2U Forecast and Stock Analysis
Technical TWOU stock analysis for March 21, 2019.
2U gained 2.52% in the last trading day, rising from $67.51 to $69.21 The price has fallen in 7 of the last 10 days , but is still up by 2.15% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 102 791 more shares were traded than the day before. In total, 595 918 shares bought and sold for approximately $41.24 million.
Close price at the end of the last trading day (Thursday, 21st Mar 2019) of the TWOU stock was $69.21. This is 2.52% more than the trading day before Wednesday, 20th Mar 2019.
During day the stock fluctuated 3.78% from a day low at $67.18 to a day high of $69.72.
30 day high of the TWOU stock price was $80.49 and low was $66.04.
90 day high was $80.49 and low was $44.50.
52 week high for the 2U - $98.58 and low - $44.50.
2U lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $67.95 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 46.11% during the next 3 months and, with 90% probability hold a price between $99.28 and $119.09 at the end of this period.
Only positive signals in the chart today. 2U 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 $68.72 and $67.01. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 20, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 32 and the stock is currently not being overbought or oversold
Support & Resistance
2U finds support from accumulated volume at $68.64.
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 $2.54 (3.78%) between high and low. For the last week, the stock has had a daily average volatility of 2.70%.
Our recommended stoploss: $65.20 (-5.79%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
2U holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.