VRAY - ViewRay Inc

Exchange: NASDAQ

VRAY - ViewRay Inc

Exchange: NASDAQ
#2241()/7023

Tue 07'th Aug 2018

PERIOD 2018-05-08 - 2018-08-07
CHANGE -4.69%
PRICE $9.95
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

0.00%

ViewRay Inc Stock Analysis

Technical stock analysis for Tue 07'th Aug 2018

Buy candidate since 2018-08-06 Loss -4.69%
Shorts 15.46% ( 2018-07-13 )
Cash 34.4 mill
Loans n/a
Beta 1.49
ROA -50.68

ViewRay Inc fell by -4.69% in the last day from $10.44 to $9.95 and has now fallen 4 days in a row. The price has fallen in 5 of the last 10 days, but is still up by 4.19% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -0.42 million shares and in total 1.55 million shares bought and sold for approximately $15.40 million.

Trend

ViewRay Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 50.86% during the next 3 months and, with 90% probability hold a price between $13.17 and $19.61 at the end of this period.

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Signals

ViewRay Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $11.28. On a fall, the stock will find some support from the long-term average at approximately $9.15. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday August 02, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 55 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $8.46 and $7.85.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ViewRay Inc finds support just below today's level at $8.46. If this is broken, then the next support from accumulated volume will be at $7.85 and $7.56.

Support: $8.46 Price: $9.95 Resistance: $11.05

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.73 between high and low, or 7.52%. For the last week, the stock has had a daily average volatility of 6.71%.

Our recommended stoploss: $9.21 (-7.46%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Buy Candidate

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