Fri 15'th Jun 2018
TransEnterix, Inc Stock Analysis
Technical stock analysis for Fri 15'th Jun 2018
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 )|
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.
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.
Relative Strength Index (RSI)
RSI14 is 64 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 $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.
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.)
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