TransMedics Group Inc. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
A very strong day for TransMedics Group Inc. stock price on Thursday
(Updated on May 02, 2024)
The TransMedics Group Inc. stock price gained 5.82% on the last trading day (Thursday, 2nd May 2024), rising from $117.60 to $124.44. During the last trading day the stock fluctuated 7.34% from a day low at $116.00 to a day high of $124.51. The price has risen in 7 of the last 10 days and is up by 42.64% over the past 2 weeks. Volume fell on the last day by -4 million shares and in total, 1 million shares were bought and sold for approximately $172.43 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the very wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $98.08, a level that may pose a second chance to hit a runner.
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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 $100.52 and $85.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 47.86%. Further rise is indicated until a new top pivot has been found. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
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 $117.60 and $97.25. 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 $117.60. If this is broken, then the next support from accumulated volume will be at $97.25 and $95.65.
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 $8.51 between high and low, or 7.34%. For the last week, the stock has had daily average volatility of 8.13%.
The TransMedics Group Inc. stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $120.76 (-2.96%) (This stock has high daily movements and this gives high risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (TMDX) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect TransMedics Group Inc. to open at $121.65, and during the day (based on 14 day Average True Range), to move between $117.63 and $131.25, which gives a possible trading interval of +/-$6.81 (+/-5.47%) up or down from last closing price. If TransMedics Group Inc. takes out the full calculated possible swing range there will be an estimated 10.95% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $117.60, some $6.84 (5.50%) from the current price of $124.44, our system finds the risk reward attractive.
Earnings coming up
TransMedics Group Inc. will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.0600. We will update the financials statements for TransMedics Group Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.89% in the first trading day after earnings release.
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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for TransMedics Group Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $121.65 ( 2.24%) | $124.44 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 130.16 | 4.60 % | |
| R2 | 126.91 | 1.98 % | ||
| R1 | 124.90 | 0.370 % | ||
| Current price: | 124.44 | |||
| Support | S1 | 118.40 | -4.85 % | |
| S2 | 116.39 | -6.47 % | ||
| S3 | 113.14 | -9.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 124.44 | |||
| Support | S1 | 117.60 | -5.50% | |
| S2 | 97.25 | -21.85% | ||
| S3 | 95.65 | -23.14% |
FAQ
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