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Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE 0.27%
PRICE $3.73
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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TransEnterix, Inc Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-05-07 Gain 108.38%

TransEnterix, Inc gained 0.27% in the last trading day, rising from $3.72 to $3.73 , 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 been going up and down for this period, and there has been a -0.53% loss for the last 2 weeks. Volume fell in the last day by -1.39 million shares, and in total, 3.79 million shares bought and sold for approximately $0.00. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Shorts 5.17% ( 2018-05-31 )
Cash 54.2 mill
Loans 25.7 mill
Beta 1.83
ROA -59.39

Trend

TransEnterix, Inc lies in the middle of a very 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 127.85% during the next 3 months and, with 90% probability hold a price between $6.50 and $9.38 at the end of this period.

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Signals

Only positive signals in the chart today. TransEnterix, 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 $3.64 and $2.83. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday June 13, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 64 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $3.43 and $3.41.

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, TransEnterix, Inc finds support just below today's level at $3.43. If this is broken, then the next support from accumulated volume will be at $3.41 and $2.85.

Support: $3.43 Price: $3.73 Resistance: $3.75

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 $0.13 between high and low, or 3.56%. For the last week, the stock has had a daily average volatility of 6.05%.

Our recommended stoploss: $3.56 (-4.57%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and 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.

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