Tabula Rasa HealthCare Inc Forecast and Stock Analysis
Technical TRHC stock analysis for February 15, 2019.
Tabula Rasa HealthCare Inc gained 5.15% in the last trading day, rising from $55.13 to $57.97 , 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 0.83% 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, 197 987 more shares were traded than the day before. In total, 509 359 shares bought and sold for approximately $29.53 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the TRHC stock was $57.97. This is 5.15% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 8.00% from a day low at $54.23 to a day high of $58.57.
30 day high of the TRHC stock price was $68.99 and low was $50.62.
90 day high was $78.20 and low was $50.62.
52 week high for the Tabula Rasa HealthCare Inc - $91.16 and low - $28.55.
Tabula Rasa HealthCare Inc 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 -18.74% during the next 3 months and, with 90% probability hold a price between $36.70 and $52.72 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday February 07, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. Tabula Rasa HealthCare Inc holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $60.67. On a fall, the stock will find some support from the short-term average at $54.65. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.
Relative Strength Index (RSI)
RSI14 is 49 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $53.96 and $52.81.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tabula Rasa HealthCare Inc finds support just below today's level at $53.96. If this is broken, then the next support from accumulated volume will be at $52.81 and $52.79.
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 $4.34 between high and low, or 8.00%. For the last week, the stock has had a daily average volatility of 5.67%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Tabula Rasa HealthCare Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.