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KTWO - K2M Group Holdings

Industry: Medical Appliances & Equipment Sector: Healthcare Exchange: NASDAQ

Fri 19'th Jan 2018

PERIOD 2017-10-20 - 2018-01-19
CHANGE 1.96%
PRICE $20.85
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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K2M Group Holdings Stock Analysis

Technical stock analysis for Fri 19'th Jan 2018

Shorts 7.32% ( 2017-12-29 )
Cash 154.6 mill
Loans 293.1 mill
Beta 1.46
ROA -10.38
Buy candidate since 2018-01-18 Gain 1.96%

K2M Group Holdings gained 1.96% in the last trading day, rising from $20.45 to $20.85 The price has risen in 7 of the last 10 days and is up by 13.93% 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, 22 463 more shares were traded than the day before. In total, 265 396 shares bought and sold for approximately $5.53 million.

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Trend

K2M Group Holdings has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $20.70 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $24.32 sometime during the next 3 months.

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Signals

Only positive signals in the chart today. K2M Group Holdings 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 $20.49 and $18.69. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday January 09, 2018, 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.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 75 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

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Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $18.30 and $18.00. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, K2M Group Holdings finds support just below today's level at $18.30. If this is broken, then the next support from accumulated volume will be at $18.00 and $17.99.

Support: $18.30 Price: $20.85

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.97 between high and low, or 4.84%. For the last week, the stock has had a daily average volatility of 2.91%.

The stock is extremely overbought on RSI14 (75). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $19.73 (-5.35%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 75 and this increases the risk substantially. There is a buy signal from pivot bottom found 7 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rising rate. We conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term period. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

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