Fri 17'th Aug 2018
ICU Medical Stock Analysis
Technical stock analysis for Fri 17'th Aug 2018
|Shorts||3.23% ( 2018-07-31 )|
ICU Medical gained 0.22% in the last trading day, rising from $293.75 to $294.40 The price has risen in 7 of the last 10 days and is up by 0.36% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 808 more shares were traded than the day before. In total, 127 974 shares bought and sold for approximately $37.68 million.
ICU Medical lies in the middle of a wide and weak 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 2.4% during the next 3 months and, with 90% probability hold a price between $292.39 and $322.57 at the end of this period.
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. ICU Medical holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $294.46. On a fall, the stock will find some support from the short-term average at $294.13. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Wednesday August 15, 2018, which indicates further falls until a new bottom pivot has been found.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
ICU Medical finds support from accumulated volume at $293.20.
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 $4.20 (1.44%) between high and low. For the last week, the stock has had a daily average volatility of 2.67%.
Our recommended stoploss: $281.92 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)
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ICU Medical holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.Click for Top 5 Hold/Accumulates
|ICUI $294.40 $0.65(0.22%)|
ICUI is up $0.65 today, but where's it headed in September?
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