Help us make better tools for you!. Read more (Published: 2017-01-12)

KTWO - K2M Group Holdings Tue 24'th Jan 2017

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Strong Buy Candidate

Score: 5.09

#800 of 5186
Trend:
MV Long:
MV Short:
Pivot:
Volume:
MACD:
Accuracy: 89.29%
Risk: Medium
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Stock analysis for Tue 24'th Jan 2017 (Updated daily)

Buy candidate since 2017-01-24

K2M Group Holdings Stock Analysis


K2M Group Holdings gained 1.26% in the last trading day, rising from USD 21.49 to USD 21.76. The price has been going up and down for this period, and there has been a 2.64% gain for the last 2 weeks. Volume also increased in the last day along with the price, which is a positive technical sign, and, in total, 4 627 more shares were traded than the day before. In total, 238 320 shares bought and sold for approximately USD 5.19 million.

Trend

K2M Group Holdings lies in the middle of a wide and strong 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 23.4% during the next 3 months and, with 90% probability hold a price between USD 25.49 and USD 28.63 at the end of this period.

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 USD 21.72 and USD 20.75. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 19, 2017, 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.

Relative Strength Index (RSI)

RSI14 is 65 and the stock is currently not being overbought or oversold

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at USD 19.03 and USD 18.52. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 21.77, USD 21.94 and USD 22.54.

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 19.03. If this is broken, then the next support from accumulated volume will be at 18.52 and 17.88. The stock is about to test the resistance from accumulated volume at USD 21.77 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

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 USD 0.53 between high and low, or 2.49%. For the last week, the stock has had a daily average volatility of 3.89%.

Our recommended stoploss: USD 20.92 (-3.86%) ( criteria: risk and position in trend)

Evaluation

K2M Group Holdings holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at current levels and are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Strong Buy Candidate.

Strong Buy Candidate


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