SURMODICS INC (SRDX) Technical Analysis
NASDAQ:SRDX • US8688731004
Current stock price
SRDX Technical Rating and Analysis
Overall SRDX gets a technical rating of 7 out of 10. SRDX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- SRDX is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. SRDX outperforms 86% of them.
- A new 52 week high is currently being made by SRDX, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so SRDX is leading the market.
- In the last month SRDX has a been trading in the 25.87 - 43.00 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that SRDX is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Volume is considerably higher in the last couple of days.
SRDX Weekly and Daily overview Charts
SRDX Setup Rating and Analysis
Although SRDX has an excellent technical rating, it does not present a decent entry opportunity 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
SRDX Support and Resistance Analysis
25.91
2 important support areas can be observed.
- Support @26.71 from a horizontal line in the daily time frame.
- Support @26.17 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.99 to 42.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
SRDX 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 | NEUTRAL | NEUTRAL | The long term trend for SRDX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SRDX is up. |
| ChartMill Relative Strength | 77.51 | POSITIVE | SRDX has a high relative strength, it outperformed 77.51% off all stocks 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) | UP | POSITIVE | The current price of SRDX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 85.79 | OVERBOUGHT | The high RSI value suggests SRDX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.81 | POSITIVE | The MACD value suggests SRDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.54 | OVERBOUGHT | The high Stochastics value suggests SRDX may be overbought. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for SRDX suggests some volalility. |
| Average Directional Index/ADX (14) | 57.34 | POSITIVE | The high ADX value value for SRDX suggests a strong trend. |
SRDX Chart- and CandleStick Pattern Analysis
SRDX Technicals: Chart, Performance Metrics, Trend & Indicators
42.98
+0.15 (+0.35%)
SURMODICS INC / SRDX TA FAQ
What is the technical rating for SRDX stock?
ChartMill assigns a technical rating of 7 / 10 to SRDX.
What is the trend direction for SRDX stock?
The current trend direction for SURMODICS INC (SRDX) is Bearish.
Can you provide the RSI signal for SURMODICS INC?
SURMODICS INC (SRDX) has an RSI value of 85.7852. This indicates that the stock is currently overbought.
What is the short term momentum for SURMODICS INC (SRDX) stock?
The short term momentum for SURMODICS INC (SRDX) is positive.
What are the support and resistance levels for SURMODICS INC (SRDX) stock?
SURMODICS INC (SRDX) has a support level at 26.71 and a resistance level at 42.99. Check the full technical report for our detailed analysis of SRDX support and resistance levels.