Streamline Health Solutions Inc. (STRM)

STRM stock forecast: buy or sell

STRM stock outlook

  • Streamline Health Solutions closed on Friday at $1.22 after slightly changing a 0% breaking a streak of 3 sessions in negative.
  • Price is drawing a scaled uptrend since mid-March with higher tops and higher bottoms. This rally marked a 130.19% gain
  • Streamline Health Solutions, Inc. provides health information technology solutions and associated services for hospitals and health systems in the United States and Canada.
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Important note:
The opinions expressed in this post are personal and not recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the particular circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are expressed for education motives only

STRM stock chart overview

Should I buy Streamline Health Solutions stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is STRM stock a buy?

In the current situation of Streamline Health Solutions there is not any eligible buy setup. This doesn't mean STRM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

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Should I sell Streamline Health Solutions stock?

How to know when is it time to sell Streamline Health Solutions stock?. Just as when we have to buy shares, choosing when is appropiate time to sell is not a whimsical decision, and we must follow our own trading strategy. Our trading system selects very simple strategies to guide us on when is the best moment to sell our shares. Be aware that these strategies are not intended for selling short Streamline Health Solutions stock

As a golden rule, you should not mantain an investment that shows a higher than expected losses at the time of the buy. The moment to sell shares always has to be ruled by the stop-loss (automatic or manual)

Is it time to sell Streamline Health Solutions stock?

Currently, Streamline Health Solutions stock doesn't match any of our preferred sell setups, so if you own Streamline Health Solutions stock and your operation is in profit probably is not time to sell now

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Analysts' recommendations to buy or sell Streamline Health Solutions stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

We don't have any rating posted in the previous month for Streamline Health Solutions

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Technical analysis

Since in mid-March, Streamline Health Solutions has been drawing an uptrend that so far marked an amazing 130.19%. The price line shows higher peaks and higher troughs, and along the way provided some buying opportunities for those who wanted to enter. Latest pullback was on June 15, when price bounced at $0.90. Currently, it moves in a consolidation between its last top ($1.41) and its last bottom ($0.90)

SMAs overview

Moving averages are simple indicators for investors to measure direction. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Investors use supports and resistances to spot price points on a chart that may work as obstacles, containing the price of a stock to move up or down. Supports are levels where the price tends to stop as it falls. This means that the price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it will probably continue declining until meeting another support level. On the other hand, a resistance level is where the price tends to find resistance as it moves up. Likewise, this means that the price is more liable to "rebound" at this level, and if it finally crosses this level, the price will rally easily until it meets the next resistance

The current resistances are:

  • R1: $1.25 (2.46% above)
  • R2: $1.28 (4.92% above)
  • R3: $1.29 (5.74% above)
  • The current support levels are:

  • S1: $1.21 (-0.82% below)
  • S2: $1.20 (-1.64% below)
  • S3: $1.19 (-2.46% below)
  • Bollinger bands

    This is an indicator that was introduced in the 1980s by John Bollinger. It is made up of 3 lines that are plotted superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Since the price surpassed the upper band on June 26, the price dropped by 13.48%

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of financial markets. Its objective is to map the current and past strength or weakness of a stock or market based on the closing prices of a recent trading period. Like other oscillation indicators, the RSI fluctuates between 0% and 100%. The relative strength indicator is one of the best known and most widely used indicators, invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 in mid-June after just crossing to the overbough zone for 1 day (weak signal). The RSI reading on Friday was 53.56. Since that level was lost, Streamline Health Solutions stock exploded a 3.39%

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    Earnings and financials

    Streamline Health Solutions Inc. (STRM) reported quarterly earnings of $0.12 per share, strongly enhancing the analysts consensus estimate of $-0.06 per share. This quarterly report means an earnings surprise of 300%. Forecasted turnover was $2.6 million but Streamline Health Solutions slightly beat by 10.08%, posting $2.8 million.

    Compared to the same quarter one year ago, EPS was $0.01, so posted EPS is a improvement of 1100%. Sales tanked a -47.01% on an annualized basis in the second-quarter, from $5.4M to $2.8M last quarter.

    STRM is releasing Q3 earnings report next September. Analysts forecast earnings of %s a share of $-0.06, that is a 150% lower than previous quarter. If you hold or you are considering buying STRM stock, be careful as the earnings reporting day usually has a higher than usual volatility, and price can jump up or down with very low liquidity and not honouring your buy or stop-loss orders. You can probably find more details about the earnings call and the financial reports on the Investor Relations section of its website: http://www.streamlinehealth.net.

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