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 SGH
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SMART Global Holdings Inc stock upgraded to Buy Candidate.
(Updated on Mar 27, 2024)

Buy or Hold candidate since Feb 29, 2024 Gain 24.49% PDF

The SMART Global Holdings Inc stock price fell by -1.56% on the last day (Wednesday, 27th Mar 2024) from $26.90 to $26.48. During the last trading day the stock fluctuated 4.09% from a day low at $26.08 to a day high of $27.15. The price has risen in 6 of the last 10 days and is up by 16.04% over the past 2 weeks. 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 -490 thousand shares and in total, 486 thousand shares were bought and sold for approximately $12.86 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 $26.99 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.57% during the next 3 months and, with a 90% probability hold a price between $27.59 and $33.89 at the end of this 3-month period.

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SGH 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 $25.67 and $22.69. 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 Tuesday, March 26, 2024, and so far it has fallen -1.56%. Further fall is indicated until a new bottom pivot has been found. 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 SMART Global Holdings Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at $22.62 and $22.16. 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, SMART Global Holdings Inc finds support just below today's level at $22.62. If this is broken, then the next support from accumulated volume will be at $22.16 and $20.38.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.07 between high and low, or 4.09%. For the last week, the stock has had daily average volatility of 3.71%.

Our recommended stop-loss: $25.34 (-4.31%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (SGH) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect SMART Global Holdings Inc to open at $26.57, and during the day (based on 14 day Average True Range), to move between $25.49 and $27.47, which gives a possible trading interval of +/-$0.99 (+/-3.73%) up or down from last closing price. If SMART Global Holdings Inc takes out the full calculated possible swing range there will be an estimated 7.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $26.90 (1.59%) than the support at $22.62 (14.58%), 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 SMART Global Holdings Inc 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 SMART Global Holdings Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.324 Buy Candidate Upgraded

Predicted Opening Price for SMART Global Holdings Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$26.57 ( 0.345%) $26.48

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

Trading levels for SGH

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 27.64 4.37 %
R2 27.23 2.83 %
R1 26.98 1.88 %
Current price: 26.48
Support S1 26.16 -1.19 %
S2 25.91 -2.14 %
S3 25.51 -3.68 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 26.90 1.59 %
Current price 26.48
Support S1 22.62 -14.58%
S2 22.16 -16.31%
S3 20.38 -23.04%

FAQ

What is the symbol for SMART Global Holdings Inc Stock and on which exchange is it traded?
The symbol for SMART Global Holdings Inc is SGH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell SMART Global Holdings Inc 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 SMART Global Holdings Inc stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy SMART Global Holdings Inc Stock?
SMART Global Holdings Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SMART Global Holdings Inc Stock.

What's the current price of SMART Global Holdings Inc Stock?
As of the end of day on the 2024-03-27, the price of an SMART Global Holdings Inc (SGH) share was $26.48.

What is the 52-week high and low for SMART Global Holdings Inc Stock?
The 52-week high for SMART Global Holdings Inc Stock is $29.99 and the 52-week low is $12.66.

What is the market capitalization of SMART Global Holdings Inc Stock?
As of the 2024-03-27, the market capitalization of SMART Global Holdings Inc is 1.394B.

When is the next earnings date for SMART Global Holdings Inc?
The upcoming earnings date for SMART Global Holdings Inc is Apr 02, 2024.
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About SMART Global Holdings Inc

SMART Global Holdings SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets in the United states, Brazil, China, Europe, and internationally. It operates through Memory Solutions, Intelligent Platforms Solutions, and LED Solutions segments. The company offers dynamic random access memory modules for desktops, notebooks, servers, and smartphones; embedded and removable flash memory products; and flash compon... SGH Profile

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