Syneron Medical Ltd. Forecast and Stock Analysis
Technical ELOS stock analysis for August 11, 2017.
No changes to the price of Syneron Medical Ltd. in the last trading day. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
Close price at the end of the last trading day (Friday, 11th Aug 2017) of the ELOS stock was $11.00.
During day the stock fluctuated 0.46% from a day low at $10.95 to a day high of $11.00.
30 day high of the ELOS stock price was $11.00 and low was $10.93.
90 day high was $11.00 and low was $10.80.
52 week high for the Syneron Medical Ltd. - $11.43 and low - $6.18.
Given the current horizontal trend you can expect Syneron Medical Ltd. with 90% probability to be traded between $11.13 and $11.22 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Syneron Medical Ltd. 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 $11.00 and $10.98. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday August 10, 2017, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 50 and the stock is currently not being overbought or oversold
Support & Resistance
Syneron Medical Ltd. finds support from accumulated volume at $10.95.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Syneron Medical Ltd. 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.