Tandem Diabetes Care, Inc. (NASDAQ:TNDM) Stock Worth Watching
The price of Tandem Diabetes Care, Inc. (NASDAQ:TNDM) went up by $0.96 now trading at $45.18. Their shares witnessed a 2011.21% increase from the 52-week low price of $2.14 they recorded on 2018-02-09. Even though it is still -4.91% behind the $47.4 high touched on 2018-09-05. The last few days have been good for the stock, as its price has grew by 2.57% during the week.
It has also performed better over the past three months, as it added around 188.87% while it has so far climbed around 556.88% during the course of a year. The stock of TNDM recorded 1814.41% uptrend from the beginning of this year till date. The 12-month potential price target for Tandem Diabetes Care, Inc. is set at $43.33. This target means that the stock has an upside potential to increase by -4.09% from the current trading price.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
By the way, prices are vulnerable to a correction towards 36.37.
The projected upper bound is: 55.44.
The projected lower bound is: 48.07.
The projected closing price is: 51.75.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 29 white candles and 20 black candles for a net of 9 white candles.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 90.1089. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 6 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 82.74. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 26 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 179.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 6 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 28 period(s) ago.
Rex Takasugi – TD Profile
TANDEM DTES CARE closed up 2.550 at 51.170. Volume was 100% below average (consolidating) and Bollinger Bands were 96% wider than normal.
Open High Low Close Volume___
49.270 52.550 49.190 51.170 3,585
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 46.27 33.51 13.80
Volatility: 58 71 99
Volume: 2,924,872 2,777,721 2,000,124
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
TANDEM DTES CARE gapped up today (bullish) on light volume. Possibility of a Common Gap which usually coincides with a lack of interest in the security. Common Gaps are fairly irrelevent for forecasting purposes. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
TANDEM DTES CARE is currently 270.7% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into TNDM.O (mildly bullish). Our trend forecasting oscillators are currently bullish on TNDM.O and have had this outlook for the last 138 periods. Our momentum oscillator is currently indicating that TNDM.O is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
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