OSI Systems Stock Analysis
Technical stock analysis for 22 January 2019
OSI Systems fell by -3.81% in the last day from $76.70 to $73.78 and has now fallen 3 days in a row. The price has risen in 6 of the last 10 days and is up by 2.15% over the past 2 weeks. Volume has increased in the last day by 81 623 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, 219 648 shares bought and sold for approximately $16.21 million.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the OSIS stock was $73.78. This is 3.81% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 4.87% from a day low at $73.06 to a day high of $76.62.
30 day high of the OSIS stock price was $78.18 and low was $68.58.
90 day high was $78.18 and low was $67.15.
52 week high for the OSI Systems - $82.94 and low - $50.50.
OSI Systems lies in the middle of a wide and weak 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 4.51% during the next 3 months and, with 90% probability hold a price between $72.75 and $82.34 at the end of this period.
There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Thursday January 17, 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. OSI Systems holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $75.92. On a fall, the stock will find some support from the long-term average at approximately $73.07. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.
* 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 51 and the stock is currently not being overbought or oversold
Support & Resistance
OSI Systems finds support from accumulated volume at $72.40.
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 $3.56 (4.87%) between high and low. For the last week, the stock has had a daily average volatility of 3.01%.
Our recommended stoploss: $70.09 (-5.00%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from pivot top found 2 days ago.)
Very Low Low Medium High Very High
OSI Systems holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.
|OSIS $73.78 $-2.92(-3.81%)|
OSIS is down $2.92 today, but where's it headed in 2019?
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