Since the stock is closer to the support from accumulated volume at $37.00 (1.28%)
#Stock srdx full#
If SurModics takes out the full calculated possible swing range there will be an estimated 7.68% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$1.44 (+/-3.84%) up or down from last closing price. Trading Expectations For The Upcoming Trading Day Of Monday 13thįor the upcoming trading day on Monday 13th we expect SurModics to open at $37.56, and during day (based on 14 day Average True Range), We hold a negative evaluation for this stock. For the last week the stock has had a daily average volatility of 2.96%. During the last day, the stock moved $0.59 between high and low, or 1.57%. This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. SurModics finds support from accumulated volume at $37.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. Volume fell along with the price during the last trading day, which is technical positive. Further fall is indicated until a new bottom pivot has been found. A sell signal was issued from a pivot top point on Tuesday, June 07, 2022, and so far it has fallen -5.71%. A break-up above any of these levels will issue buy signals.
On corrections up, there will be some resistance from the lines at $38.71 and $37.82. The SurModics stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
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