OSI Systems Forecast and Stock Analysis
Technical OSIS stock analysis for March 22, 2019.
OSI Systems fell by -2.77% in the last day from $88.02 to $85.58 The price has fallen in 6 of the last 10 days , but is still up by 0.99% over the past 2 weeks. Volume has increased in the last day by 64 391 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 154 624 shares bought and sold for approximately $13.23 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the OSIS stock was $85.58. This is 2.77% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 2.59% from a day low at $85.44 to a day high of $87.65.
30 day high of the OSIS stock price was $91.19 and low was $84.43.
90 day high was $91.19 and low was $68.58.
52 week high for the OSI Systems - $91.19 and low - $61.51.
OSI Systems has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $85.89. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. 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 $86.56 and $87.06. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
* 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.
Relative Strength Index (RSI)
RSI14 is 46 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 $73.78 and $73.74.
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, OSI Systems finds support just below today's level at $73.78. If this is broken, then the next support from accumulated volume will be at $73.74 and $71.90.
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 $2.21 (2.59%) between high and low. For the last week, the stock has had a daily average volatility of 2.42%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Very Low Low Medium High Very High
Evaluation: Sell Candidate
The OSI Systems stock holds several negative signals and despite the positive trend we believe OSI Systems will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.