Surgical Care Affiliates Fund Forecast

Surgical Care Affiliates fund price down 0% on Monday
(Updated on Apr 03, 2017)

SCAI Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 23, 2017, and so far it has fallen 0%. 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 Surgical Care Affiliates fund holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $55.87 and $56.45. 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 fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Surgical Care Affiliates fund

On the downside, the fund finds support just below today's level from accumulated volume at $48.75 and $47.05. There is a natural risk involved when a fund is testing a support level, since if this is broken, the fund then may fall to the next support level. In this case, Surgical Care Affiliates finds support just below today's level at $48.75. If this is broken, then the next support from accumulated volume will be at $47.05 and $46.65.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Surgical Care Affiliates is oversold on RSI14 (8). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SCAI) For The Upcoming Trading Day Of Tuesday 4th

For the upcoming trading day on Tuesday, 4th we expect Surgical Care Affiliates to open at $55.87, and during the day (based on 14 day Average True Range), to move between $55.70 and $56.04, which gives a possible trading interval of +/-$0.171 (+/-0.31%) up or down from last closing price. If Surgical Care Affiliates takes out the full calculated possible swing range there will be an estimated 0.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $56.59 (1.29%) than the support at $48.75 (12.74%), 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.

Is Surgical Care Affiliates fund A Buy?

The Surgical Care Affiliates fund holds several negative signals and despite the positive trend, we believe Surgical Care Affiliates will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this fund.

Current score: -2.781 Sell Candidate Unchanged

Predicted Opening Price for Surgical Care Affiliates of Tuesday, April 4, 2017

The predicted opening price is based on yesterday's movements between high, low, and closing price.