RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SILK
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Silk Road Medical Inc. stock downgraded to Hold/Accumulate
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 18, 2024 Gain 7.83% PDF

The Silk Road Medical Inc. stock price fell by -2.08% on the last day (Thursday, 28th Mar 2024) from $18.71 to $18.32. During the last trading day the stock fluctuated 4.47% from a day low at $18.14 to a day high of $18.95. The price has been going up and down for this period, and there has been a 16.69% gain for the last 2 weeks. Volume has increased on the last day by 529 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 961 thousand shares were bought and sold for approximately $17.60 million.

The stock lies in the middle of a 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 45.15% during the next 3 months and, with a 90% probability hold a price between $24.03 and $27.91 at the end of this 3-month period.

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SILK Signals & Forecast

The Silk Road Medical Inc. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $18.71. On a fall, the stock will find some support from the long-term average at approximately $17.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -3.73%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Silk Road Medical Inc. stock

Silk Road Medical Inc. finds support from accumulated volume at $17.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the 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 $0.81 between high and low, or 4.47%. For the last week, the stock has had daily average volatility of 4.45%.

Our recommended stop-loss: $17.58 (-4.04%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (SILK) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Silk Road Medical Inc. to open at $18.47, and during the day (based on 14 day Average True Range), to move between $17.36 and $19.28, which gives a possible trading interval of +/-$0.96 (+/-5.22%) up or down from last closing price. If Silk Road Medical Inc. takes out the full calculated possible swing range there will be an estimated 10.44% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $18.42 (0.55%) than the support at $17.99 (1.80%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Silk Road Medical Inc. stock A Buy?

Silk Road Medical Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.820 Hold/Accumulate Downgraded

Predicted Opening Price for Silk Road Medical Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$18.47 ( 0.82%) $18.32

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for SILK

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 19.28 5.24 %
R2 18.97 3.55 %
R1 18.78 2.51 %
Current price: 18.32
Support S1 18.16 -0.87 %
S2 17.97 -1.91 %
S3 17.66 -3.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 19.03 3.88 %
R2 18.97 3.55 %
R1 18.42 0.546 %
Current price 18.32
Support S1 17.99 -1.80%
S2 17.17 -6.28%
S3 14.85 -18.94%

FAQ

What is the symbol for Silk Road Medical Inc. Stock and on which exchange is it traded?
The symbol for Silk Road Medical Inc. is SILK and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Silk Road Medical Inc. Stock?
Silk Road Medical Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Silk Road Medical Inc. Stock?
Silk Road Medical Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Silk Road Medical Inc. Stock.

What's the current price of Silk Road Medical Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Silk Road Medical Inc. (SILK) share was $18.32.

What is the 52-week high and low for Silk Road Medical Inc. Stock?
The 52-week high for Silk Road Medical Inc. Stock is $46.57 and the 52-week low is $6.08.

What is the market capitalization of Silk Road Medical Inc. Stock?
As of the 2024-03-28, the market capitalization of Silk Road Medical Inc. is 717.679M.

When is the next earnings date for Silk Road Medical Inc.?
The upcoming earnings date for Silk Road Medical Inc. is May 14, 2024.
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About Silk Road Medical Inc.

Silk Road Medical. Silk Road Medical, Inc. operates as a medical device company in the United States. The company offers various products for the treatment of carotid artery disease called transcarotid artery revascularization. Its products include ENROUTE Transcarotid Neuroprotection System that is used to directly access the common carotid artery and initiate temporary blood flow reversal; ENROUTE Transcarotid Stent System, a self-expanding, self-tapering stent; ... SILK Profile

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