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STAA - STAAR Surgical Company

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

Strong Buy Candidate
Buy Score Rank #81 out of #5176
Fri 18'th Aug 2017

PERIOD COVERED
2017-05-19 - 2017-08-18
CHANGE
1.29%
PRICE
$11.75
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

BOLLINGER
Buy
Request Prediction
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STAAR Surgical Company Stock Analysis

Technical stock analysis for Fri 18'th Aug 2017

Buy candidate since 2017-08-04 Gain 12.98%

STAAR Surgical Company gained 1.29% in the last trading day, rising from $11.60 to $11.75 The price has risen in 7 of the last 10 days and is up by 12.98% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 12 158 more shares were traded than the day before. In total, 127 199 shares bought and sold for approximately $1.49 million.

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 20.85% during the next 3 months and, with 90% probability hold a price between $12.96 and $14.74 at the end of this period.

Signals

Only positive signals in the chart today. STAAR Surgical Company 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 $11.65 and $10.62. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday August 17, 2017, which indicates further gains until a new top pivot has been found. STAAR Surgical Company has rising 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.

Relative Strength Index (RSI)

The stock holds a RSI14 at 74 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

On the downside, the stock finds support just below today's level from accumulated volume at $10.90 and $10.20. On the upside the stock meets some resistance just above today's level from accumulated volume at $11.80 and $11.90.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, STAAR Surgical Company finds support just below today's level at $10.90. If this is broken, then the next support from accumulated volume will be at $10.20 and $9.60. The stock is about to test the resistance from accumulated volume at $11.80 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $10.90 Price: $11.75 Resistance: $11.80
S: $10.90 Price: $11.75 R: $11.80

Risk

This stock may move much during a 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 $0.45 between high and low, or 3.93%. For the last week, the stock has had a daily average volatility of 3.80%.

Our recommended stoploss: $11.07 (-5.75%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 74 and this increases the risk substantially. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Overall risk:

           

Evaluation

STAAR Surgical Company 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.

Strong Buy Candidate

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