Previous Hold Today SILK ranks #2855 as HOLD CANDIDATE #2855 Next Hold

SILK stock forecast Silk Road Medical Inc.

SILK stock forecast

Thursday November 21, 2019 Change -0.05% Price $36.35
Your prediction: Prediction: Request
VOLUME
Sell
TREND
Sell
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy
Bullish vs. Bearish (4 opinions)
100%
0%
Social Sentiment 0.00

SILK Forecast and Technical Stock Analysis


Hold candidate since 2019-11-20 Loss -0.05% PDF

Silk Road Medical Inc. fell by -0.05% in the last day ( Thursday, 21st Nov 2019 ) from $36.37 to $36.35 During the day the stock fluctuated 3.01% from a day low at $35.60 to a day high of $36.67. The price has risen in 6 of the last 10 days and is up by 2.11% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -22 884 shares and in total 243 227 shares bought and sold for approximately $8.84 million.

Quick summary:

  • 30 day high of the SILK stock price was $38.00 and low was $30.35.
  • 90 day high was $44.28 and low was $27.83.
  • 52 week high for Silk Road Medical Inc. - $51.50 and low - $27.83.
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Trend

Silk Road Medical Inc. lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $39.05 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.99% during the next 3 months and, with 90% probability hold a price between $22.27 and $34.37 at the end of this period.

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Signals

Silk Road Medical Inc. 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 $36.76. On a fall, the stock will find some support from the long-term average at approximately $33.87. 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. A buy signal was issued from a pivot bottom point on Tuesday November 19, 2019, which indicates further gains 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 67 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

Silk Road Medical Inc. finds support from accumulated volume at $35.33.

Support: $35.33 Price: $36.35 Resistance: $39.91

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.07 between high and low, or 3.01%. For the last week, the stock has had a daily average volatility of 3.90%.

Our recommended stop-loss: $34.14 (-6.07%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

3.90 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

Silk Road Medical Inc. 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 further development.

Previous Hold Today SILK ranks #2855 as HOLD CANDIDATE #2855 Next Hold
Exchange: NASDAQ | NYSE | XLON | AMS | TSX | BRU

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