Tandem Diabetes Care Stock Analysis
Technical stock analysis for Tue 11'th Dec 2018
Tandem Diabetes Care gained 3.61% in the last trading day, rising from $35.18 to $36.45 , and has now gained 3 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. The price has risen in 6 of the last 10 days and is up by 7.74% 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, 0.20 million more shares were traded than the day before. In total, 1.70 million shares bought and sold for approximately $62.07 million.
Tandem Diabetes Care lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.39% during the next 3 months and, with 90% probability hold a price between $20.45 and $32.54 at the end of this period.
Only positive signals in the chart today. Tandem Diabetes Care 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 $35.80 and $35.09. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday December 07, 2018, 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 65 and the stock is currently not being overbought or oversold
Support & Resistance
Tandem Diabetes Care finds support from accumulated volume at $36.27.
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 $2.67 between high and low, or 7.52%. For the last week, the stock has had a daily average volatility of 8.82%.
Our recommended stoploss: $34.78 (-4.57%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
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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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|TNDM $36.45 $1.27(3.61%)|
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