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Weaker Stock
Today CUTR ranks #16749 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$33.71 (-3.63%)

Volume: 431k

Closed: Dec 03, 2021

Hollow Logo Score: -6.152

Cutera Stock Forecast

$33.71 (-3.63%)

Volume: 431k

Closed: Dec 03, 2021

Score Hollow Logo -6.152
Which way will CUTR go? Request
Key Stats
P/E Ratio 73.95
Beta 1.54
* 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 ] RSI14 is 8 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Evaluation of Cutera stock downgraded after the last trading session.
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-18 Loss -22.17%

The Cutera stock price fell by -3.63% on the last day (Friday, 3rd Dec 2021) from $34.98 to $33.71. During the day the stock fluctuated 8.25% from a day low at $33.25 to a day high of $35.99. The price has fallen in 9 of the last 10 days and is down by -22.17% for this period. Volume has increased on the last day by 246 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 431 thousand shares were bought and sold for approximately $14.54 million.

The stock has broken the 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 ($36.28) are considered to be a "second chance" to get out. According to the fan-theory $30.22 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 Cutera 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 $36.47 and $41.79. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -26.35%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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 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 $2.74 between high and low, or 8.25%. For the last week, the stock has had a daily average volatility of 8.12%.

Cutera is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Is Cutera stock A Buy?

Cutera holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.152

Predicted Opening Price for Cutera 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
$34.32 $33.71 (Undervalued)
Strong Sell Candidate Downgraded

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Analyst Ratings

On Nov 04, 2021 "Maxim Group" gave "$60.00" rating for CUTR. The price target was set to $45.07+1.6%.

Volatility and Risk
Daily Average Volatility: 8.12 %
Overall Risk: Very High High Medium Low Very Low
Volatility
8.12 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $34.80
Price: $33.71
No Support Found

CUTR Insider Trading Show all Trades

INSIDER POWER

9.295

Last 100 transactions
Buy: 1 556 093 | Sell: 167 415 (Shares)
Date Action Amount Person Type
Dec 01, 2021 Buy 2 784 Mowry David H COMMON STOCK
Nov 30, 2021 Buy 1 000 Plants J Daniel COMMON STOCK
Nov 30, 2021 Buy 1 000 Seth Rohan COMMON STOCK
Nov 29, 2021 Buy 1 307 Zanotti Katherine S COMMON STOCK
Nov 09, 2021 Sell 14 000 Plants J Daniel Stock Option (Right to Buy)
Show all Insider Trades
INSIDER POWER

9.295

Last 100 transactions
Buy: 1 556 093 | Sell: 167 415 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 37.06 9.94 %
36.01 6.83 %
35.37 4.91 %
Current price: 33.71
Support 33.27 -1.31 %
32.62 -3.23 %
31.57 -6.33 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 37.04 9.88 %
34.86 3.41 %
34.80 3.23 %
Current price 33.71
Support 0 .
0 .
0 .

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About Cutera

Cutera Cutera, Inc., a medical device company, designs, develops, manufactures, markets, and services laser and other energy based aesthetics systems worldwide. The company offers enlighten platform, a laser system that is used for tattoo removal, as well as for the treatment of benign pigmented lesions; excel HR platform, a hair removal solution for various skin types; and truSculpt, a high-powered radio frequency platform designed for deep tissue heat... Read more

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