OSI Systems Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Weaker technical forecast for OSI Systems as stock downgraded to Sell Candidate.
(Updated on Apr 25, 2024)
The OSI Systems stock price fell by -3.98% on the last day (Thursday, 25th Apr 2024) from $139.71 to $134.15. During the last trading day the stock fluctuated 8.91% from a day low at $126.57 to a day high of $137.85. The price has fallen in 5 of the last 10 days and is down by -2.8% for this period. Volume has increased on the last day by 120 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 226 thousand shares were bought and sold for approximately $30.33 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $134.59. A reaction back to this level may hold a second chance to get out before further falls.
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OSIS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.224%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The OSI Systems stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $136.89 and $136.80. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for OSI Systems stock
OSI Systems finds support from accumulated volume at $132.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $11.28 between high and low, or 8.91%. For the last week the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OSIS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect OSI Systems to open at $132.86, and during the day (based on 14 day Average True Range), to move between $130.11 and $138.19, which gives a possible trading interval of +/-$4.04 (+/-3.01%) up or down from last closing price. If OSI Systems takes out the full calculated possible swing range there will be an estimated 6.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $132.59 (1.16%) than the resistance at $137.21 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is OSI Systems stock A Buy?
The OSI Systems stock holds several negative signals and despite the positive trend, we believe OSI Systems will perform weakly 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 analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.122 Sell Candidate Downgraded
Predicted Opening Price for OSI Systems of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $132.86 ( 0.96%) | $134.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OSIS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.14 | 7.44 % | |
| R2 | 139.83 | 4.23 % | ||
| R1 | 137.17 | 2.25 % | ||
| Current price: | 134.15 | |||
| Support | S1 | 128.55 | -4.18 % | |
| S2 | 125.89 | -6.16 % | ||
| S3 | 121.58 | -9.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 139.71 | 4.14 % | |
| R2 | 137.31 | 2.36 % | ||
| R1 | 137.21 | 2.28 % | ||
| Current price | 134.15 | |||
| Support | S1 | 132.59 | -1.16% | |
| S2 | 130.30 | -2.87% | ||
| S3 | 128.03 | -4.56% |
FAQ
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