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Weaker Buy Today TCMD ranks #1231 as BUY CANDIDATE #1231 Stronger Buy

TCMD stock forecast Tactile Systems Technology Inc

TCMD stock forecast

Wednesday June 19, 2019 Change 0.87% Price $55.88
Chart period: 2019-03-20 - 2019-06-19
VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will TCMD stock price go up or down on Fri, 21 Jun 2019?

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Tactile Systems Technology Inc Forecast and Stock Analysis

Technical TCMD stock analysis for Wednesday June 19, 2019.

Buy candidate since 2019-06-17 Gain 4.33%


Tactile Systems Technology Inc gained 0.87% in the last trading day ( Wednesday, 19th Jun 2019 ), rising from $55.40 to $55.88 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 1.89% from a day low at $55.00 to a day high of $56.04. The price has risen in 7 of the last 10 days and is up by 9.72% 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, 21 901 more shares were traded than the day before. In total, 163 781 shares bought and sold for approximately $9.15 million.

Quick summary:

  • 30 day high of the TCMD stock price was $56.04 and low was $47.31.
  • 90 day high was $61.45 and low was $47.28.
  • 52 week high for the Tactile Systems Technology Inc - $76.63 and low - $37.40.

Trend

Tactile Systems Technology Inc lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $56.97 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.98% during the next 3 months and, with 90% probability hold a price between $44.83 and $54.70 at the end of this period.

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Signals

Only positive signals in the chart today. Tactile Systems Technology Inc 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 $53.78 and $52.08. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday June 14, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A sell signal from a double top formation was found on Monday June 10, 2019 and based on theory for this formation the price should fall by -1.04% to $52.58 within 2 trading days since signal was issued (Wednesday June 12, 2019).

Relative Strength Index (RSI)

RSI14 is 66 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Tactile Systems Technology Inc finds support from accumulated volume at $55.77.

Support: $55.77 Price: $55.88 Resistance: $55.98

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 $1.04 between high and low, or 1.89%. For the last week, the stock has had a daily average volatility of 3.50%.

Our recommended stoploss: $53.35 (-4.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 3 days ago.)

3.50 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Several short-term signals are positive, despite the stock being in a falling trend, 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.

Buy Candidate Downgraded
Weaker Buy Today TCMD ranks #1231 as BUY CANDIDATE #1231 Stronger Buy

Will TCMD stock price go up or down on Fri, 21 Jun 2019?

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