Wednesday June 19, 2019 Change 0.57% Price $113.45
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will OSIS stock price go up or down on Thu, 20 Jun 2019?

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OSI Systems Forecast and Stock Analysis

Technical OSIS stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-05-20 Gain 11.76%


OSI Systems gained 0.57% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $112.81 to $113.45 , and has now gained 3 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. During day the stock fluctuated 0.85% from a day low at $112.56 to a day high of $113.52. The price has risen in 6 of the last 10 days and is up by 2.35% over the past 2 weeks. Volume fell in the last day by -71 076 shares, and in total, 133 106 shares bought and sold for approximately $15.10 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the OSIS stock price was $113.88 and low was $99.82.
  • 90 day high was $113.88 and low was $84.76.
  • 52 week high for the OSI Systems - $113.88 and low - $67.15.

Trend

OSI Systems 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 34.58% during the next 3 months and, with 90% probability hold a price between $140.19 and $159.65 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. OSI Systems 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 $112.67 and $105.93. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

The stock had a Golden Star Signal* on Thursday March 28, 2019 in the short-term chart.

* 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock holds a RSI14 at 83 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.

Access full RSI 14 and RSI 21 lists

Support & Resistance

OSI Systems finds support from accumulated volume at $110.85.

Support: $110.85 Price: $113.45

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 $0.96 between high and low, or 0.85%. For the last week, the stock has had a daily average volatility of 1.14%.

Our recommended stoploss: $107.65 (-5.11%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from pivot bottom found 21 days ago.)

1.14 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals, along with a general good trend, are positive and 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.

Buy Candidate Upgraded
Weaker Buy Today OSIS ranks #549 as BUY CANDIDATE #549 Stronger Buy

Will OSIS stock price go up or down on Thu, 20 Jun 2019?

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