GKOS - Glaukos Corporation

Industry: Medical Instruments & Supplies Sector: Healthcare | Exchange: NYSE

Sell Candidate
Fri 21'st Jul 2017

PERIOD COVERED
2017-04-24 - 2017-07-21
CHANGE
-0.84%
PRICE
$40.33
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

BOLLINGER
Sell
Request Prediction
0.00%

Glaukos Corporation Stock Analysis

Technical stock analysis for Fri 21'st Jul 2017

Sell candidate since 2017-07-18 Loss -2.21%

Glaukos Corporation fell by -0.84% in the last day from $40.67 to $40.33 and has now fallen 4 days in a row. The price has fallen in 7 of the last 10 days and is down by -5.82% for this period. Volume has increased in the last day by 119 551 shares, but on falling prices. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 365 201 shares bought and sold for approximately $14.73 million.

Trend

Glaukos Corporation lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.71% during the next 3 months and, with 90% probability hold a price between $32.25 and $42.20 at the end of this period.

Signals

There are few to none technical positive signals at the moment. Glaukos Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $40.39 and $41.08. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday July 18, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Relative Strength Index (RSI)

RSI14 is 45 and the stock is currently not being overbought or oversold

Support & Resistance

Glaukos Corporation finds support from accumulated volume at $39.01, $37.70, and $37.30. On the upside the stock meets some resistance from accumulated volume at $42.61, $40.99 and $44.23.

Support: $39.01 Price: $40.33 Resistance: $42.61
S: $39.01 Price: $40.33 R: $42.61

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.00 (2.51%) between high and low. For the last week, the stock has had a daily average volatility of 2.68%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

Glaukos Corporation holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Sell Candidate

Learn To Identify Profitable Stock Chart Patterns.

FREE 7-Day Training

Learn To Identify Profitable Stock Chart Patterns.

FREE 7-Day Training
Help StockInvest improve by answering this short survey clicking HERE.

Build Your Watchlist

Add GKOS My Watchlist

Recommended
books of the week

Last donation

Do you find our website useful too?
Help us improve by making a small donation or
Get PRO features

Sign up to get FREE access to awesome features

Auto-portfolios that gain up to 30%

Request predictions from other users

Watchlist builder with notifications

News updates from 100+ financial publications