RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SCWX
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SecureWorks Corp stock upgraded from Strong Sell Candidate to Sell Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Sell candidate since Mar 18, 2024 Loss -2.46% PDF

The SecureWorks Corp stock price gained 2.06% on the last trading day (Wednesday, 27th Mar 2024), rising from $5.83 to $5.95. During the last trading day the stock fluctuated 5.31% from a day low at $5.65 to a day high of $5.95. The price has risen in 5 of the last 10 days but is still down by -1% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 53 thousand shares were bought and sold for approximately $312.58 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $5.81 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.40% during the next 3 months and, with a 90% probability hold a price between $5.09 and $6.41 at the end of this 3-month period.

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SCWX Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 2.06%. Further rise is indicated until a new top pivot has been found. SecureWorks Corp 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 SecureWorks Corp 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 $6.05 and $6.55. 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 SecureWorks Corp stock

SecureWorks Corp finds support from accumulated volume at $5.83 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 $0.300 between high and low, or 5.31%. For the last week, the stock has had daily average volatility of 5.10%.

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

Trading Expectations (SCWX) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect SecureWorks Corp to open at $5.85, and during the day (based on 14 day Average True Range), to move between $5.61 and $6.29, which gives a possible trading interval of +/-$0.342 (+/-5.75%) up or down from last closing price. If SecureWorks Corp takes out the full calculated possible swing range there will be an estimated 11.49% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $5.83 (2.02%) than the resistance at $6.36 (6.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SecureWorks Corp stock A Buy?

SecureWorks Corp 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: -1.513 Sell Candidate Upgraded

Predicted Opening Price for SecureWorks Corp of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$5.85 ( 1.68%) $5.95

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

Trading levels for SCWX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 6.15 3.36 %
R2 6.04 1.44 %
R1 5.96 0.245 %
Current price: 5.95
Support S1 5.74 -3.61 %
S2 5.66 -4.80 %
S3 5.55 -6.72 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 7.38 24.03 %
R2 6.60 10.92 %
R1 6.36 6.89 %
Current price 5.95
Support S1 5.83 -2.02%
S2 0 .
S3 0 .

FAQ

What is the symbol for SecureWorks Corp Stock and on which exchange is it traded?
The symbol for SecureWorks Corp is SCWX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell SecureWorks Corp Stock?
SecureWorks Corp 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.

How to buy SecureWorks Corp Stock?
SecureWorks Corp Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy SecureWorks Corp Stock.

What's the current price of SecureWorks Corp Stock?
As of the end of day on the 2024-03-27, the price of an SecureWorks Corp (SCWX) share was $5.95.

What is the 52-week high and low for SecureWorks Corp Stock?
The 52-week high for SecureWorks Corp Stock is $10.06 and the 52-week low is $5.40.

What is the market capitalization of SecureWorks Corp Stock?
As of the 2024-03-27, the market capitalization of SecureWorks Corp is 503.301M.

When is the next earnings date for SecureWorks Corp?
The upcoming earnings date for SecureWorks Corp is Jun 13, 2024.
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About SecureWorks Corp

SecureWorks SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions, managed security services, and professional services, including incident response and security risk consulting services. Its solutions enable organizations to prevent security breaches, detect malicious activity... SCWX Profile

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