Shockwave Medical Inc (SWAV): Price Now Near $202.36; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for SWAV

At the time of this writing, SWAV (Get Ratings)’s price is up $2.69 (1.35%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

SWAV ranks 4th in terms of today’s price percentage change out of Medical Equipment stocks.

SWAV’s Technical Outlook on the Daily Chart

At the time of this writing, SWAV’s price is up $2.75 (1.38%) from the day prior. SWAV has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows SWAV’s price action over the past 90 days.

SWAV

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SWAV: Daily RSI Analysis

  • SWAV’s RSI now stands at 40.208.
  • SWAV and RSI may be exhibiting divergent trends. This may be something to monitor.

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