Twilio Stock Forecast
Twilio stock upgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)
The Twilio stock price gained 0.229% on the last trading day (Thursday, 28th Mar 2024), rising from $61.01 to $61.15. During the last trading day the stock fluctuated 1.09% from a day low at $60.81 to a day high of $61.47. The price has risen in 7 of the last 10 days and is up by 0.43% 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, 3 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $312.44 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.46% during the next 3 months and, with a 90% probability hold a price between $39.15 and $51.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TWLO Signals & Forecast
There are mixed signals in the stock today. The Twilio 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 $61.45 and $61.57. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Wednesday, February 21, 2024, and so far it has risen 8.71%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Twilio stock
Twilio finds support from accumulated volume at $58.59 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 $0.660 (1.09%) between high and low. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: $58.07 (-5.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (TWLO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Twilio Inc to open at $61.14, and during the day (based on 14 day Average True Range), to move between $59.40 and $62.90, which gives a possible trading interval of +/-$1.75 (+/-2.86%) up or down from last closing price. If Twilio Inc takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $61.16 (0.02%) than the support at $58.59 (4.19%), 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 Twilio Inc stock A Buy?
Twilio holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.764 Hold/Accumulate Upgraded
Predicted Opening Price for Twilio Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$61.14 ( 0.0108%) | $61.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWLO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 61.80 | 1.07 % | |
R2 | 61.55 | 0.656 % | ||
R1 | 61.40 | 0.401 % | ||
Current price: | 61.15 | |||
Support | S1 | 60.89 | -0.423 % | |
S2 | 60.74 | -0.678 % | ||
S3 | 60.48 | -1.09 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 73.64 | 20.43 % | |
R2 | 72.27 | 18.18 % | ||
R1 | 61.16 | 0.0164 % | ||
Current price | 61.15 | |||
Support | S1 | 58.59 | -4.19% | |
S2 | 56.68 | -7.31% | ||
S3 | 56.66 | -7.34% |
FAQ
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