Sensus Healthcare Inc Stock Analysis
Technical stock analysis for 18 January 2019
Sensus Healthcare Inc fell by -0.73% in the last day from $8.20 to $8.14 The price has risen in 5 of the last 10 days and is up by 6.41% 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 -7 498 shares and in total 31 332 shares bought and sold for approximately $255 042.00.
Close price at the end of the last trading day (Friday, 18th Jan 2019) of the SRTS stock was $8.14. This is 0.73% less than the trading day before Thursday, 17th Jan 2019.
During day the stock fluctuated 2.50% from a day low at $8.00 to a day high of $8.20.
30 day high of the SRTS stock price was $8.46 and low was $5.61.
90 day high was $8.46 and low was $5.31.
52 week high for the Sensus Healthcare Inc - $8.88 and low - $5.00.
Sensus Healthcare Inc lies in the middle of a very wide and strong 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 29.71% during the next 3 months and, with 90% probability hold a price between $8.27 and $11.19 at the end of this period.
Sensus Healthcare Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $8.06 and $6.71. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 10, 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Relative Strength Index (RSI)
The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Sensus Healthcare Inc finds support from accumulated volume at $8.00.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.20 between high and low, or 2.50%. For the last week the stock has had a daily average volatility of 4.57%.
Our recommended stoploss: $7.63 (-6.21%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 73 and this increases the risk substantially. There is a buy signal from pivot bottom found 6 days ago.)
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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 this stock to perform well in the short-term.