Trisalus Life Sciences, Inc. Stock Forecast
Trisalus Life Sciences, Inc. stock downgraded to Strong Sell Candidate
(Updated on Jun 28, 2024)
The Trisalus Life Sciences, Inc. stock price fell by -4.17% on the last day (Friday, 28th Jun 2024) from $5.76 to $5.52. During the last trading day the stock fluctuated 3.08% from a day low at $5.52 to a day high of $5.69. The price has been going up and down for this period, and there has been a -5.32% loss for the last 2 weeks. Volume has increased on the last day by 29 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 46 thousand shares were bought and sold for approximately $252.02 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $4.98 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -38.69% during the next 3 months and, with a 90% probability hold a price between $3.05 and $4.88 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
TLSI Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Trisalus Life Sciences, Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. 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 $5.67 and $7.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -45.62%. Further fall is indicated until a new bottom pivot has been found. Trisalus Life Sciences, Inc. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A sell signal from a double top formation was found on Monday, May 13, 2024 with a target of $9.10. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Trisalus Life Sciences, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.170 between high and low, or 3.08%. For the last week, the stock has had daily average volatility of 4.31%.
Trisalus Life Sciences, Inc. is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TLSI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Trisalus Life Sciences, Inc. to open at $5.58, and during the day (based on 14 day Average True Range), to move between $5.10 and $5.94, which gives a possible trading interval of +/-$0.421 (+/-7.63%) up or down from last closing price. If Trisalus Life Sciences, Inc. takes out the full calculated possible swing range there will be an estimated 15.26% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $5.68, some $0.160 (2.90%) from the current price of $5.52, our system finds the risk reward not very attractive.
Is Trisalus Life Sciences, Inc. stock A Buy?
Trisalus Life Sciences, Inc. holds several negative signals and is within a very wide 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 stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.130 Strong Sell Candidate Downgraded
Predicted Opening Price for Trisalus Life Sciences, Inc. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| $5.58 ( 1.03%) | $5.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLSI
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.75 | 4.11% |
| R2 | 5.68 | 2.93% |
| R1 | 5.64 | 2.20% |
| Price | 5.52 | |
| S1 | 5.51 | -0.150% |
| S2 | 5.47 | -0.88% |
| S3 | 5.41 | -2.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.51 | 17.93% |
| R2 | 6.03 | 9.24% |
| R1 | 5.68 | 2.90% |
| Price | 5.52 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
Click here for our free guide on how to buy Trisalus Life Sciences, Inc. Stock.
