Fri 17'th Aug 2018
TransEnterix, Inc Stock Analysis
Technical stock analysis for Fri 17'th Aug 2018
|Shorts||5.21% ( 2018-07-31 )|
TransEnterix, Inc gained 2.93% in the last trading day, rising from $4.44 to $4.57 , 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. The price has risen in 6 of the last 10 days , but is still down by -12.62% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.78 million more shares were traded than the day before. In total, 3.04 million shares bought and sold for approximately $13.87 million.
TransEnterix, Inc lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $4.43 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 41.08% during the next 3 months and, with 90% probability hold a price between $6.25 and $9.88 at the end of this period.
A buy signal was issued from a pivot bottom point on Tuesday August 14, 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. TransEnterix, 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 $4.75. On a fall, the stock will find some support from the short-term average at $4.57. 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 38 and the stock is currently not being overbought or oversold
Support & Resistance
TransEnterix, Inc finds support from accumulated volume at $4.36.
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 $0.27 between high and low, or 6.08%. For the last week, the stock has had a daily average volatility of 7.36%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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TransEnterix, 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.Click for Top 5 Sell Candidates
|TRXC $4.57 $0.13(2.93%)|
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