Staar Surgical Co (STAA): Price Up $3.65 (2.64)% Over Past Day, Up $1.55 (1.11)% Over Past Hour

The Hourly View for STAA

Currently, STAA (Get Ratings)’s price is up $1.55 (1.11%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as STAA has now gone up 5 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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.

STAA ranks 8th in terms of today’s price percentage change out of Medical Equipment stocks.

STAA’s Technical Outlook on the Daily Chart

At the moment, STAA’s price is up $3.65 (2.64%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 100 and 50 day moving averages, resulting in them with price now being above them. 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 STAA’s price action over the past 90 days.

STAA

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STAA: Daily RSI Analysis

  • For STAA, its RSI is now at 17.1201.
  • STAA and RSI may be exhibiting divergent trends. This may be something to monitor.

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