SWK Holdings Corp Stock Forecast
SWK Holdings Corp stock upgraded to Buy Candidate.
(Updated on Apr 26, 2024)
The SWK Holdings Corp stock price gained 1.46% on the last trading day (Friday, 26th Apr 2024), rising from $17.10 to $17.35. During the last trading day the stock fluctuated 1.46% from a day low at $17.10 to a day high of $17.35. The price has risen in 7 of the last 10 days and is up by 1.58% over the past 2 weeks. Volume fell on the last day by -853 shares and in total, 4 thousand shares were bought and sold for approximately $66.10 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.93% during the next 3 months and, with a 90% probability hold a price between $16.83 and $18.71 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SWKH Signals & Forecast
The SWK Holdings Corp 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 $17.29 and $17.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 3.52%. Further rise is indicated until a new top pivot has been found. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SWK Holdings Corp stock
SWK Holdings Corp finds support from accumulated volume at $17.17 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0.250 between high and low, or 1.46%. For the last week the stock has had daily average volatility of 1.89%
Our recommended stop-loss: $16.44 (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (SWKH) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect SWK Holdings Corp to open at $17.27, and during the day (based on 14 day Average True Range), to move between $16.95 and $17.75, which gives a possible trading interval of +/-$0.401 (+/-2.31%) up or down from last closing price. If SWK Holdings Corp takes out the full calculated possible swing range there will be an estimated 4.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $17.45 (0.58%) than the support at $17.17 (1.04%), 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 SWK Holdings Corp 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 SWK Holdings Corp 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: 1.988 Buy Candidate Upgraded
Predicted Opening Price for SWK Holdings Corp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $17.27 ( 0.480%) | $17.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWKH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.52 | 0.96 % | |
| R2 | 17.42 | 0.410 % | ||
| R1 | 17.36 | 0.0701 % | ||
| Current price: | 17.35 | |||
| Support | S1 | 17.17 | -1.03 % | |
| S2 | 17.11 | -1.37 % | ||
| S3 | 17.02 | -1.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.96 | 3.52 % | |
| R2 | 17.50 | 0.86 % | ||
| R1 | 17.45 | 0.576 % | ||
| Current price | 17.35 | |||
| Support | S1 | 17.17 | -1.04% | |
| S2 | 16.89 | -2.65% | ||
| S3 | 16.66 | -3.98% |
FAQ
Click here for our free guide on how to buy SWK Holdings Corp Stock.
