Sensus Healthcare Inc Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
High volatility in Sensus Healthcare Inc stock price on Tuesday which ended trading at $3.76
(Updated on Apr 30, 2024)
The Sensus Healthcare Inc stock price gained 10.91% on the last trading day (Tuesday, 30th Apr 2024), rising from $3.39 to $3.76. During the last trading day the stock fluctuated 11.64% from a day low at $3.41 to a day high of $3.81. The price has risen in 7 of the last 10 days and is up by 17.5% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 151 thousand more shares were traded than the day before. In total, 184 thousand shares were bought and sold for approximately $693.20 thousand.
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 -15.54% during the next 3 months and, with a 90% probability hold a price between $2.51 and $3.62 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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SRTS Signals & Forecast
Mostly positive signals in the chart today. The Sensus Healthcare Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.42 and $3.53. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 19.75%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Sensus Healthcare 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.
Support, Risk & Stop-loss for Sensus Healthcare Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $3.55 and $3.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sensus Healthcare Inc finds support just below today's level at $3.55. If this is broken, then the next support from accumulated volume will be at $3.40 and $3.20.
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 $0.397 between high and low, or 11.64%. For the last week, the stock has had daily average volatility of 6.49%.
Our recommended stop-loss: $3.62 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (SRTS) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Sensus Healthcare Inc to open at $3.66, and during the day (based on 14 day Average True Range), to move between $3.51 and $4.01, which gives a possible trading interval of +/-$0.245 (+/-6.52%) up or down from last closing price. If Sensus Healthcare Inc takes out the full calculated possible swing range there will be an estimated 13.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $3.88 (3.19%) than the support at $3.55 (5.59%), 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 Sensus Healthcare Inc stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.041 Buy Candidate Upgraded
Predicted Opening Price for Sensus Healthcare Inc of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| $3.66 ( 2.69%) | $3.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.06 | 7.87 % | |
| R2 | 3.90 | 3.84 % | ||
| R1 | 3.81 | 1.35 % | ||
| Current price: | 3.76 | |||
| Support | S1 | 3.51 | -6.72 % | |
| S2 | 3.41 | -9.21 % | ||
| S3 | 3.26 | -13.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.32 | 14.89 % | |
| R2 | 4.20 | 11.70 % | ||
| R1 | 3.88 | 3.19 % | ||
| Current price | 3.76 | |||
| Support | S1 | 3.55 | -5.59% | |
| S2 | 3.40 | -9.57% | ||
| S3 | 3.20 | -14.89% |
FAQ
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