DXC Technology Company Stock Forecast

DXC Technology Company stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)

DXC Signals & Forecast

The DXC Technology Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $20.30 and $20.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 7.41%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. The stock had a Golden Star Signal on Monday, April 08, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for DXC Technology Company stock

DXC Technology Company finds support from accumulated volume at $20.86 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 $0.350 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 2.63%.

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

Trading Expectations (DXC) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect DXC Technology Company to open at $21.11, and during the day (based on 14 day Average True Range), to move between $20.47 and $21.59, which gives a possible trading interval of +/-$0.564 (+/-2.68%) up or down from last closing price. If DXC Technology Company takes out the full calculated possible swing range there will be an estimated 5.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $20.86 (0.81%) than the resistance at $21.24 (1.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is DXC Technology Company stock A Buy?

DXC Technology Company holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.084 Sell Candidate Downgraded

Predicted Opening Price for DXC Technology Company of Thursday, April 25, 2024

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