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 OM
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Outset Medical Inc. stock price ended at $2.22 on Thursday, after gaining 0.91%.
(Updated on Mar 28, 2024)

Sell candidate since Feb 28, 2024 Loss -36.02% PDF

The Outset Medical Inc. stock price gained 0.91% on the last trading day (Thursday, 28th Mar 2024), rising from $2.20 to $2.22. During the last trading day the stock fluctuated 7.75% from a day low at $2.19 to a day high of $2.36. The price has been going up and down for this period, and there has been a 2.3% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 105 thousand more shares were traded than the day before. In total, 479 thousand shares were bought and sold for approximately $1.06 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -51.19% during the next 3 months and, with a 90% probability hold a price between $0.88 and $1.37 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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OM Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 11.56%. Further rise is indicated until a new top pivot has been found. Outset Medical Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Outset Medical Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.87. On a fall, the stock will find some support from the short-term average at $2.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Outset Medical Inc. stock

Outset Medical Inc. finds support from accumulated volume at $2.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.170 between high and low, or 7.75%. For the last week, the stock has had daily average volatility of 7.42%.

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

Trading Expectations (OM) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Outset Medical Inc. to open at $2.26, and during the day (based on 14 day Average True Range), to move between $1.96 and $2.48, which gives a possible trading interval of +/-$0.256 (+/-11.52%) up or down from last closing price. If Outset Medical Inc. takes out the full calculated possible swing range there will be an estimated 23.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.20 (0.90%) than the resistance at $2.25 (1.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Outset Medical Inc. stock A Buy?

Outset Medical Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -4.395 Sell Candidate Unchanged

Predicted Opening Price for Outset Medical Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.26 ( 1.65%) $2.22

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

Trading levels for OM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.43 9.29 %
R2 2.36 6.37 %
R1 2.32 4.57 %
Current price: 2.22
Support S1 2.19 -1.27 %
S2 2.15 -3.08 %
S3 2.09 -6.00 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.66 19.82 %
R2 2.43 9.46 %
R1 2.25 1.35 %
Current price 2.22
Support S1 2.20 -0.90%
S2 2.17 -2.25%
S3 2.00 -9.91%

FAQ

What is the symbol for Outset Medical Inc. Stock and on which exchange is it traded?
The symbol for Outset Medical Inc. is OM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Outset Medical Inc. Stock?
Outset Medical Inc. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

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

What's the current price of Outset Medical Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Outset Medical Inc. (OM) share was $2.22.

What is the 52-week high and low for Outset Medical Inc. Stock?
The 52-week high for Outset Medical Inc. Stock is $24.13 and the 52-week low is $1.98.

What is the market capitalization of Outset Medical Inc. Stock?
As of the 2024-03-28, the market capitalization of Outset Medical Inc. is 112.123M.

When is the next earnings date for Outset Medical Inc.?
The upcoming earnings date for Outset Medical Inc. is May 01, 2024.
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About Outset Medical Inc.

Outset Medical. Outset Medical, Inc., a medical technology company, develops a hemodialysis system for dialysis. It provides the Tablo Hemodialysis System, which comprises a compact console with integrated water purification, on-demand dialysate production, and software and connectivity capabilities for dialysis care in acute and home settings. The company was formerly known as Home Dialysis Plus, Ltd. and changed its name to Outset Medical, Inc. in January 2015... OM Profile

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