RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HOLX
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Stronger technical forecast for Hologic stock price after Friday trading.
(Updated on Jul 19, 2024)

Buy or Hold candidate since Jun 27, 2024 Gain 5.26% PDF

The Hologic stock price gained 0.579% on the last trading day (Friday, 19th Jul 2024), rising from $77.66 to $78.11. During the last trading day the stock fluctuated 1.43% from a day low at $77.48 to a day high of $78.58. The price has risen in 8 of the last 10 days and is up by 5.41% over the past 2 weeks. Volume fell on the last day by -703 thousand shares and in total, 2 million shares were bought and sold for approximately $124.40 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $78.87 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Hologic stock with a 90% probability to be traded between $70.50 and $78.13 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.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

HOLX Signals & Forecast

The Hologic 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 $77.81 and $74.29. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, July 17, 2024, and so far it has fallen -0.99%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Hologic stock

Hologic finds support from accumulated volume at $77.66 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.11 between high and low, or 1.43%. For the last week, the stock has had daily average volatility of 1.91%.

Our recommended stop-loss: $75.70 (-3.08%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)

Trading Expectations (HOLX) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Hologic to open at $78.06, and during the day (based on 14 day Average True Range), to move between $76.82 and $79.40, which gives a possible trading interval of +/-$1.29 (+/-1.66%) up or down from last closing price. If Hologic takes out the full calculated possible swing range there will be an estimated 3.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $78.46 (0.45%) than the support at $77.66 (0.58%), 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.

Earnings coming up

Hologic will release earnings AMC on Monday, July 29, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.02. We will update the financials statements for Hologic, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.27% in the first trading day after earnings release.

Is Hologic stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Hologic stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.079 Buy Candidate Upgraded

Predicted Opening Price for Hologic of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$78.06 ( 0.0704%) $78.11

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

Trading levels for HOLX

Fibonacci Support & Resistance Levels

Level Price
R3 79.16 1.34%
R2 78.74 0.80%
R1 78.48 0.470%
Price 78.11
S1 77.63 -0.611%
S2 77.37 -0.94%
S3 76.95 -1.49%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 78.89 1.00%
R1 78.46 0.448%
Price 78.11
S1 77.66 -0.576%
S2 75.77 -3.00%
S3 74.25 -4.94%

FAQ

What is the symbol for Hologic Stock and on which exchange is it traded?
The symbol for Hologic is HOLX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Hologic Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Hologic stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Hologic Stock?
Hologic Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Hologic Stock.

What's the current price of Hologic Stock?
As of the end of day on the Jul 19, 2024, the price of an Hologic (HOLX) share was $78.11.

What is the 52-week high and low for Hologic Stock?
The 52-week high for Hologic Stock is $82.45 and the 52-week low is $64.03.

What is the market capitalization of Hologic Stock?
As of the Jul 19, 2024, the market capitalization of Hologic is 18.229B.

When is the next earnings date for Hologic?
The upcoming earnings date for Hologic is Jul 29, 2024.
Click to get the best stock tips daily for free!

About Hologic

Hologic Hologic, Inc. develops, manufactures, and supplies diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment in the United States, Europe, the Asia-Pacific, and internationally. It operates through four segments: Diagnostics, Breast Health, GYN Surgical, and Skeletal Health. The company provides Aptima molecular diagnostic assays to detect the infectious microorganisms; Aptima vi... HOLX Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT