STAAR Surgical Company Stock Forecast
STAAR Surgical Company stock price ended at $38.28 on Thursday, after gaining 1.54%.
(Updated on Mar 28, 2024)
The STAAR Surgical Company stock price gained 1.54% on the last trading day (Thursday, 28th Mar 2024), rising from $37.70 to $38.28. During the last trading day the stock fluctuated 3.31% from a day low at $37.35 to a day high of $38.59. The price has risen in 6 of the last 10 days and is up by 0.66% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 105 thousand more shares were traded than the day before. In total, 501 thousand shares were bought and sold for approximately $19.18 million.
The stock 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 29.13% during the next 3 months and, with a 90% probability hold a price between $42.89 and $52.31 at the end of this 3-month period.
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STAA Signals & Forecast
The STAAR Surgical Company stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $37.81 and $34.36. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -3.36%. 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).
Support, Risk & Stop-loss for STAAR Surgical Company stock
On the downside, the stock finds support just below today's level from accumulated volume at $34.00 and $31.74. There is a 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 $34.00. If this is broken, then the next support from accumulated volume will be at $31.74 and $31.02.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.24 between high and low, or 3.31%. For the last week, the stock has had daily average volatility of 4.59%.
Our recommended stop-loss: $36.46 (-4.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (STAA) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect STAAR Surgical Company to open at $38.07, and during the day (based on 14 day Average True Range), to move between $36.45 and $40.11, which gives a possible trading interval of +/-$1.83 (+/-4.78%) up or down from last closing price. If STAAR Surgical Company takes out the full calculated possible swing range there will be an estimated 9.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $38.78 (1.31%) than the support at $34.00 (11.18%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is STAAR Surgical Company stock A Buy?
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 STAAR Surgical Company stock to perform well in the short-term.
Current score: 2.643 Buy Candidate Unchanged
Predicted Opening Price for STAAR Surgical Company of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$38.07 ( 0.538%) | $38.28 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STAA
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.31 | 2.70 % | |
R2 | 38.84 | 1.46 % | ||
R1 | 38.55 | 0.697 % | ||
Current price: | 38.28 | |||
Support | S1 | 37.60 | -1.77 % | |
S2 | 37.31 | -2.54 % | ||
S3 | 36.84 | -3.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 39.61 | 3.47 % | |
R2 | 38.98 | 1.83 % | ||
R1 | 38.78 | 1.31 % | ||
Current price | 38.28 | |||
Support | S1 | 34.00 | -11.18% | |
S2 | 31.74 | -17.08% | ||
S3 | 31.02 | -18.97% |
FAQ
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