OSIS Forecast and Technical Stock Analysis
Buy candidate since 2019-08-16
OSI Systems gained 0.62% in the last trading day ( Friday, 16th Aug 2019 ), rising from $103.43 to $104.07 During the day the stock fluctuated 2.26% from a day low at $103.32 to a day high of $105.65. The price has been going up and down for this period, and there has been a -5.02% loss for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 336 352 more shares were traded than the day before. In total, 535 407 shares bought and sold for approximately $55.72 million.
- 30 day high of the OSIS stock price was $114.58 and low was $103.30.
- 90 day high was $117.21 and low was $99.82.
- 52 week high for OSI Systems - $117.21 and low - $67.15.
OSI Systems lies in the lower part of a wide and weak rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $103.49 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.19% during the next 3 months and, with 90% probability hold a price between $106.79 and $122.57 at the end of this period.
OSI Systems holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $106.01 and $111.06. A break-up above any of these levels will issue buy signals. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday August 15, 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.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 25 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
OSI Systems finds support from accumulated volume at $103.43.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.33 (2.26%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: $97.19 (-6.61%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
1.83 %Average volatility
Very Low Low Medium High Very High
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, for the wholesome period, we think that today's level holds a possible buying-opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.
|OSIS $104.07 ($0.64 0.62%)|
OSIS is up $0.64 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for OSIS based on the 1-3 month system that more than doubles the S&P 500.
This report is free today for StockInvest.us readers.
Click here – the OSIS analysis is free »
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!