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RSI low/high Values: [ 25 - 75 ]
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AI Analysis of SMCI
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Red day on Friday for Super Micro Computer
(Updated on Apr 12, 2024)

Sell candidate since Apr 10, 2024 Loss -1.11% PDF

The Super Micro Computer stock price fell by -4.14% on the last day (Friday, 12th Apr 2024) from $937.28 to $898.49. During the last trading day the stock fluctuated 3.47% from a day low at $894.00 to a day high of $924.99. The price has fallen in 6 of the last 10 days and is down by -11.04% 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 -400 thousand shares and in total, 3 million shares were bought and sold for approximately $2.91 billion.

Given the current short-term trend, the stock is expected to rise 87.35% during the next 3 months and, with a 90% probability hold a price between $1,683.31 and $2,651.40 at the end of this 3-month period.

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SMCI Signals & Forecast

There are few to no technical positive signals at the moment. The Super Micro Computer 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 $926.15 and $994.14. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -24.37%. 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 Super Micro Computer stock

Super Micro Computer finds support from accumulated volume at $880.55 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 $30.99 between high and low, or 3.47%. For the last week, the stock has had daily average volatility of 5.39%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SMCI) For The Upcoming Trading Day Of Monday 15th

For the upcoming trading day on Monday, 15th we expect Super Micro Computer to open at $905.83, and during the day (based on 14 day Average True Range), to move between $825.46 and $971.52, which gives a possible trading interval of +/-$73.03 (+/-8.13%) up or down from last closing price. If Super Micro Computer takes out the full calculated possible swing range there will be an estimated 16.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $880.55 (2.00%) than the resistance at $975.52 (8.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Super Micro Computer stock A Buy?

The Super Micro Computer stock holds several negative signals and despite the positive trend, we believe Super Micro Computer will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.110 Sell Candidate Unchanged

Predicted Opening Price for Super Micro Computer of Monday, April 15, 2024

Fair opening price April 15, 2024 Current price
$905.83 ( 0.82%) $898.49

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

Trading levels for SMCI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 936.82 4.27 %
R2 924.98 2.95 %
R1 917.66 2.13 %
Current price: 898.49
Support S1 893.99 -0.501 %
S2 886.67 -1.32 %
S3 874.84 -2.63 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1,074.34 19.57 %
R2 1,004.00 11.74 %
R1 975.52 8.57 %
Current price 898.49
Support S1 880.55 -2.00%
S2 803.32 -10.59%
S3 787.57 -12.35%

FAQ

What is the symbol for Super Micro Computer Stock and on which exchange is it traded?
The symbol for Super Micro Computer is SMCI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Super Micro Computer Stock?
The Super Micro Computer stock holds several negative signals and despite the positive trend, we believe Super Micro Computer will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Super Micro Computer Stock?
Super Micro Computer Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Super Micro Computer Stock.

What's the current price of Super Micro Computer Stock?
As of the end of day on the 2024-04-12, the price of an Super Micro Computer (SMCI) share was $898.49.

What is the 52-week high and low for Super Micro Computer Stock?
The 52-week high for Super Micro Computer Stock is $1,229.00 and the 52-week low is $93.19.

What is the market capitalization of Super Micro Computer Stock?
As of the 2024-04-12, the market capitalization of Super Micro Computer is 52.607B.

When is the next earnings date for Super Micro Computer?
The upcoming earnings date for Super Micro Computer is May 07, 2024.
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About Super Micro Computer

Super Micro Computer Super Micro Computer, Inc., together with its subsidiaries, develops and manufactures high-performance server and storage solutions based on modular and open architecture. Its solutions range from complete server, storage, modular blade servers, blades, workstations, full racks, networking devices, server management software, and server sub-systems, as well as support and services. The company also provides application-optimized server solutions,... SMCI Profile

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