SURMODICS INC (SRDX) Stock Technical Analysis
NASDAQ:SRDX - Nasdaq - US8688731004 - Common Stock - Currency: USD
Taking everything into account, SRDX scores 5 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.
Although the technical rating is only medium, SRDX does present a nice setup opportunity. 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 31.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.18, a Stop Loss order could be placed below this zone.
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25.91
3 important support areas can be observed.
- A support zone ranging from 28.99 to 30.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 31.40 to 31.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @37.01 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 | 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 | 18.68 | NEGATIVE | SRDX has a low relative strength, it was outperformed by 81.32% 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) | DOWN | NEGATIVE | The current price of SRDX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.96 | NEUTRAL | The RSI value for SRDX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests SRDX has a positive trend. |
| Stochastics (14,3) | 88.33 | OVERBOUGHT | The high Stochastics value suggests SRDX may be overbought. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for SRDX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.66 | NEUTRAL | The ADX value for SRDX suggests a possible start of a new trend. |
31.39
+0.52 (+1.68%)