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Cardiovascular Systems Stock Forecast NASDAQ:CSII

$18.99 (-3.75%)

Volume: 365k

Closed: Dec 03, 2021

Hollow Logo Score: -6.573

Cardiovascular Systems Stock Forecast

$18.99 (-3.75%)

Volume: 365k

Closed: Dec 03, 2021

Score Hollow Logo -6.573
Which way will CSII go? Request
Key Stats
P/E Ratio -38.57
Beta 0.78
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Cardiovascular Systems stock currently holds an RSI14 at 17 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Cardiovascular Systems stock price ended on $18.99 on Friday after losing 3.75%
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-08 Loss -44.16%

The Cardiovascular Systems stock price fell by -3.75% on the last day (Friday, 3rd Dec 2021) from $19.73 to $18.99. During the day the stock fluctuated 4.83% from a day low at $18.85 to a day high of $19.76. The price has fallen in 7 of the last 10 days and is down by -21.53% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -44 thousand shares and in total, 365 thousand shares were bought and sold for approximately $6.94 million.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($22.99) are considered to be a "second chance" to get out. According to the fan-theory $14.09 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Cardiovascular Systems stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $20.88 and $28.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 02, 2021, and so far it has fallen -48.35%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.91 between high and low, or 4.83%. For the last week, the stock has had a daily average volatility of 7.59%.

Cardiovascular Systems is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Cardiovascular Systems stock A Buy?

Cardiovascular Systems holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -6.573

Predicted Opening Price for Cardiovascular Systems of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$19.20 $18.99 (Undervalued)
Strong Sell Candidate Unchanged

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Analyst Ratings

On Nov 17, 2021 "Needham & Company LLC" gave "" rating for CSII. The price target was changed from $25.69 to 1.2%.

Volatility and Risk
Daily Average Volatility: 7.59 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.59 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $19.33
Price: $18.99
No Support Found

CSII Insider Trading Show all Trades

INSIDER POWER

1.306

Last 100 transactions
Buy: 355 177 | Sell: 271 876 (Shares)
Date Action Amount Person Type
Nov 15, 2021 Buy 1 222 Lawlor Augustine Common Stock
Nov 12, 2021 Sell 429 Sedo Sandra Common Stock
Nov 12, 2021 Sell 429 Whitescarver David Common Stock
Aug 28, 2021 Sell 1 589 Robb Rhonda J. Common Stock
Aug 28, 2021 Sell 681 Rosenstein Alexander Common Stock
Show all Insider Trades
INSIDER POWER

1.306

Last 100 transactions
Buy: 355 177 | Sell: 271 876 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 20.11 5.88 %
19.76 4.05 %
19.54 2.92 %
Current price: 18.99
Support 18.85 -0.74 %
18.63 -1.87 %
18.29 -3.70 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 23.72 24.91 %
20.00 5.32 %
19.33 1.79 %
Current price 18.99
Support 0 .
0 .
0 .

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About Cardiovascular Systems

Cardiovascular Systems Cardiovascular Systems, Inc., a medical technology company, develops, manufactures, and markets devices to treat vascular diseases in the United States. It offers peripheral arterial disease products, including Diamondback 360 Peripheral Orbital Atherectomy System (OAS), Stealth 360° Peripheral OAS, Diamondback 360 60cm Peripheral OAS, Diamondback 360 Low Profile Peripheral OAS, Diamondback 360 1.50 Peripheral OAS, and Diamondback 360 2.00 Perip... Read more

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