The Hourly View for SWAV
At the time of this writing, SWAV (Get Ratings)’s price is up $0.51 (0.24%) from the hour prior. SWAV has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. 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.
Out of Medical Equipment stocks, SWAV ranks 3rd in regards to today’s price percentage change.
SWAV’s Technical Outlook on the Daily Chart
At the time of this writing, SWAV’s price is up $5.32 (2.51%) from the day prior. SWAV has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. As for the trend on the daily timeframe, we see the clearest trend on the 50 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: Daily RSI Analysis
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