SRDX Technical Analysis - SURMODICS INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to SRDX. SRDX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

86% of all other stocks performed better in the past year than SRDX.

SRDX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month SRDX has a been trading in the 26.82 - 32.62 range, which is quite wide. It is currently trading near the lows of this range.

SRDX is an average performer in the Health Care Equipment & Supplies industry, it outperforms 44% of 190 stocks in the same industry.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of SRDX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

25.91

38.53

When analyzing the support we can see 2 important areas.

Support @27.24 from a horizontal line in the daily time frame.
Support @26.17 from a horizontal line in the weekly time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 28.00 to 28.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @36.72 from a trend line in the weekly time frame.
Resistance @38.15 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for SRDX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SRDX is down.
ChartMill Relative Strength	14.66	NEGATIVE	SRDX has a low relative strength, it was outperformed by 85.34% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SRDX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SRDX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of SRDX is below a declining SMA(200).
Relative Strength Index/RSI (14)	27.03	OVERSOLD	The low RSI value suggests SRDX may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests SRDX has a positive trend.
Stochastics (14,3)	26.49	NEUTRAL	The Stochastics value for SRDX is a neutral value.
Average True Range in percent/ATR (20)	2.61	MEDIUM VOLATILITY	The ATR as a percentage value for SRDX suggests some volalility.
Average Directional Index/ADX (14)	53.16	POSITIVE	The high ADX value value for SRDX suggests a strong trend.