Sensus Healthcare Inc Stock Forecast
Sensus Healthcare Inc stock price ended at $3.40 on Tuesday, after gaining 0.295%.
(Updated on Apr 23, 2024)
The Sensus Healthcare Inc stock price gained 0.295% on the last trading day (Tuesday, 23rd Apr 2024), rising from $3.39 to $3.40. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.93% from a day low at $3.32 to a day high of $3.55. The price has risen in 5 of the last 10 days but is still down by -1.45% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 35 thousand more shares were traded than the day before. In total, 71 thousand shares were bought and sold for approximately $240.46 thousand.
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 -9.84% during the next 3 months and, with a 90% probability hold a price between $2.77 and $4.11 at the end of this 3-month period.
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SRTS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 8.28%. Further rise is indicated until a new top pivot has been found. Sensus Healthcare Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sensus Healthcare Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.60. On a fall, the stock will find some support from the short-term average at $3.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sensus Healthcare Inc stock
Sensus Healthcare Inc finds support from accumulated volume at $3.25 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.230 between high and low, or 6.93%. For the last week, the stock has had daily average volatility of 5.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRTS) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Sensus Healthcare Inc to open at $3.42, and during the day (based on 14 day Average True Range), to move between $3.15 and $3.65, which gives a possible trading interval of +/-$0.249 (+/-7.32%) up or down from last closing price. If Sensus Healthcare Inc takes out the full calculated possible swing range there will be an estimated 14.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.52 (3.53%) than the support at $3.25 (4.41%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Sensus Healthcare Inc stock A Buy?
Sensus Healthcare Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.104 Sell Candidate Unchanged
Predicted Opening Price for Sensus Healthcare Inc of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $3.42 ( 0.686%) | $3.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.65 | 7.45 % | |
| R2 | 3.57 | 4.87 % | ||
| R1 | 3.51 | 3.27 % | ||
| Current price: | 3.40 | |||
| Support | S1 | 3.34 | -1.90 % | |
| S2 | 3.28 | -3.49 % | ||
| S3 | 3.19 | -6.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.20 | 23.53 % | |
| R2 | 3.55 | 4.41 % | ||
| R1 | 3.52 | 3.53 % | ||
| Current price | 3.40 | |||
| Support | S1 | 3.25 | -4.41% | |
| S2 | 3.20 | -5.88% | ||
| S3 | 3.16 | -7.06% |
FAQ
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