SecureWorks Corp Forecast and Stock Analysis
Technical SCWX stock analysis for April 22, 2019.
SecureWorks Corp gained 2.55% in the last trading day, rising from $18.44 to $18.91 The price has fallen in 6 of the last 10 days , but is still up by 5.35% over the past 2 weeks. Volume fell in the last day by -1 178 671 shares, and in total, 161 809 shares bought and sold for approximately $3.06 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Monday, 22nd Apr 2019) of the SCWX stock was $18.91. This is 2.55% more than the trading day before Thursday, 18th Apr 2019.
During day the stock fluctuated 3.59% from a day low at $18.34 to a day high of $19.00.
30 day high of the SCWX stock price was $20.62 and low was $16.65.
90 day high was $24.91 and low was $15.95.
52 week high for the SecureWorks Corp - $24.91 and low - $10.12.
SecureWorks Corp 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 -14.14% during the next 3 months and, with 90% probability hold a price between $14.34 and $18.49 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday April 18, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. SecureWorks Corp holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $18.91. On a fall, the stock will find some support from the short-term average at $18.68. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 51 and the stock is currently not being overbought or oversold
Support & Resistance
SecureWorks Corp finds support from accumulated volume at $18.44.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.66 between high and low, or 3.59%. For the last week, the stock has had a daily average volatility of 5.30%.
Our recommended stoploss: $17.97 (-4.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
Very Low Low Medium High Very High
SecureWorks Corp holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.
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|SCWX $18.91 ($0.47 2.55%)|
SCWX is up $0.47 today, but where's it headed in 2019?
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