2U Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Big movements in 2U stock price on Wednesday moving 10.20% between high and low
(Updated on Apr 24, 2024)
The 2U stock price gained 4.17% on the last trading day (Wednesday, 24th Apr 2024), rising from $0.240 to $0.250. During the last trading day the stock fluctuated 10.20% from a day low at $0.231 to a day high of $0.254. The price has fallen in 7 of the last 10 days and is down by -28.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 6 million shares were bought and sold for approximately $1.38 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -51.17% during the next 3 months and, with a 90% probability hold a price between $0.0587 and $0.279 at the end of this 3-month period.
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TWOU Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 23, 2024, and so far it has risen 4.17%. Further rise is indicated until a new top pivot has been found. 2U has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The 2U 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 $0.262 and $0.350. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for 2U stock
2U finds support from accumulated volume at $0.249 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 $0.0235 between high and low, or 10.20%. For the last week, the stock has had daily average volatility of 11.35%.
2U is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TWOU) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect 2U to open at $0.245, and during the day (based on 14 day Average True Range), to move between $0.210 and $0.290, which gives a possible trading interval of +/-$0.0398 (+/-15.94%) up or down from last closing price. If 2U takes out the full calculated possible swing range there will be an estimated 31.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.249 (0.28%) than the resistance at $0.270 (8.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is 2U stock A Buy?
2U holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.908 Sell Candidate Upgraded
Predicted Opening Price for 2U of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $0.245 ( 2.07%) | $0.250 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWOU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.268 | 7.33 % | |
| R2 | 0.259 | 3.74 % | ||
| R1 | 0.254 | 1.52 % | ||
| Current price: | 0.250 | |||
| Support | S1 | 0.236 | -5.66 % | |
| S2 | 0.230 | -7.88 % | ||
| S3 | 0.221 | -11.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.312 | 24.60 % | |
| R2 | 0.295 | 18.16 % | ||
| R1 | 0.270 | 8.00 % | ||
| Current price | 0.250 | |||
| Support | S1 | 0.249 | -0.280% | |
| S2 | 0.248 | -0.80% | ||
| S3 | 0.240 | -4.00% |
FAQ
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