By Mill Chart
Last update: Dec 7, 2023
Exploring Growth Potential: SHOCKWAVE MEDICAL INC (NASDAQ:SWAV) and Its Base Formation. Growth investors seek promising revenue and EPS growth, and SHOCKWAVE MEDICAL INC has come under our scrutiny for potential growth investing. While it's crucial to do your own research, we've detected SHOCKWAVE MEDICAL INC on our screen for growth with base formation, suggesting it merits a closer look.
ChartMill assigns a proprietary Growth Rating to each stock. The score is computed by evaluating various growth aspects, like EPS and revenue growth. We take into account the history as well as the estimated future numbers. NASDAQ:SWAV was assigned a score of 8 for growth:
Every stock is evaluated by ChartMill, receiving a Health Rating on a scale of 0 to 10. This assessment considers different health aspects, including liquidity and solvency, both in absolute terms and relative to industry peers. NASDAQ:SWAV has achieved a 7 out of 10:
ChartMill employs its own Profitability Rating system for stock evaluation. This score, ranging from 0 to 10, is derived from an analysis of diverse profitability metrics and margins. In the case of NASDAQ:SWAV, the assigned 6 is noteworthy for profitability:
ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NASDAQ:SWAV exhibits a 7 setup rating, indicating its consolidation status in recent days and weeks.
Although the technical rating is bad, SWAV does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
Every day, new Strong Growth stocks can be found on ChartMill in our Strong Growth screener.
Check the latest full fundamental report of SWAV for a complete fundamental analysis.
For an up to date full technical analysis you can check the technical report of SWAV
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
SHOCKWAVE MEDICAL INC
NASDAQ:SWAV (4/24/2024, 1:41:04 PM)
328.28
-0.26 (-0.08%)
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