TransMedics Group Inc. Stock Forecast

Stronger technical forecast for TransMedics Group Inc. stock price after Monday trading.
(Updated on Apr 22, 2024)

TMDX Signals & Forecast

The TransMedics Group 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 $88.96. On a fall, the stock will find some support from the long-term average at approximately $81.94. 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. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.79%. 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 TransMedics Group Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $82.00 and $77.74. 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, TransMedics Group Inc. finds support just below today's level at $82.00. If this is broken, then the next support from accumulated volume will be at $77.74 and $77.20.

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 $3.59 between high and low, or 4.32%. For the last week, the stock has had daily average volatility of 6.58%.

Our recommended stop-loss: $82.96 (-4.10%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (TMDX) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect TransMedics Group Inc. to open at $85.45, and during the day (based on 14 day Average True Range), to move between $81.42 and $91.60, which gives a possible trading interval of +/-$5.09 (+/-5.88%) up or down from last closing price. If TransMedics Group Inc. takes out the full calculated possible swing range there will be an estimated 11.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $88.71 (2.54%) than the support at $82.00 (5.21%), 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 TransMedics Group Inc. stock A Buy?

TransMedics Group 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.717 Hold/Accumulate Upgraded

Predicted Opening Price for TransMedics Group Inc. of Tuesday, April 23, 2024

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