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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
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Red day on Thursday for Treace Medical Concepts, Inc. stock after losing 2.82%
(Updated on Jun 20, 2024)

Sell candidate since Jun 18, 2024 Loss -2.82% PDF

The Treace Medical Concepts, Inc. stock price fell by -2.82% on the last day (Thursday, 20th Jun 2024) from $6.03 to $5.86. During the last trading day the stock fluctuated 5.53% from a day low at $5.76 to a day high of $6.08. The price has fallen in 5 of the last 10 days and is down by -4.09% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -199 thousand shares and in total, 754 thousand shares were bought and sold for approximately $4.42 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $6.65 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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TMCI Signals & Forecast

There are mixed signals in the stock today. The Treace Medical Concepts, 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 $5.99 and $6.23. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Wednesday, May 08, 2024, and so far it has risen 40.53%. 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).

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

Treace Medical Concepts, Inc. finds support from accumulated volume at $5.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.319 between high and low, or 5.53%. For the last week, the stock has had daily average volatility of 4.99%.

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

Trading Expectations (TMCI) For The Upcoming Trading Day Of Friday 21st

For the upcoming trading day on Friday, 21st we expect Treace Medical Concepts, Inc. to open at $5.90, and during the day (based on 14 day Average True Range), to move between $5.37 and $6.35, which gives a possible trading interval of +/-$0.495 (+/-8.44%) 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 16.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.88 (0.34%) than the support at $5.75 (1.88%), 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?

Treace Medical Concepts, Inc. 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: -4.356 Sell Candidate Unchanged

Predicted Opening Price for Treace Medical Concepts, Inc. of Friday, June 21, 2024

Fair opening price June 21, 2024 Current price
$5.90 ( 0.690%) $5.86

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

Trading levels for TMCI

Fibonacci Support & Resistance Levels

Level Price
R3 6.22 6.13%
R2 6.10 4.05%
R1 6.02 2.77%
Price 5.86
S1 5.78 -1.39%
S2 5.70 -2.67%
S3 5.58 -4.75%

Accumulated Volume Support & Resistance Levels

Level Price
R3 6.11 4.27%
R2 5.95 1.54%
R1 5.88 0.341%
Price 5.86
S1 5.75 -1.88%
S2 5.00 -14.68%
S3 4.43 -24.40%

FAQ

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?
Treace Medical Concepts, Inc. 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 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 Jun 20, 2024, the price of an Treace Medical Concepts, Inc. (TMCI) share was $5.86.

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 $26.00 and the 52-week low is $3.92.

What is the market capitalization of Treace Medical Concepts, Inc. Stock?
As of the Jun 20, 2024, the market capitalization of Treace Medical Concepts, Inc. is 373.909M.

When is the next earnings date for Treace Medical Concepts, Inc.?
The upcoming earnings date for Treace Medical Concepts, Inc. is Aug 13, 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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