Bullish vs. Bearish (2 opinions)
Social Sentiment -0.40
CSII Forecast and Technical Stock Analysis
Buy candidate since 2019-08-12 Gain 5.63%
Cardiovascular Systems gained 1.22% in the last trading day ( Tuesday, 20th Aug 2019 ), rising from $49.85 to $50.46 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.36% from a day low at $49.49 to a day high of $50.66. The price has risen in 7 of the last 10 days and is up by 15.65% over the past 2 weeks. Volume fell in the last day by -194 065 shares and in total, 274 479 shares bought and sold for approximately $13.85 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
- 30 day high of the CSII stock price was $50.66 and low was $41.57.
- 90 day high was $50.66 and low was $37.55.
- 52 week high for Cardiovascular Systems - $50.66 and low - $24.84.
Cardiovascular Systems lies in the upper part of a wide and strong rising trend in the short term, and this will 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 $51.31 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 21.84% during the next 3 months and, with 90% probability hold a price between $54.02 and $62.52 at the end of this period.
Only positive signals in the chart today. Cardiovascular Systems holds buy signals from both short- and long-term moving averages. In addition, 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 $48.22 and $45.45. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 68 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $44.85 and $43.99.
There is 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, Cardiovascular Systems finds support just below today's level at $44.85. If this is broken, then the next support from accumulated volume will be at $43.99 and $39.99.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.17 (2.36%) between high and low. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: $48.65 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
2.86 %Average volatility
Very Low Low Medium High Very High
Cardiovascular Systems holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
|CSII $50.46 ($0.61 1.22%)|
CSII is up $0.61 today, but where's it headed in 2019?
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Golden Star Signal
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