Tactile Systems Technology Inc Forecast and Stock Analysis
Technical TCMD stock analysis for Wednesday June 19, 2019.
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.
- 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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 66 and the stock is currently not being overbought or oversold
Support & Resistance
Tactile Systems Technology Inc finds support from accumulated volume at $55.77.
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
Very Low Low Medium High Very High
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.
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|TCMD $55.88 ($0.48 0.87%)|
TCMD is up $0.48 today, but where's it headed in 2019?
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