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Liable for your own investment decisions and agree to the Users should not base their investment decision upon. is a research service that provides financial data and technical analysis of publicly traded stocks.Īll users should speak with their financial advisor before buying or selling any securities. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate. 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 Sprout Social, Inc. Our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance. Since the stock is closer to the support from accumulated volume at $58.91 (1.69%)
#Sprout social stock full#
takes out the full calculated possible swing range there will be an estimated 12.86% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$3.85 (+/-6.43%) up or down from last closing price. to open at $60.64, and during day (based on 14 day Average True Range), Trading Expectations For The Upcoming Trading Day Of Wednesday 24thįor the upcoming trading day on Wednesday 24th we expect Sprout Social, Inc. There is a sell signal from a pivot top found 41 days ago.) (This stock has high daily movements and this gives high risk. For the last week, the stock has had a daily average volatility of 4.04%. During the last day, the stock moved $2.50 between high and low, or 4.18%. This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". finds support from accumulated volume at $58.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Further fall is indicated until a new bottom pivot has been found.
A sell signal was issued from a pivot top point on Friday, June 24, 2022, and so far it has fallen -13.95%. Some negative signals were issued as well, and these may have some influence on the near short-term development. This causes a divergence between volume and price and it may be an early warning. Volume fell during the last trading day despite gaining prices. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
On a fall, the stock will find some support from the long-term average at approximately $58.98. On further gains, the stock will meet resistance from the short-term moving average at approximately $61.85. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. stock holds a sell signal from the short-term moving average at the same time, however, there is a buy signal from the long-term average.