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Streamline Health Solutions Inc. (STRM)

STRM stock forecast: buy or sell

Close on Sep 29th, 2020
$1.52 0.01%
3 months performance
0.13%
Published: September 29th, 2020 - 5.25pm EDT

STRM stock outlook

  • Streamline Health Solutions closed today at $1.52 (0.66%) prior to presenting earnings at
  • Price is drawing a scaled uptrend since last March with higher tops and higher bottoms. This rally marked a 186.79% gain
  • Streamline Health Solutions, Inc. provides health information technology solutions and associated services for hospitals and health systems in the United States and Canada.

Please read:
The comments contained in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this paper does not have any knowledge of the specific situations of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are expressed for informational motives only

STRM stock charts

Should I buy Streamline Health Solutions stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. 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?

Currently, Streamline Health Solutions stock matches one trading strategy:

Uptrend buy setup

Streamline Health Solutions stock continues to trend higher since last March and marked a gorgeous 186.79% gain. Price marked a pull back in this uptrend at $1.38 yesterday, and since then it bounced up a 10.14%. Breaking out over $1.86 - it's last top - will be a good entry point if Streamline Health Solutions resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $1.67

Buy setupBuy pointStop lossRisk
Uptrend buy setup$1.86$1.6710%

Should I sell Streamline Health Solutions stock?

"To sell or not to sell", if you are holding Streamline Health Solutions stock?. Trading strategies prevent us from making rash decisions based on our personal sentiments or the noise that surrounds the market. When selling, as well as buying, detailed setups are very easy to follow and are only applicable for selling shares in your porfolio, not for selling short STRM stock

A golden rule is that you must never keep a trade that leads to losses greater than those expected by the time of the buy. The timing to sell your stock must always be dictated by the stop-loss (automatic or manual)

Is it time to sell Streamline Health Solutions stock?

In the current situation of Streamline Health Solutions there is not any eligible sell setup, so Streamline Health Solutions stock holders with operations in green can keep their positions

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 30 days for Streamline Health Solutions

Technical analysis

Streamline Health Solutions stock started an uptrend last March, and grew an amazing 186.79%. The price action shows higher highs and higher lows, and along the way provided some entry points for those who wanted to enter. Latest pullback was yesterday, when price bounced at $1.38. Currently, it trades in a consolidation between its last top ($1.86) and its last bottom ($1.38)

SMAs overview

Moving averages are indicators for investors to measure stock momentum. A moving average is the average price of a stock over a set period of time. Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

STRM SMAs chart

Supports and resistances

Investors use supports and resistances to spot price points in the stock price action that tend to behave as barriers, containing the price of an asset to move up or down. A support level is a level where the price tends to find support as it falls. Price is more likely to "rebound" this level rather than break through it. However, if the price breaks down this level, it will probably continue falling until meeting another support level. On the contrary, a resistance level is where the price tends to find a curb as it rises. Again, the price is more likely to "bounce off" at this level, and if it finally crosses this level, the price will rally more easily until it hits the next resistance

The current resistance levels are:

  • R1: $1.52 (0% above)
  • R2: $1.53 (0.66% above)
  • R3: $1.55 (1.97% above)
  • The current supports are:

  • S1: $1.50 (-1.32% below)
  • S2: $1.49 (-1.97% below)
  • S3: $1.48 (-2.63% below)
  • Bollinger bands

    This is an indicator that was designed in the 1980s by John Bollinger. By essence, the Bollinger Bands are lines that run around a centralmoving average, varying the distance from the bottom to the top depending on market volatility. They are usually plotted by an offset of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20

    STRM RSI chart

    Relative strength index

    The relative strength index (RSI) is a technical indicator used in the analysis of stock markets. It is intended to chart the current and historical strength or weakness of a stock or market based on the closing prices of a recent trading period. Oscillator indicators, such as relative strength, are designed to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in 1978

    The RSI dropped below the overbought level of 70 in late August after just crossing to the overbough zone for a single day (weak signal). The RSI value today was 50.1. Since that level was lost, Streamline Health Solutions shares dropped a 3.18%

    STRM RSI chart

    Earnings and financials

    Streamline Health Solutions Inc. (STRM) posted EPS for the fiscal Q3 that highly surpassed Market expectations. Quarterly EPS was $-0.04 per share vs. $-0.06. This Q3 report represents an earnings surprise of 33.33%. Company's sales was $2.9 million versus $2.3 million forecasted by market consensus.

    This compares to earnings of $-0.03 per share same quarter last year, so current EPS is a drop of -33.33%. Looking at revenue, figures sank a -39.77% compared to $4.8M year over year.

    STRM is hosting the quarterly earnings call. Earnings reporting day has an additional risk for traders as the information published can soar and sink the price with exceptionally low liquidity and not respecting your buy or stop-loss orders. You can probably obtain more information about the earnings conference call and the financial reports on the Investor Relations section of its website: http://www.streamlinehealth.net.

    STRM revenues and profits chart