Sensus Healthcare Inc Stock Forecast
Green day on Wednesday for Sensus Healthcare Inc
(Updated on Apr 17, 2024)
The Sensus Healthcare Inc stock price gained 1.56% on the last trading day (Wednesday, 17th Apr 2024), rising from $3.20 to $3.25. During the last trading day the stock fluctuated 3.49% from a day low at $3.15 to a day high of $3.26. The price has fallen in 5 of the last 10 days and is down by -8.19% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 thousand more shares were traded than the day before. In total, 112 thousand shares were bought and sold for approximately $362.92 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Sensus Healthcare Inc stock with a 90% probability to be traded between $2.63 and $4.93 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
SRTS Signals & Forecast
Sensus Healthcare Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sensus Healthcare Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $3.28 and $3.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -33.81%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Sensus Healthcare Inc stock
Sensus Healthcare Inc finds support from accumulated volume at $3.24 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 $0.110 between high and low, or 3.49%. For the last week, the stock has had daily average volatility of 7.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SRTS) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Sensus Healthcare Inc to open at $3.22, and during the day (based on 14 day Average True Range), to move between $2.98 and $3.52, which gives a possible trading interval of +/-$0.267 (+/-8.23%) up or down from last closing price. If Sensus Healthcare Inc takes out the full calculated possible swing range there will be an estimated 16.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.24 (0.31%) than the resistance at $3.36 (3.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sensus Healthcare Inc stock A Buy?
Sensus Healthcare Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.330 Sell Candidate Unchanged
Predicted Opening Price for Sensus Healthcare Inc of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $3.22 ( 0.92%) | $3.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SRTS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.33 | 2.46 % | |
| R2 | 3.29 | 1.17 % | ||
| R1 | 3.26 | 0.370 % | ||
| Current price: | 3.25 | |||
| Support | S1 | 3.18 | -2.21 % | |
| S2 | 3.15 | -3.01 % | ||
| S3 | 3.11 | -4.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.55 | 9.23 % | |
| R2 | 3.52 | 8.31 % | ||
| R1 | 3.36 | 3.38 % | ||
| Current price | 3.25 | |||
| Support | S1 | 3.24 | -0.308% | |
| S2 | 3.20 | -1.54% | ||
| S3 | 3.16 | -2.77% |
FAQ
Click here for our free guide on how to buy Sensus Healthcare Inc Stock.
