Fri 20'th Jul 2018
STAAR Surgical Company Stock Analysis
Technical stock analysis for Fri 20'th Jul 2018
|Shorts||1.74% ( 2018-06-29 )|
No changes to the price of STAAR Surgical Company in the last trading day. The price has risen in 5 of the last 10 days and is up by 4.79% over the past 2 weeks.
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 70.51% during the next 3 months and, with 90% probability hold a price between $55.01 and $67.53 at the end of this period.
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 $33.26 and $31.18. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday July 19, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention for the next couple of days.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
The stock holds a RSI14 at 80 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
STAAR Surgical Company finds support from accumulated volume at $32.65.
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 $0.58 (1.71%) between high and low. For the last week, the stock has had a daily average volatility of 4.66%.
Our recommended stoploss: $32.61 (-3.82%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from pivot top found 1 days ago.)
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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.Click for Top 5 Buy Candidates
|STAA $33.90 $0.00(0.00%)|
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