RSI low/high Values: [ 20 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of TCMD
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Stronger technical forecast for Tactile Systems Technology Inc stock price after Wednesday trading.
(Updated on Mar 27, 2024)

Buy candidate since Mar 27, 2024 PDF

The Tactile Systems Technology Inc stock price gained 2.59% on the last trading day (Wednesday, 27th Mar 2024), rising from $15.46 to $15.86. During the last trading day the stock fluctuated 2.17% from a day low at $15.64 to a day high of $15.98. The price has risen in 6 of the last 10 days but is still down by -1.49% for this period. Volume fell on the last day by -94 thousand shares and in total, 108 thousand shares were bought and sold for approximately $1.72 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 15.44% during the next 3 months and, with a 90% probability hold a price between $17.10 and $19.68 at the end of this 3-month period.

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TCMD Signals & Forecast

A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -5.31%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Tactile Systems Technology Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $16.12. On a fall, the stock will find some support from the long-term average at approximately $15.55. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Tactile Systems Technology Inc stock

Tactile Systems Technology Inc finds support from accumulated volume at $15.84 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.340 between high and low, or 2.17%. For the last week, the stock has had daily average volatility of 4.52%.

Our recommended stop-loss: $15.11 (-4.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (TCMD) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Tactile Systems Technology Inc to open at $15.83, and during the day (based on 14 day Average True Range), to move between $15.18 and $16.54, which gives a possible trading interval of +/-$0.676 (+/-4.26%) up or down from last closing price. If Tactile Systems Technology Inc takes out the full calculated possible swing range there will be an estimated 8.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $15.84 (0.13%) than the resistance at $16.31 (2.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tactile Systems Technology Inc stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

Current score: 1.077 Buy Candidate Upgraded

Predicted Opening Price for Tactile Systems Technology Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$15.83 ( 0.210%) $15.86

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TCMD

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.17 1.93 %
R2 16.04 1.11 %
R1 15.96 0.609 %
Current price: 15.86
Support S1 15.70 -1.03 %
S2 15.62 -1.54 %
S3 15.49 -2.35 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 16.75 5.61 %
R2 16.44 3.66 %
R1 16.31 2.84 %
Current price 15.86
Support S1 15.84 -0.126%
S2 14.20 -10.47%
S3 14.13 -10.91%

FAQ

What is the symbol for Tactile Systems Technology Inc Stock and on which exchange is it traded?
The symbol for Tactile Systems Technology Inc is TCMD and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Tactile Systems Technology Inc Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.

How to buy Tactile Systems Technology Inc Stock?
Tactile Systems Technology Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tactile Systems Technology Inc Stock.

What's the current price of Tactile Systems Technology Inc Stock?
As of the end of day on the 2024-03-27, the price of an Tactile Systems Technology Inc (TCMD) share was $15.86.

What is the 52-week high and low for Tactile Systems Technology Inc Stock?
The 52-week high for Tactile Systems Technology Inc Stock is $26.11 and the 52-week low is $9.70.

What is the market capitalization of Tactile Systems Technology Inc Stock?
As of the 2024-03-27, the market capitalization of Tactile Systems Technology Inc is 374.306M.

When is the next earnings date for Tactile Systems Technology Inc?
The upcoming earnings date for Tactile Systems Technology Inc is May 13, 2024.
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About Tactile Systems Technology Inc

Tactile Systems Technology Tactile Systems Technology, Inc., a medical technology company, engages in the development and provision of medical devices for chronic diseases in the United States. The company offers Flexitouch Plus system, a pneumatic compression device for the treatment of lymphedema; Entre system, a portable pneumatic compression device that is used for the at-home treatment of venous disorders, such as lymphedema and chronic venous insufficiency, including... TCMD Profile

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