RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SWAV
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Shockwave Medical Inc. stock price up 2.07% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Jan 04, 2024 Gain 64.21% PDF

The Shockwave Medical Inc. stock price gained 2.07% on the last trading day (Wednesday, 27th Mar 2024), rising from $316.07 to $322.61. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.33% from a day low at $318.47 to a day high of $329.09. The price has risen in 7 of the last 10 days and is up by 19.76% over the past 2 weeks. Volume fell on the last day by -2 million shares and in total, 1 million shares were bought and sold for approximately $453.80 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 stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $308.37, a level that may pose a second chance to hit a runner. According to fan-theory $344.53 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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SWAV Signals & Forecast

The Shockwave Medical Inc. 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 $293.86 and $262.99. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 08, 2024, and so far it has risen 28.17%. 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). 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.

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

Shockwave Medical Inc. finds support from accumulated volume at $316.07 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 $10.62 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 5.69%.

The Shockwave Medical Inc. stock is extremely overbought on RSI14 (87). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $313.71 (-2.76%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 13 days ago.)

Trading Expectations (SWAV) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Shockwave Medical Inc. to open at $323.39, and during the day (based on 14 day Average True Range), to move between $311.17 and $334.05, which gives a possible trading interval of +/-$11.44 (+/-3.55%) up or down from last closing price. If Shockwave Medical Inc. takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $316.07, some $6.54 (2.03%) from the current price of $322.61, our system finds the risk reward attractive.

Is Shockwave Medical Inc. stock A Buy?

Shockwave Medical Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Shockwave Medical Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$323.39 ( 0.241%) $322.61

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

Trading levels for SWAV

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 334.00 3.53 %
R2 329.95 2.27 %
R1 327.44 1.50 %
Current price: 322.61
Support S1 319.33 -1.02 %
S2 316.83 -1.79 %
S3 312.77 -3.05 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 322.61
Support S1 316.07 -2.03%
S2 285.64 -11.46%
S3 262.66 -18.58%

FAQ

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

Should I buy or sell Shockwave Medical Inc. Stock?
Shockwave Medical Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Shockwave Medical Inc. Stock?
Shockwave 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 Shockwave Medical Inc. Stock.

What's the current price of Shockwave Medical Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Shockwave Medical Inc. (SWAV) share was $322.61.

What is the 52-week high and low for Shockwave Medical Inc. Stock?
The 52-week high for Shockwave Medical Inc. Stock is $329.09 and the 52-week low is $157.02.

What is the market capitalization of Shockwave Medical Inc. Stock?
As of the 2024-03-27, the market capitalization of Shockwave Medical Inc. is 11.82B.

When is the next earnings date for Shockwave Medical Inc.?
The upcoming earnings date for Shockwave Medical Inc. is May 13, 2024.
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About Shockwave Medical Inc.

Shockwave Medical. ShockWave Medical, Inc., a medical device company, engages in developing and commercializing intravascular lithotripsy technology for the treatment of calcified plaque in patients with peripheral vascular, coronary vascular, and heart valve diseases worldwide. The company offers M5 catheters for treating above-the-knee peripheral artery disease (PAD); C2 catheters for treating coronary artery disease; and S4 catheters for treating below-the-knee ... SWAV Profile

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