Mazor Robotics Fund Forecast

Sell candidate since Dec 18, 2018

No changes to the price of Mazor Robotics Ltd. fund on the last trading day (Monday, 31st Dec 2018). During the last trading day the fund fluctuated 0% from a day low at $58.23 to a day high of $58.23. The price has been going up and down for this period, and there has been a -0.14% loss for the last 2 weeks.

The fund 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 Mazor Robotics Ltd. fund with a 90% probability to be traded between $58.47 and $58.76 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 funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.

MZOR Signals & Forecast

There are few to no technical positive signals at the moment. The Mazor Robotics Ltd. fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the fund. 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 $58.23 and $58.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, December 13, 2018, and so far it has fallen -0.206%. 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 Mazor Robotics Ltd. fund

Mazor Robotics Ltd. finds support from accumulated volume at $58.08 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

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

Trading Expectations (MZOR) For The Upcoming Trading Day Of Wednesday 2nd

For the upcoming trading day on Wednesday, 2nd we expect Mazor Robotics Ltd. to open at $58.23, and during the day (based on 14 day Average True Range), to move between $58.20 and $58.26, which gives a possible trading interval of +/-$0.0654 (+/-0.11%) up or down from last closing price. If Mazor Robotics Ltd. takes out the full calculated possible swing range there will be an estimated 0.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $58.27 (0.07%) than the support at $58.08 (0.26%), 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 Mazor Robotics Ltd. fund A Buy?

Mazor Robotics Ltd. holds several negative signals and is within a narrow 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 fund.

Current score: -1.580 Sell Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on January 2, 2019 - $58.23 ( 0%).

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