VOLUME
Buy
TREND
Sell
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

TRHC Forecast and Technical Stock Analysis

Buy candidate since 2019-07-09 Gain 3.27%

Tabula Rasa HealthCare Inc gained 0.41% in the last trading day ( Friday, 12th Jul 2019 ), rising from $54.03 to $54.25 , and has now gained 5 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 2.31% from a day low at $53.70 to a day high of $54.94. The price has risen in 8 of the last 10 days and is up by 10.2% 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, 52 406 more shares were traded than the day before. In total, 267 357 shares bought and sold for approximately $14.50 million.

Quick summary:

  • 30 day high of the TRHC stock price was $55.59 and low was $44.99.
  • 90 day high was $56.67 and low was $40.86.
  • 52 week high for the Tabula Rasa HealthCare Inc - $91.16 and low - $40.86.
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Trend

Tabula Rasa HealthCare Inc lies the upper part of a very 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 $55.18 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 -2.45% during the next 3 months and, with 90% probability hold a price between $39.83 and $53.83 at the end of this period.

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Signals

Only positive signals in the chart today. Tabula Rasa HealthCare 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 $52.47 and $48.08. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 02, 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)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 53 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Tabula Rasa HealthCare Inc finds support from accumulated volume at $53.70.

Support: $53.70 Price: $54.25 Resistance: $54.50

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 $1.24 between high and low, or 2.31%. For the last week, the stock has had a daily average volatility of 3.45%.

Our recommended stoploss: $51.83 (-4.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 7 days ago.)

3.45 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

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.

Weaker Buy Today TRHC ranks #1127 as BUY CANDIDATE #1127 Stronger Buy

Will TRHC stock price go up or down on Tue, 16 Jul 2019?

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