TransMedics Group Inc. Stock Forecast
TransMedics Group Inc. stock price ended at $148.97 on Tuesday, after losing 0.81%.
(Updated on Jul 02, 2024)
The TransMedics Group Inc. stock price fell by -0.81% on the last day (Tuesday, 2nd Jul 2024) from $150.19 to $148.97. During the last trading day the stock fluctuated 2.68% from a day low at $147.01 to a day high of $150.95. The price has been going up and down for this period, and there has been a 4.12% gain for the last 2 weeks. 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 -54 thousand shares and in total, 536 thousand shares were bought and sold for approximately $79.83 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 79.28% during the next 3 months and, with a 90% probability hold a price between $256.09 and $295.02 at the end of this 3-month period.
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TMDX Signals & Forecast
The TransMedics Group 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 $146.96 and $140.24. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 28, 2024, and so far it has fallen -1.10%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 $127.99 and $124.44. 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 $127.99. If this is broken, then the next support from accumulated volume will be at $124.44 and $117.60.
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 $3.94 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 3.44%.
Our recommended stop-loss: $143.36 (-3.77%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (TMDX) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect TransMedics Group Inc. to open at $148.98, and during the day (based on 14 day Average True Range), to move between $142.57 and $155.37, which gives a possible trading interval of +/-$6.40 (+/-4.30%) up or down from last closing price. If TransMedics Group Inc. takes out the full calculated possible swing range there will be an estimated 8.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $150.19 (0.82%) than the support at $127.99 (14.08%), 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?
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 TransMedics Group Inc. stock to perform well in the short-term.
Current score: 2.646 Buy Candidate Unchanged
Predicted Opening Price for TransMedics Group Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $148.98 ( 0.0047%) | $148.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TMDX
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 152.92 | 2.65% |
| R2 | 151.41 | 1.64% |
| R1 | 150.48 | 1.02% |
| Price | 148.97 | |
| S1 | 147.47 | -1.01% |
| S2 | 146.54 | -1.63% |
| S3 | 145.04 | -2.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 150.62 | 1.11% |
| R1 | 150.19 | 0.82% |
| Price | 148.97 | |
| S1 | 127.99 | -14.08% |
| S2 | 124.44 | -16.47% |
| S3 | 117.60 | -21.06% |
FAQ
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