ICUI - ICU Medical

Industry: Medical Instruments & Supplies Sector: Healthcare Exchange: NASDAQ

Fri 17'th Aug 2018

PERIOD 2018-05-18 - 2018-08-17
CHANGE 0.22%
PRICE $294.40
VOLUME
Buy
TREND
Buy

MV LONG
Sell

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

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ICU Medical Stock Analysis

Technical stock analysis for Fri 17'th Aug 2018

Hold candidate since 2018-08-16 Gain 0.22%
Shorts 3.23% ( 2018-07-31 )
Cash 310.2 mill
Loans n/a
Beta 0.33
ROA 5.69

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.

Trend

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.

Click here for today's Top 5 Trending Companies

Signals

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.

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A sell signal from a double top formation was found on Wednesday August 15, 2018 and based on theory for this formation the price should fall by -4.13% to $293.32 within 7 trading days since signal was issued (Friday August 24, 2018).

Relative Strength Index (RSI)

RSI14 is 61 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

ICU Medical finds support from accumulated volume at $293.20.

Support: $293.20 Price: $294.40 Resistance: $294.65

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 $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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Hold/Accumulate

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?
Zacks Investment Research is releasing its prediction for ICUI based on the 1-3 month system that more than doubles the S&P 500.

Click here – the ICUI analysis is free »
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