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Green day on Tuesday for Sirtex Medical Limited
(Updated on Jun 25, 2024)

Sell candidate since Jun 19, 2024 Gain 4.00% PDF

The Sirtex Medical Limited stock price gained 4.00% on the last trading day (Tuesday, 25th Jun 2024), rising from A$0.125 to A$0.130. During the last trading day the stock fluctuated 8.00% from a day low at A$0.125 to a day high of A$0.135. The price has fallen in 4 of the last 10 days and is down by -3.7% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately A$374.05 thousand.

The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at A$0.125 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 11.12% during the next 3 months and, with a 90% probability hold a price between A$0.139 and A$0.169 at the end of this 3-month period.

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SRX.AX Signals & Forecast

There are mixed signals in the stock today. The Sirtex Medical Limited 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 A$0.130. On a fall, the stock will find some support from the short-term average at A$0.128. 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. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -3.70%. 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). Sirtex Medical Limited 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 Sirtex Medical Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at A$0.120 and A$0.115. 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, Sirtex Medical Limited finds support just below today's level at A$0.120. If this is broken, then the next support from accumulated volume will be at A$0.115 and A$0.110.

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 A$0.0100 between high and low, or 8.00%. For the last week, the stock has had daily average volatility of 7.20%.

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

Trading Expectations (SRX.AX) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Sirtex Medical Limited to open at A$0.130, and during the day (based on 14 day Average True Range), to move between A$0.121 and A$0.139, which gives a possible trading interval of +/-A$0.0092 (+/-7.04%) up or down from last closing price. If Sirtex Medical Limited takes out the full calculated possible swing range there will be an estimated 14.08% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at A$0.135 (3.85%) than the support at A$0.120 (7.69%), 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 Sirtex Medical Limited stock A Buy?

Sirtex Medical Limited 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: -1.406 Sell Candidate Unchanged

Predicted Opening Price for Sirtex Medical Limited of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
A$0.130 ( 0%) A$0.130

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

Trading levels for SRX.AX

Fibonacci Support & Resistance Levels

Level Price
R3 0.140 7.69%
R2 0.136 4.75%
R1 0.134 2.94%
Price 0.130
S1 0.126 -2.94%
S2 0.124 -4.75%
S3 0.120 -7.69%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0.140 7.69%
R1 0.135 3.85%
Price 0.130
S1 0.120 -7.69%
S2 0.115 -11.54%
S3 0.110 -15.38%

FAQ

What is the symbol for Sirtex Medical Limited Stock and on which exchange is it traded?
The symbol for Sirtex Medical Limited is SRX.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Sirtex Medical Limited Stock?
Sirtex Medical Limited 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 Sirtex Medical Limited Stock?
Sirtex Medical Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Sirtex Medical Limited Stock.

What's the current price of Sirtex Medical Limited Stock?
As of the end of day on the Jun 25, 2024, the price of an Sirtex Medical Limited (SRX.AX) share was A$0.130.

What is the 52-week high and low for Sirtex Medical Limited Stock?
The 52-week high for Sirtex Medical Limited Stock is A$0.250 and the 52-week low is A$0.0560.

What is the market capitalization of Sirtex Medical Limited Stock?
As of the Jun 25, 2024, the market capitalization of Sirtex Medical Limited is 55.179M.
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