Cardiovascular Systems Stock Forecast
Cardiovascular Systems stock price ended on $20.00 on Friday after losing 0%
(Updated on May 26, 2023)
No changes to the price of Cardiovascular Systems stock on the last trading day (Friday, 26th May 2023). During the last trading day the stock fluctuated 0% from a day low at $20.00 to a day high of $20.00. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
The stock is moving within a narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cardiovascular Systems stock with a 90% probability to be traded between $20.26 and $20.51 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
CSII Signals & Forecast
The Cardiovascular Systems stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $20.00 and $19.98. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 25, 2023, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Cardiovascular Systems stock
Cardiovascular Systems finds support from accumulated volume at $19.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $19.20 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (CSII) For The Upcoming Trading Day Of Tuesday 30th
For the upcoming trading day on Tuesday, 30th we expect Cardiovascular Systems to open at $20.00, and during the day (based on 14 day Average True Range), to move between $19.99 and $20.01, which gives a possible trading interval of +/-$0.0091 (+/-0.05%) up or down from last closing price. If Cardiovascular Systems takes out the full calculated possible swing range there will be an estimated 0.09% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $19.96, some $0.0400 (0.20%) from the current price of $20.00, our system finds the risk reward attractive.
Is Cardiovascular Systems stock A Buy?
Cardiovascular Systems holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Open Broker Account
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Hold/Accumulate UnchangedPredicted Opening Price for Cardiovascular Systems of Tuesday, May 30, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price May 30, 2023 | Current price |
|---|---|
| $20.00 | $20.00 (Undervalued) |
Remember To Visit Our YouTube Channel
Trading levels for CSII
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.00 | . | |
| R2 | 20.00 | . | ||
| R1 | 20.00 | . | ||
| Current price: | 20.00 | |||
| Support | S1 | 20.00 | . | |
| S2 | 20.00 | . | ||
| S3 | 20.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 20.00 | |||
| Support | S1 | 19.96 | -0.200% | |
| S2 | 19.76 | -1.20% | ||
| S3 | 19.58 | -2.10% |
FAQ
Click here for our free guide on how to buy Cardiovascular Systems Stock.
About Cardiovascular Systems
Cardiovascular Systems, Inc., a medical device company, develops and commercializes solutions to treat peripheral and coronary artery diseases in the United States and internationally. The company offers peripheral artery disease products, which are catheter-based platforms to treat various plaque types in above and below the knee, including calcified plaque, as well as address various limitations related with surgical, catheter, and pharmacologi... CSII Profile
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.
