Stock returns

Shares of US-based high-growth software services company Splunk (SPLK) have lost considerable value this month. The stock is down over 13.6% in May and has wiped out the significant gains it made in the first four months of this year. Despite the recent pullback, Splunk stock has gained 13.8% since the start of 2019. Splunk stock is currently trading at $119.3, which is 17% below its 52-week high of $143.7.

In the last three years, Splunk stock has outperformed its peers and the global indexes. Splunk stock has risen at a compound annual growth rate of 27% in the last three years and has gained 20.2% annually in the last five years.

Splunk Stock Has Lost Close to 14% in May

Technical analysis

On May 24, Splunk closed the trading day at $119.3. Based on that price, the stock was trading as follows:

  • 7% below its 100-day moving average of $127.82
  • 9% below its 50-day moving average of $131.12
  • 11% below its 20-day moving average of $133.52

MACD and RSI

Splunk’s 14-day MACD (moving average convergence divergence) is -4.37. A stock’s MACD marks the difference between its short-term and long-term moving averages. The company’s negative MACD score indicates a downward trading trend.

Splunk has a 14-day RSI (relative strength index) score of 35, which shows that its stock is trading close to oversold territory. An RSI score of above 70 indicates that a stock is overbought, while an RSI score of below 30 indicates that a stock is oversold.

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