Weaker Buy Today TECD ranks #963 as BUY CANDIDATE #963 Stronger Buy

Tech Data Corporation stock forecast

TECD stock forecast

Wednesday June 19, 2019 Change 0.45% Price $100.81
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will TECD stock price go up or down on Thu, 20 Jun 2019?

Predict

Tech Data Corporation Forecast and Stock Analysis

Technical TECD stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-18 Gain 0.45%


Tech Data Corporation gained 0.45% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $100.36 to $100.81 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.70% from a day low at $99.65 to a day high of $101.34. The price has risen in 8 of the last 10 days and is up by 8.56% over the past 2 weeks. Volume fell in the last day by -49 395 shares, and in total, 262 620 shares bought and sold for approximately $26.47 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.

Quick summary:

  • 30 day high of the TECD stock price was $101.82 and low was $90.40.
  • 90 day high was $111.08 and low was $90.40.
  • 52 week high for the Tech Data Corporation - $111.08 and low - $66.93.

Trend

Tech Data Corporation lies the upper part of a wide and falling trend in the short term, and this will 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 $101.78 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.66% during the next 3 months and, with 90% probability hold a price between $79.00 and $91.95 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Tech Data Corporation holds buy signals from both short- and long-term moving averages. In addition, 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 $98.91 and $98.44. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday June 05, 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 57 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Tech Data Corporation finds support from accumulated volume at $98.45.

Support: $98.45 Price: $100.81 Resistance: $102.41

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.69 (1.70%) between high and low. For the last week, the stock has had a daily average volatility of 2.15%.

Our recommended stoploss: $96.77 (-4.01%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 10 days ago.)

2.15 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Buy Candidate Downgraded
Weaker Buy Today TECD ranks #963 as BUY CANDIDATE #963 Stronger Buy

Will TECD stock price go up or down on Thu, 20 Jun 2019?

Predict

Proudly made at

Rise Vilnius
in partnership with
Barclays Bank