TRXC - TransEnterix, Inc

Exchange: NYSE

TRXC - TransEnterix, Inc

Exchange: NYSE
#2639()/7534

Fri 19'th Oct 2018

PERIOD 2018-07-20 - 2018-10-19
CHANGE -1.78%
PRICE $4.42
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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TransEnterix, Inc Stock Analysis

Technical stock analysis for Fri 19'th Oct 2018

Sell candidate since 2018-10-05 Loss -18.30%
Shorts 5.20% ( 2018-09-28 )
Cash 24.5 mill
Loans 12.8 mill
Beta 2.16
ROA -69.90

TransEnterix, Inc fell by -1.78% in the last day from $4.50 to $4.42 and has now fallen 4 days in a row. The price has fallen in 8 of the last 10 days and is down by -18.3% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.19 million shares and in total 3.98 million shares bought and sold for approximately $17.60 million.

Trend

TransEnterix, Inc has broken the very wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $4.55. A reaction back to this level may hold a second chance to get out before further falls.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. TransEnterix, Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $4.70 and $5.59. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday October 11, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 34 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

TransEnterix, Inc finds support from accumulated volume at $4.39.

Support: $4.39 Price: $4.42 Resistance: $4.76

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 $0.32 between high and low, or 7.51%. For the last week, the stock has had a daily average volatility of 7.85%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

The TransEnterix, Inc stock holds several negative signals and despite the positive trend we believe TransEnterix, Inc will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Sell Candidate

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TRXC $4.42 $-0.08(-1.78%)
TRXC is down $0.08 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for TRXC based on the 1-3 month system that more than doubles the S&P 500.

Click here – the TRXC analysis is free »

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