VOLUME
Sell
TREND
Hold
MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

SCWX Forecast and Technical Stock Analysis

Sell candidate since 2019-07-17

SecureWorks Corp fell by -0.60% in the last day ( Wednesday, 17th Jul 2019 ) from $13.23 to $13.15 During day the stock fluctuated 2.96% from a day low at $12.83 to a day high of $13.21. The price has risen in 7 of the last 10 days and is up by 6.65% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -28 902 shares and in total 100 221 shares bought and sold for approximately $1.32 million.

Quick summary:

  • 30 day high of the SCWX stock price was $14.45 and low was $11.95.
  • 90 day high was $19.58 and low was $11.95.
  • 52 week high for the SecureWorks Corp - $24.91 and low - $10.58.
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Trend

SecureWorks Corp has broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $13.13, a level that may pose a second chance to hit a runner. According to fan-theory $16.70 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

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 $13.48. On a fall, the stock will find some support from the short-term average at $12.99. 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. A sales signal was issued from a pivot top point on Tuesday July 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 54 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

SecureWorks Corp finds support from accumulated volume at $12.91.

Support: $12.91 Price: $13.15 Resistance: $14.24

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.38 between high and low, or 2.96%. For the last week the stock has had a daily average volatility of 3.19%.

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

3.19 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

SecureWorks Corp 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 recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.

Stronger Sell Today SCWX ranks #4738 as SELL CANDIDATE #4738 Weaker Sell

Will SCWX stock price go up or down on Fri, 19 Jul 2019?

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