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 TNDM
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Green day on Wednesday for Tandem Diabetes Care
(Updated on Mar 27, 2024)

Buy candidate since Mar 18, 2024 Gain 13.43% PDF

The Tandem Diabetes Care stock price gained 4.78% on the last trading day (Wednesday, 27th Mar 2024), rising from $33.69 to $35.30. During the last trading day the stock fluctuated 7.34% from a day low at $33.09 to a day high of $35.52. The price has been going up and down for this period, and there has been a 23.3% gain for the last 2 weeks. Volume fell on the last day by -486 thousand shares and in total, 2 million shares were bought and sold for approximately $77.04 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $36.15 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.61% during the next 3 months and, with a 90% probability hold a price between $30.15 and $42.52 at the end of this 3-month period.

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TNDM Signals & Forecast

The Tandem Diabetes Care stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $32.07 and $27.85. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, January 30, 2024, and so far it has risen 59.80%. Further rise is indicated 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 it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Tandem Diabetes Care stock

On the downside, the stock finds support just below today's level from accumulated volume at $28.86 and $27.11. There is a 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, Tandem Diabetes Care finds support just below today's level at $28.86. If this is broken, then the next support from accumulated volume will be at $27.11 and $27.07.

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 $2.43 between high and low, or 7.34%. For the last week, the stock has had daily average volatility of 6.40%.

Our recommended stop-loss: $34.18 (-3.18%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 40 days ago.)

Trading Expectations (TNDM) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Tandem Diabetes Care to open at $34.64, and during the day (based on 14 day Average True Range), to move between $33.25 and $37.35, which gives a possible trading interval of +/-$2.05 (+/-5.80%) up or down from last closing price. If Tandem Diabetes Care takes out the full calculated possible swing range there will be an estimated 11.60% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $28.86, some $6.44 (18.24%) from the current price of $35.30, our system finds the risk reward attractive.

Is Tandem Diabetes Care stock A Buy?

Tandem Diabetes Care holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

Current score: 7.109 Strong Buy Candidate Unchanged

Predicted Opening Price for Tandem Diabetes Care of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$34.64 ( 1.88%) $35.30

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

Trading levels for TNDM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 37.07 5.00 %
R2 36.14 2.38 %
R1 35.56 0.751 %
Current price: 35.30
Support S1 33.71 -4.51 %
S2 33.13 -6.13 %
S3 32.21 -8.76 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 35.30
Support S1 28.86 -18.24%
S2 27.11 -23.22%
S3 27.07 -23.31%

FAQ

What is the symbol for Tandem Diabetes Care Stock and on which exchange is it traded?
The symbol for Tandem Diabetes Care is TNDM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Tandem Diabetes Care Stock?
Tandem Diabetes Care holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

How to buy Tandem Diabetes Care Stock?
Tandem Diabetes Care Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Tandem Diabetes Care Stock.

What's the current price of Tandem Diabetes Care Stock?
As of the end of day on the 2024-03-27, the price of an Tandem Diabetes Care (TNDM) share was $35.30.

What is the 52-week high and low for Tandem Diabetes Care Stock?
The 52-week high for Tandem Diabetes Care Stock is $43.52 and the 52-week low is $13.82.

What is the market capitalization of Tandem Diabetes Care Stock?
As of the 2024-03-27, the market capitalization of Tandem Diabetes Care is 2.211B.

When is the next earnings date for Tandem Diabetes Care?
The upcoming earnings date for Tandem Diabetes Care is May 01, 2024.
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About Tandem Diabetes Care

Tandem Diabetes Care Tandem Diabetes Care, Inc., a medical device company, designs, develops, and commercializes various products for people with insulin-dependent diabetes in the United States and internationally. The company's flagship product is the t:slim X2 insulin delivery system, a pump platform that comprises t:slim X2 pump, its 300-unit disposable insulin cartridge, and an infusion set. It also provides t:slim X2 insulin with Basal-IQ and control IQ technolo... TNDM Profile

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