2U Stock Forecast
Volatile ride for 2U stock price on Monday moving between $0.240 and $0.267
(Updated on Apr 22, 2024)
The 2U stock price gained 0.524% on the last trading day (Monday, 22nd Apr 2024), rising from $0.248 to $0.249. During the last trading day the stock fluctuated 10.98% from a day low at $0.240 to a day high of $0.267. The price has fallen in 7 of the last 10 days and is down by -29.79% for this period. Volume fell on the last day by -319 thousand shares and in total, 2 million shares were bought and sold for approximately $537.15 thousand. 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 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 -53.45% during the next 3 months and, with a 90% probability hold a price between $0.0549 and $0.258 at the end of this 3-month period.
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TWOU Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.524%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The 2U 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 $0.286 and $0.360. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for 2U stock
2U finds support from accumulated volume at $0.248 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0264 between high and low, or 10.98%. For the last week the stock has had daily average volatility of 15.18%.
2U is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TWOU) For The Upcoming Trading Day Of Tuesday 23rd
For the upcoming trading day on Tuesday, 23rd we expect 2U to open at $0.252, and during the day (based on 14 day Average True Range), to move between $0.207 and $0.292, which gives a possible trading interval of +/-$0.0426 (+/-17.08%) up or down from last closing price. If 2U takes out the full calculated possible swing range there will be an estimated 34.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.248 (0.52%) than the resistance at $0.270 (8.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
2U will release earnings BMO on Wednesday, April 24, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.340. We will update the financials statements for 2U, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.87% in the first trading day after earnings release.
Is 2U stock A Buy?
2U holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.550 Sell Candidate Upgraded
Predicted Opening Price for 2U of Tuesday, April 23, 2024
| Fair opening price April 23, 2024 | Current price |
|---|---|
| $0.252 ( 1.15%) | $0.249 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TWOU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.279 | 11.74 % | |
| R2 | 0.268 | 7.69 % | ||
| R1 | 0.262 | 5.20 % | ||
| Current price: | 0.249 | |||
| Support | S1 | 0.242 | -2.90 % | |
| S2 | 0.236 | -5.39 % | ||
| S3 | 0.226 | -9.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.312 | 24.95 % | |
| R2 | 0.295 | 18.49 % | ||
| R1 | 0.270 | 8.30 % | ||
| Current price | 0.249 | |||
| Support | S1 | 0.248 | -0.521% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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