CARDIOVASCULAR SYSTEMS INC (CSII) Stock Technical Analysis
NASDAQ:CSII - Nasdaq - US1416191062 - Common Stock - Currency: USD
Taking everything into account, CSII scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, CSII has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, CSII also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 20.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 19.98, a Stop Loss order could be placed below this zone.
More info and screens
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We found 3 important support areas.
- A support zone ranging from 19.58 to 19.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @13.10 from a horizontal line in the daily time frame.
- Support @12.74 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 20.01 to 20.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for CSII is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CSII is up. |
| ChartMill Relative Strength | 94.88 | POSITIVE | CSII has a high relative strength, it outperformed 94.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CSII is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CSII is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CSII is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.09 | OVERBOUGHT | The high RSI value suggests CSII may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests CSII has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 94.44 | OVERBOUGHT | The high Stochastics value suggests CSII may be overbought. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for CSII suggests low volalility. |
| Average Directional Index/ADX (14) | 33.24 | POSITIVE | The high ADX value value for CSII suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 20.02 | 19.94 | 0.08 (0.40%) | 25.00% |
| An entry @20.02. This is a Buy Stop order right above the resistance zone. | An exit @19.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.08 points, which is 0.40%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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