ICU Medical Stock Analysis
Technical stock analysis for 18 January 2019
ICU Medical gained 1.97% in the last trading day, rising from $233.50 to $238.09 , 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. The price has risen in 6 of the last 10 days and is up by 4.28% 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, 61 851 more shares were traded than the day before. In total, 271 725 shares bought and sold for approximately $64.70 million.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the ICUI stock was $238.09. This is 1.97% more than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 3.25% from a day low at $233.26 to a day high of $240.84.
30 day high of the ICUI stock price was $246.63 and low was $210.94.
90 day high was $284.69 and low was $210.94.
52 week high for the ICU Medical - $321.70 and low - $210.94.
ICU Medical has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $236.10, a level that may pose a second chance to hit a runner. According to fan-theory $278.93 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. ICU Medical 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 $231.93 and $229.79. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday January 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 60 and the stock is currently not being overbought or oversold
Support & Resistance
ICU Medical finds support from accumulated volume at $236.00.
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 $7.58 (3.25%) between high and low. For the last week, the stock has had a daily average volatility of 2.26%.
Our recommended stoploss: $226.97 (-4.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 4 days ago.)
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Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
|ICUI $238.09 $4.59(1.97%)|
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