Stronger technical forecast for support.com stock price after Thursday trading.
(Updated on September 16, 2021)
Hold candidate since 2021-09-16 PDF
No changes to the price of support.com stock on the last trading day (Thursday, 16th Sep 2021). During the day the stock fluctuated 0% from a day low at $11.80 to a day high of $11.80. The price has fallen in 6 of the last 10 days and is down by -51.04% for this period.
Given the current short-term trend, the stock is expected to rise 96.98% during the next 3 months and, with a 90% probability hold a price between $23.24 and $79.10 at the end of this 3-month period.
Signals & Forecast
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The support.com stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $17.81 and $14.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, August 30, 2021, and so far it has fallen -67.57%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 months Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss
support.com finds support from accumulated volume at $11.67 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0 between high and low, or 0%. For the last week, the stock has had a daily average volatility of 21.68%.
Our recommended stop-loss: $11.08 (-6.14%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 12 days ago.)
Is support.com stock A Buy?
support.com holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000
NB: Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for support.com of Friday, September 17, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price September 17, 2021||Current price|
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