Sensus Healthcare Inc Stock Analysis
Technical stock analysis for 22 January 2019
Sensus Healthcare Inc fell by -0.61% in the last day from $8.14 to $8.09 and has now fallen 3 days in a row. The price has been going up and down for this period, and there has been a 1.25% gain for the last 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 -3 851 shares and in total 27 481 shares bought and sold for approximately $222 321.00.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the SRTS stock was $8.09. This is 0.61% less than the trading day before Friday, 18th Jan 2019.
During day the stock fluctuated 2.37% from a day low at $8.01 to a day high of $8.20.
30 day high of the SRTS stock price was $8.46 and low was $6.02.
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 30.78% during the next 3 months and, with 90% probability hold a price between $8.46 and $11.35 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 $8.09 and $6.77. 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)
RSI14 is 67 and the stock is currently not being overbought or oversold
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 $0.19 between high and low, or 2.37%. For the last week the stock has had a daily average volatility of 3.53%.
Our recommended stoploss: $7.57 (-6.43%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 7 days ago.)
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Sensus Healthcare Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.