The Spectranetics Corporation Fund Forecast
The Spectranetics Corporation fund price ended at $38.45 on Friday, after losing 0%.
(Updated on Aug 25, 2017)
No changes to the price of The Spectranetics Corporation fund on the last trading day (Friday, 25th Aug 2017). During the last trading day the fund fluctuated 0.130% from a day low at $38.45 to a day high of $38.50. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The fund lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $37.88 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the fund is expected to rise 44.94% during the next 3 months and, with a 90% probability hold a price between $54.90 and $62.90 at the end of this 3-month period.
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SPNC Signals & Forecast
There are mixed signals in the fund today. A sell signal was issued from a pivot top point on Wednesday, August 02, 2017, and so far it has fallen -0.259%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The The Spectranetics Corporation fund 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 $38.45 and $38.45. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for The Spectranetics Corporation fund
The Spectranetics Corporation finds support from accumulated volume at $38.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved $0.0500 between high and low, or 0.130%. For the last week the fund has had daily average volatility of 0.130%.
Our recommended stop-loss: $36.91 (-4.02%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (SPNC) For The Upcoming Trading Day Of Monday 28th
For the upcoming trading day on Monday, 28th we expect The Spectranetics Corporation to open at $38.47, and during the day (based on 14 day Average True Range), to move between $38.32 and $38.58, which gives a possible trading interval of +/-$0.132 (+/-0.34%) up or down from last closing price. If The Spectranetics Corporation takes out the full calculated possible swing range there will be an estimated 0.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.48 (0.07%) than the support at $38.40 (0.13%), 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 The Spectranetics Corporation fund A Buy?
The Spectranetics Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.180 Hold/Accumulate Unchanged
Predicted Opening Price for The Spectranetics Corporation of Monday, August 28, 2017
| Fair opening price August 28, 2017 | Current price |
|---|---|
| $38.47 ( 0.0433%) | $38.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPNC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.52 | 0.173 % | |
| R2 | 38.50 | 0.124 % | ||
| R1 | 38.49 | 0.0930 % | ||
| Current price: | 38.45 | |||
| Support | S1 | 38.45 | -0.0063 % | |
| S2 | 38.44 | -0.0370 % | ||
| S3 | 38.42 | -0.0867 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.55 | 0.260 % | |
| R2 | 38.50 | 0.130 % | ||
| R1 | 38.48 | 0.0650 % | ||
| Current price | 38.45 | |||
| Support | S1 | 38.40 | -0.130% | |
| S2 | 38.38 | -0.195% | ||
| S3 | 38.35 | -0.260% |
FAQ
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