SolarWinds Corp. Stock Forecast
SolarWinds Corp. stock upgraded from Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Mar 27, 2024)
The SolarWinds Corp. stock price gained 0.244% on the last trading day (Wednesday, 27th Mar 2024), rising from $12.29 to $12.32. During the last trading day the stock fluctuated 1.93% from a day low at $12.18 to a day high of $12.41. The price has risen in 6 of the last 10 days and is up by 0.33% over the past 2 weeks. Volume fell on the last day by -263 thousand shares and in total, 374 thousand shares were bought and sold for approximately $4.60 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.51% during the next 3 months and, with a 90% probability hold a price between $12.29 and $13.99 at the end of this 3-month period.
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SWI Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it 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. The SolarWinds Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $12.45 and $12.35. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -3.45%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, March 18, 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.
Golden Star
The stock had a Golden Star Signal on Monday, March 18, 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 SolarWinds Corp. stock
SolarWinds Corp. finds support from accumulated volume at $12.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $0.235 (1.93%) between high and low. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: $11.75 (-4.60%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (SWI) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect SolarWinds Corp. to open at $12.30, and during the day (based on 14 day Average True Range), to move between $12.02 and $12.62, which gives a possible trading interval of +/-$0.301 (+/-2.44%) up or down from last closing price. If SolarWinds Corp. takes out the full calculated possible swing range there will be an estimated 4.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $12.39 (0.57%) than the support at $12.12 (1.62%), 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 SolarWinds Corp. stock A Buy?
SolarWinds Corp. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.270 Hold/Accumulate Upgraded
Predicted Opening Price for SolarWinds Corp. of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$12.30 ( 0.149%) | $12.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWI
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 12.54 | 1.76 % | |
R2 | 12.45 | 1.03 % | ||
R1 | 12.39 | 0.580 % | ||
Current price: | 12.32 | |||
Support | S1 | 12.21 | -0.88 % | |
S2 | 12.16 | -1.33 % | ||
S3 | 12.07 | -2.06 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.27 | 7.71 % | |
R2 | 13.18 | 6.98 % | ||
R1 | 12.39 | 0.568 % | ||
Current price | 12.32 | |||
Support | S1 | 12.12 | -1.62% | |
S2 | 11.99 | -2.68% | ||
S3 | 11.87 | -3.65% |
SWI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 02, 2024 | Apr 02, 2024 | Apr 03, 2024 | $1.00 | 8.12% |
2 | Jul 30, 2021 | Aug 06, 2021 | Aug 24, 2021 | $1.50 | 8.39% |
FAQ
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