SURMODICS INC (SRDX) Stock Technical Analysis
NASDAQ:SRDX - Nasdaq - US8688731004 - Common Stock - Currency: USD
Taking everything into account, SRDX scores 2 out of 10 in our technical rating. In the past year, SRDX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, SRDX is a bad performer in the overall market: 86% of all stocks are doing better.
SRDX is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 62% are performing better 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 28.34 - 30.49 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although the technical rating is bad, SRDX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 29.15. Right above this resistance zone may be a good entry point.
More info and screens
25.91
37.68
We found 2 important support areas.
- A support zone ranging from 26.71 to 26.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.17 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.15 to 29.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.91 to 31.10. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @37.31 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for SRDX is neutral. |
| ChartMill Relative Strength | 14.08 | NEGATIVE | SRDX has a low relative strength, it was outperformed by 85.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SRDX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SRDX is above the rising 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) | 48.99 | NEUTRAL | The RSI value for SRDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SRDX has a negative trend. |
| Stochastics (14,3) | 26.77 | NEUTRAL | The Stochastics value for SRDX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for SRDX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.73 | NEGATIVE | The low ADX value for SRDX suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
29.01
+0.01 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.03%
1 Week-2.88%
2 Weeks-0.51%
1 Month1.08%
3 Month-5.66%
6 Month-26.45%
12 Month-30.99%
2 Year-7.35%
3 Year-22.08%
5 Year-32.91%
10 Year23.87%
15 Year76.78%
Volatility
ATR(14)0.74
ATR(20)%2.57%
ATR Inc-32.97%
Range Today0.57
ADR(20)0.73
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.08
Mansfield-2.26
10 Day High29.87
10 Day Low28.46
20 Day High30.49
20 Day Low28.34
52 Week High42.44
52 Week Low26
CS1 End26.76
CR1 Start29.15
Volume & EV
DER(3)-2.56%
DER(5)0.96%
Volume69.40K
Volume Incr32.86%
Vol(5)89.82K
Vol(50)71.54K