Tech Data Corporation Stock Analysis
Technical stock analysis for 22 January 2019
Tech Data Corporation fell by -1.63% in the last day from $93.23 to $91.71 The price has risen in 6 of the last 10 days and is up by 6.33% over the past 2 weeks. Volume has increased in the last day by 51 654 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 332 865 shares bought and sold for approximately $30.53 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the TECD stock was $91.71. This is 1.63% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 3.34% from a day low at $90.89 to a day high of $93.93.
30 day high of the TECD stock price was $94.43 and low was $74.16.
90 day high was $94.43 and low was $66.93.
52 week high for the Tech Data Corporation - $108.62 and low - $66.93.
Tech Data Corporation lies in the middle of a wide and strong 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 25.95% during the next 3 months and, with 90% probability hold a price between $102.73 and $127.77 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Friday January 18, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Tech Data Corporation holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $91.97. On a fall, the stock will find some support from the long-term average at approximately $85.61. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
Relative Strength Index (RSI)
The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Tech Data Corporation finds support from accumulated volume at $89.95.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.04 between high and low, or 3.34%. For the last week, the stock has had a daily average volatility of 2.52%.
Our recommended stoploss: $88.18 (-3.85%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)
Very Low Low Medium High Very High
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 this stock to perform well in the short-term.
|TECD $91.71 $-1.52(-1.63%)|
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