Shockwave Medical Inc (SWAV): Price Now Near $203.13; 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 down $-3.02 (-1.46%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly 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.

SWAV ranks 120th 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 down $-1.71 (-0.84%) from the day prior. This is a reversal of the price action on the previous day, in which price moved up. 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

  • For SWAV, its RSI is now at 86.3305.
  • SWAV and RSI may be exhibiting divergent trends. This may be something to monitor.

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