TANDEM DIABETES CARE, INC. - [TNDM]Price Action
Recent Trend: The stock has been recovering from a downtrend that occurred in June and July, and it appears to be in the midst of an uptrend since early August, with a recent push higher.
Current Price: The last closing price is $45.57, which represents a 2.87% increase.
Bollinger Bands
Upper Band: The price is approaching the upper Bollinger Band, which can indicate that the stock might be overbought in the short term.
Middle Band (Likely the 20-day Moving Average): The price is above this, confirming the current uptrend.
Lower Band: The price has moved away from the lower Bollinger Band, further reinforcing the recent bullish momentum.
Volume
The volume seems to have increased in the most recent days, which supports the price movement and suggests that the buying interest is genuine.
Key Levels
Support: Around $42.00 (where the price recently bounced from).
Resistance: Around $48.00 (where the price might face resistance based on previous highs in June).
Conclusion
Short-Term View: The stock is in a short-term uptrend, with potential to test the $48.00 resistance level.
Medium-Term View: The bullish momentum is confirmed as the price is above both the 20-day and 50-day moving averages.
Long-Term View: The stock needs to break above the 200-day moving average to confirm a reversal of the longer-term downtrend.