STAA - STAAR Surgical Company

Industry: Medical Instruments & Supplies Sector: Healthcare Exchange: NASDAQ

Wed 13'th Dec 2017

PERIOD 2017-09-14 - 2017-12-13
CHANGE 0.00%
PRICE $16.00
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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STAAR Surgical Company Stock Analysis

Technical stock analysis for Wed 13'th Dec 2017

Shorts 9.82% ( 2017-11-15 )
Cash 57.1 mill
Loans 27.4 mill
Beta 1.19
ROA -3.05
Buy candidate since 2017-11-03 Gain 26.98%

No changes to the price of STAAR Surgical Company in the last trading day. The price has fallen in 5 of the last 10 days and is down by -8.05% for this period.

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Trend

STAAR Surgical Company lies in the middle of a 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 46.55% during the next 3 months and, with 90% probability hold a price between $22.11 and $26.85 at the end of this period.

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Signals

Only positive signals in the chart today. STAAR Surgical Company 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 $16.34. On a fall, the stock will find some support from the long-term average at approximately $15.30. 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 Monday December 11, 2017, which indicates further gains until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 42 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

STAAR Surgical Company finds support from accumulated volume at $15.45. On the upside the stock meets some resistance just above today's level from accumulated volume at $16.30, $16.65 and $16.70.

The stock is about to test the resistance from accumulated volume at $16.30 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $15.45 Price: $16.00 Resistance: $16.30

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.30 (1.89%) between high and low. For the last week, the stock has had a daily average volatility of 3.18%.

Our recommended stoploss: $14.95 (-6.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

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