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 TMCI
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Stronger technical forecast for Treace Medical Concepts, Inc. stock price after Monday trading.
(Updated on Feb 26, 2024)


Buy or Hold candidate since Dec 13, 2023 Gain 50.84% PDF
The Treace Medical Concepts, Inc. stock price gained 0.561% on the last trading day (Monday, 26th Feb 2024), rising from $14.25 to $14.33. During the last trading day the stock fluctuated 4.62% from a day low at $14.16 to a day high of $14.82. The price has fallen in 6 of the last 10 days and is down by -7.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 84 thousand more shares were traded than the day before. In total, 552 thousand shares were bought and sold for approximately $7.91 million.

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Given the current short-term trend, the stock is expected to rise 66.43% during the next 3 months and, with a 90% probability hold a price between $23.85 and $28.05 at the end of this 3-month period.

TMCI Signals & Forecast

The Treace Medical Concepts, Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $14.92. On a fall, the stock will find some support from the long-term average at approximately $13.84. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, February 12, 2024, and so far it has fallen -9.65%. 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).

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

On the downside, the stock finds support just below today's level from accumulated volume at $13.46 and $12.93. 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, Treace Medical Concepts, Inc. finds support just below today's level at $13.46. If this is broken, then the next support from accumulated volume will be at $12.93 and $12.63.

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 $0.655 between high and low, or 4.62%. For the last week, the stock has had daily average volatility of 4.53%.

Our recommended stop-loss: $13.48 (-5.90%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (TMCI) For The Upcoming Trading Day Of Tuesday 27th

For the upcoming trading day on Tuesday, 27th we expect Treace Medical Concepts, Inc. to open at $14.44, and during the day (based on 14 day Average True Range), to move between $13.61 and $15.05, which gives a possible trading interval of +/-$0.716 (+/-4.99%) up or down from last closing price. If Treace Medical Concepts, Inc. takes out the full calculated possible swing range there will be an estimated 9.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $14.39 (0.42%) than the support at $13.46 (6.07%), 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 Treace Medical Concepts, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Treace Medical Concepts, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.229 Open Broker Account

Buy Candidate Upgraded

Predicted Opening Price for Treace Medical Concepts, Inc. of Tuesday, February 27, 2024

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

Fair opening price February 27, 2024 Current price
$14.44 ( 0.733%) $14.33

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 15.09 5.30 %
R2 14.84 3.56 %
R1 14.69 2.48 %
Current price: 14.33
Support S1 14.18 -1.01 %
S2 14.03 -2.09 %
S3 13.78 -3.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.41 7.54 %
R2 15.10 5.37 %
R1 14.39 0.419 %
Current price 14.33
Support S1 13.46 -6.07%
S2 12.93 -9.77%
S3 12.63 -11.86%
What is the symbol for Treace Medical Concepts, Inc. Stock and on which exchange is it traded?
The symbol for Treace Medical Concepts, Inc. is TMCI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Treace Medical Concepts, Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Treace Medical Concepts, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Treace Medical Concepts, Inc. Stock?
Treace Medical Concepts, 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 Treace Medical Concepts, Inc. Stock.

What's the current price of Treace Medical Concepts, Inc. Stock?
As of the end of day on the 2024-02-26, the price of an Treace Medical Concepts, Inc. (TMCI) share was $14.33.

What is the 52-week high and low for Treace Medical Concepts, Inc. Stock?
The 52-week high for Treace Medical Concepts, Inc. Stock is $27.97 and the 52-week low is $5.27.

What is the market capitalization of Treace Medical Concepts, Inc. Stock?
As of the 2024-02-26, the market capitalization of Treace Medical Concepts, Inc. is 883.816M.

When is the next earnings date for Treace Medical Concepts, Inc.?
The upcoming earnings date for Treace Medical Concepts, Inc. is Feb 27, 2024.

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About Treace Medical Concepts, Inc.

Treace Medical Concepts. Treace Medical Concepts, Inc., an orthopedic medical device company, engages in the design, manufacture, and marketing of medical devices for foot and ankle surgeons in the United States. It offers Lapiplasty procedure that allows podiatric surgeons to treat all three dimensions of the bunion, providing patients with a cosmetic and medical improvement. The company also provides Lapiplasty Mini-Incision precision system. In addition, it offers pro... TMCI Profile

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