Sensus Healthcare Inc Stock Forecast
Sensus Healthcare Inc stock price ended at $3.29 on Friday, after gaining 1.23%.
(Updated on Apr 19, 2024)
The Sensus Healthcare Inc stock price gained 1.23% on the last trading day (Friday, 19th Apr 2024), rising from $3.25 to $3.29. During the last trading day the stock fluctuated 4.58% from a day low at $3.24 to a day high of $3.39. The price has been going up and down for this period, and there has been a -4.64% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 58 thousand more shares were traded than the day before. In total, 93 thousand shares were bought and sold for approximately $307.00 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.68% during the next 3 months and, with a 90% probability hold a price between $2.24 and $4.45 at the end of this 3-month period.
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SRTS Signals & Forecast
There are mixed signals in the stock today. The Sensus Healthcare Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.64. On a fall, the stock will find some support from the short-term average at $3.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -32.99%. 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). Sensus Healthcare Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Sensus Healthcare Inc stock
Sensus Healthcare Inc finds support from accumulated volume at $3.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the 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 $0.149 between high and low, or 4.58%. For the last week, the stock has had daily average volatility of 6.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRTS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Sensus Healthcare Inc to open at $3.31, and during the day (based on 14 day Average True Range), to move between $3.04 and $3.54, which gives a possible trading interval of +/-$0.252 (+/-7.65%) up or down from last closing price. If Sensus Healthcare Inc takes out the full calculated possible swing range there will be an estimated 15.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.25 (1.22%) than the resistance at $3.36 (2.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sensus Healthcare Inc stock A Buy?
Sensus Healthcare Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.645 Sell Candidate Unchanged
Predicted Opening Price for Sensus Healthcare Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $3.31 ( 0.522%) | $3.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.46 | 5.04 % | |
| R2 | 3.40 | 3.31 % | ||
| R1 | 3.36 | 2.25 % | ||
| Current price: | 3.29 | |||
| Support | S1 | 3.25 | -1.20 % | |
| S2 | 3.22 | -2.27 % | ||
| S3 | 3.16 | -3.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.55 | 7.90 % | |
| R2 | 3.52 | 6.99 % | ||
| R1 | 3.36 | 2.13 % | ||
| Current price | 3.29 | |||
| Support | S1 | 3.25 | -1.22% | |
| S2 | 3.20 | -2.74% | ||
| S3 | 3.16 | -3.95% |
FAQ
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