulated volume will be at $51.72 and $48.78.

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 $2.86 between high and low, or 4.78%. For the last week the stock has had a daily average volatility of 6.50%.

Our recommended stop-loss: $59.80 (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Is SMART Global Holdings Inc stock A Buy?

SMART Global Holdings Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 6.516

Predicted Opening Price for SMART Global Holdings Inc of Wednesday, December 8, 2021

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

Fair opening price December 8, 2021 Current price
$61.61 $62.19 (Overvalued)
Strong Buy Candidate Upgraded

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Analyst Ratings

On Oct 13, 2021 "Needham & Company LLC" gave "$75.00 - $85.00" rating for SGH. The price target was set to $43.81+0.8%.

Volatility and Risk
Daily Average Volatility: 6.50 %
Overall Risk: Very High High Medium Low Very Low
6.50 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

No Resistance Found
Price: $62.19
Support: $53.90

SGH Insider Trading Show all Trades



Last 100 transactions
Buy: 270 032 | Sell: 7 401 776 (Shares)
Date Action Amount Person Type
Nov 01, 2021 Sell 20 478 Shah Ajay Ordinary Shares
Oct 29, 2021 Sell 4 522 Shah Ajay Ordinary Shares
Oct 28, 2021 Sell 10 229 Shah Ajay Ordinary Shares
Oct 27, 2021 Sell 46 588 Shah Ajay Ordinary Shares
Oct 26, 2021 Sell 43 183 Shah Ajay Ordinary Shares
Show all Insider Trades


Last 100 transactions
Buy: 270 032 | Sell: 7 401 776 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 64.47 3.67 %
63.38 1.91 %
62.70 0.82 %
Current price: 62.19
Support 60.52 -2.69 %
59.84 -3.77 %
58.75 -5.53 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
0 .
Current price 62.19
Support 53.90 -13.33%
51.72 -16.84%
48.78 -21.56%

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