OSI Systems Stock Forecast
Red day on Wednesday for OSI Systems
(Updated on Apr 24, 2024)
The OSI Systems stock price fell by -0.788% on the last day (Wednesday, 24th Apr 2024) from $140.82 to $139.71. During the last trading day the stock fluctuated 2.39% from a day low at $138.86 to a day high of $142.18. The price has risen in 5 of the last 10 days and is up by 2.36% over the past 2 weeks. Volume has increased on the last day by 35 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, 106 thousand shares were bought and sold for approximately $14.84 million.
The stock lies in the middle of a 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 6.85% during the next 3 months and, with a 90% probability hold a price between $143.65 and $155.49 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
OSIS Signals & Forecast
The OSI Systems stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $137.35 and $136.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 4.38%. 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. 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 $137.31 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 $3.32 between high and low, or 2.39%. For the last week the stock has had daily average volatility of 2.61%.
Our recommended stop-loss: $134.65 (-3.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (OSIS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect OSI Systems to open at $140.25, and during the day (based on 14 day Average True Range), to move between $136.36 and $143.06, which gives a possible trading interval of +/-$3.35 (+/-2.40%) up or down from last closing price. If OSI Systems takes out the full calculated possible swing range there will be an estimated 4.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $140.67 (0.69%) than the support at $137.31 (1.72%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
OSI Systems will release earnings BMO on Thursday, April 25, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.11. We will update the financials statements for OSI Systems, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.21% in the first trading day after earnings release.
Is OSI Systems stock A Buy?
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 OSI Systems stock to perform well in the short-term.
Current score: 3.545 Buy Candidate Unchanged
Predicted Opening Price for OSI Systems of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| $140.25 ( 0.385%) | $139.71 |
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 | 143.56 | 2.76 % | |
| R2 | 142.30 | 1.85 % | ||
| R1 | 141.51 | 1.29 % | ||
| Current price: | 139.71 | |||
| Support | S1 | 138.98 | -0.521 % | |
| S2 | 138.20 | -1.08 % | ||
| S3 | 136.93 | -1.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 142.82 | 2.23 % | |
| R2 | 141.44 | 1.24 % | ||
| R1 | 140.67 | 0.687 % | ||
| Current price | 139.71 | |||
| Support | S1 | 137.31 | -1.72% | |
| S2 | 134.39 | -3.81% | ||
| S3 | 132.59 | -5.10% |
FAQ
Click here for our free guide on how to buy OSI Systems Stock.
