SURMODICS INC (SRDX) Stock Technical Analysis
NASDAQ:SRDX - Nasdaq - US8688731004 - Common Stock - Currency: USD
Taking everything into account, SRDX scores 8 out of 10 in our technical rating. Although SRDX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long and short term trends are both positive. This is looking good!
SRDX is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry. SRDX outperforms 73% of them.
In the last month SRDX has a been trading in the 29.51 - 38.26 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, SRDX outperforms 64% of them, which is more or less in line with the market.
SRDX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SRDX is lagging the market.
Volume is considerably higher in the last couple of days.
Although SRDX has an excellent technical rating, the quality of the presented setup is not ideal 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.
More info and screens
25.91
38.53
5 important support areas can be observed.
- A support zone ranging from 35.14 to 35.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.31 from a trend line in the daily time frame.
- A support zone ranging from 30.36 to 30.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @26.71 from a horizontal line in the daily time frame.
- Support @26.17 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @36.04 from a horizontal line in the weekly time frame.
- Resistance @36.72 from a trend line in the weekly time frame.
- A resistance zone ranging from 37.38 to 37.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @38.15 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for SRDX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SRDX is up. |
| ChartMill Relative Strength | 64.51 | NEUTRAL | SRDX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SRDX is above 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 | MIXED | The current price of SRDX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.46 | NEUTRAL | The RSI value for SRDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests SRDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.86 | NEUTRAL | The Stochastics value for SRDX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for SRDX suggests some volalility. |
| Average Directional Index/ADX (14) | 38.65 | POSITIVE | The high ADX value value for SRDX suggests a strong 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)
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 |
|---|---|---|---|
| 36.05 | 35.13 | 0.92 (2.55%) | 25.00% |
| An entry @36.05. This is a Buy Stop order right above the resistance zone. | An exit @35.13. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.92 points, which is 2.55%. | For a 0.64% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SRDX. Please evaluate whether better entry and exit points can be found.
- 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.
35.63
-0.4 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-1.11%
1 Week-2.81%
2 Weeks14.31%
1 Month20.13%
3 Month33.15%
6 Month4.64%
12 Month-13.31%
2 Year-3.23%
3 Year5.76%
5 Year-21.26%
10 Year56.62%
15 Year196.18%
Volatility
ATR(14)1.48
ATR(20)%3.56%
ATR Inc19.97%
Range Today2.13
ADR(20)1.24
ADR(20)%3.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.51
Mansfield-0.44
10 Day High38.26
10 Day Low31
20 Day High38.26
20 Day Low29.51
52 Week High41.29
52 Week Low26
CS1 End35.62
CR1 Start36.04
Volume & EV
DER(3)-7.15%
DER(5)-4%
Volume395.70K
Volume Incr97.23%
Vol(5)312.80K
Vol(50)132.25K