-4.07% Move Highlights bearish Momentum in SMCI Stock on Dec 30, 2024
Date: Dec 30, 2024 (Monday)
open : $31.26
close : $30.68
low : $30.12
high : $31.49
previous close: $31.98
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On Dec 30, 2024 (Monday), SUPER MICRO COMPUTER, INC. (SMCI) in the technology sector showed bearish momentum of -4.07% w.r.t previous day's close. The stock belongs to the computer hardware industry within the technology sector.
At the opening bell, the stock started with a a gap down at $31.26, compared to the previous close of $31.98 (a gap down of -2.25%).
The stock hit a high of $31.49 and a low of $30.12, creating a trading range of $1.37. The price movement for the day was -1.86% lower than the opening price.
During the day's session, the SUPER MICRO COMPUTER, INC. experienced a substantial drop in trading activity, trading 31,746,689 shares, which is 59.65% lower than the average of 78,683,134 shares, like a sharp decrease in volume compared to its usual levels. This decline indicates reduced market participation or a lack of significant news to drive interest.
The stock showed moderate volatility (4.47%) with movement between $30.12 and $31.49.
If we look at the last month's 1D chart, the stock has been in a downtrend, and today's close < open forms a bearish candle, reinforcing the trend and signaling strong selling pressure as bearish sentiment persists.
Disclaimer: This analysis is provided solely for educational purposes and does not include any recommendations. For any financial decisions, it’s advised to consult with your financial advisor.