Sohu.com Inc. Stock Forecast
Sohu.com Inc. stock price ended at $11.56 on Wednesday, after gaining 0.173%.
(Updated on May 01, 2024)
The Sohu.com Inc. stock price gained 0.173% on the last trading day (Wednesday, 1st May 2024), rising from $11.54 to $11.56. During the last trading day the stock fluctuated 1.57% from a day low at $11.50 to a day high of $11.68. The price has risen in 6 of the last 10 days and is up by 5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately $228.16 thousand.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $11.66 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 26.22% during the next 3 months and, with a 90% probability hold a price between $13.46 and $14.72 at the end of this 3-month period.
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SOHU Signals & Forecast
The Sohu.com Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $11.40 and $10.86. A breakdown below any of these levels will issue sell signals. Sohu.com Inc. 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. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.173%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sohu.com Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $9.91 and $9.83. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sohu.com Inc. finds support just below today's level at $9.91. If this is broken, then the next support from accumulated volume will be at $9.83 and $9.59.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.180 (1.57%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: $11.09 (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SOHU) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Sohu.com Inc. to open at $11.58, and during the day (based on 14 day Average True Range), to move between $11.25 and $11.87, which gives a possible trading interval of +/-$0.313 (+/-2.71%) up or down from last closing price. If Sohu.com Inc. takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.58 (0.17%) than the support at $9.91 (14.27%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Sohu.com Inc. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sohu.com Inc. stock to perform well in the short-term.
Current score: 1.669 Buy Candidate Unchanged
Predicted Opening Price for Sohu.com Inc. of Thursday, May 2, 2024
Fair opening price May 2, 2024 | Current price |
---|---|
$11.58 ( 0.173%) | $11.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOHU
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.76 | 1.73 % | |
R2 | 11.69 | 1.14 % | ||
R1 | 11.65 | 0.768 % | ||
Current price: | 11.56 | |||
Support | S1 | 11.51 | -0.422 % | |
S2 | 11.47 | -0.789 % | ||
S3 | 11.40 | -1.38 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 11.58 | 0.173 % | ||
Current price | 11.56 | |||
Support | S1 | 9.91 | -14.27% | |
S2 | 9.83 | -14.97% | ||
S3 | 9.59 | -17.04% |
FAQ
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