The 3 stocks attempting to buck their downtrends

The main stocks that are plunging: Catalent Inc, CommScope Holding Company, Inc., Similarweb Ltd.

Leading equity indices in the US rose as Dow Jones closed the day at 34,000, having gained 0.3%. S&P 500 gained 0.33% and closed at 4,151.32.

More data out yesterday as United States TIC Net Long-Term Transactions (Feb) came out at 71 billion, while a consensus of analysts was expecting 101.9 billion.

What is a downtrend?

The perceived tendency of a price to move in a downward direction over time. A downtrend describes the price movement of a continously depreciative financial asset over a particular time frame. In a downtrend, each successive low and peak is lower than the ones found earlier in the trend. The downtrend is therefore composed of lower swing lows and lower swing highs.

Catalent continues a 6 day downtrend; decreases 1.92% yesterday

After setting a $42.53 – $49.86 range, Catalent Inc closed the day 1.92% lower at $45.43. Catalent dropped to $42.53, its lowest point in 3 months. It later recovered $2.9 and closed at $45.43. After ending Friday at $46.32, Catalent went up to $49.86 only to drop back to its starting point and close at $45.43. Daily trading volume (14.59 million shares) was above the current multiday average of 3.20 million.

| CommScope Holding Company, Inc. | continues an 11 day decline; falls 7.13% yesterday

Yesterday's session continued down the same path: after ending Friday at $5.33, CommScope Holding Company, Inc. declined to $4.72 yesterday before closing at $4.95, thereby losing 7.13% in total. After setting a $4.72 – $5.13 range, CommScope Holding Company, Inc. closed the day 7.13% lower at $4.95. Daily trading volume (4.38 million shares) increased, making up 169% of the 21-day average (2.59 million).

CommScope Holding Company, Inc. has a market cap of $1 billion with an average daily trading volume of 2.59 million shares. The broadband enterprise business is now trading 7.68% above the significant low ($4.95) it slumped to a day ago. $2.32 billion was CommScope Holding Company, Inc.'s last reported revenue with 43 cents being the current EPS.

Similarweb continues a 13 day downtrend; slips 2.58% yesterday

More of the same from yesterday's session: an influx of sellers pushed the US web analytics company to session lows around $5.22 while establishing a $5.22 to $5.47 session range yesterday. After setting a $5.22 – $5.47 range, Similarweb closed the day 2.58% lower at $5.28. Daily trading volume (76,959 shares) increased, making up 105% of the 21-day average (73,063).

The company has a market cap of $405.52 million with an average daily volume of 73,063 shares. Over the past 11 months, the web traffic analytics specialist has retreated 60.72% from a noteworthy peak of $13.8. Similarweb is forecasted to generate revenues of $50.67 million and EPS of -23 cents.