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RSI Indicator for [SWAV] ShockWave Medical Inc

Data updated 2024-May-30 (Thursday)

  Analyze current daily levels of Relative Strength Index indicator for ShockWave Medical Inc . Technicals are widely used by investors to gauge performance, momentum etc. See Guide for further details . To compare technicals across stocks/etfs/crypto visit technical summary . Also, view daily frequency distribution of bullish/bearish technical signals (e.g. RSI, MACD etc.) with technical sentiment report to gauge changes in aggregate across the market or a particular sector

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Recent Technical Indicator history for ShockWave Medical Inc use daily Relative Strength Index (RSI) values as of Last Close (2024-May-30). See additional information below on calculation, interpretation etc.

Relative Strength Index



Calculation Methodology:
RSI is calculated using average daily close values and uses the standard 14 period time window to calculate the average gain/loss for the initial value. Refer to additional links for more details

Detailed calculation steps are provided in the Reference links. Values are adjusted for splits (if applicable)
How to use this indicator:
RSI is a price momentum oscillator tracking overbought/oversold levels using velocity of price movements. RSI is considered useful in trending market situations as opposed to sideways markets. RSI values > 70 indicate overbought or overvalued levels and may be due for a trend reversal or correction. RSI values <30 similarly indicate oversold or undervalued condition in the near term. Reversals can often take time so levels should be viewed in the context of prevailing trend/market conditions

Interpretation above is not comprehensive but rather just a starting point of understanding. Experienced market professionals typically use a combination of different datapoints to drive decisions. Use additional links in the References section for more details
What about other technicals?

There are many technicals and many different settings for even the above indicators like different moving average periods selected for example. We however show only popular technical indicators with the most common configuration because they have historically gained acceptance as being the most useful. Mastering interpretation of these indicators will serve most investors well without adding clutter or noise from a large selection of less common indicators/settings. Email us if you strongly feel that there are other indicators worth adding

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Frequency distribution of daily RSI values from 2022-Nov-22. Latest RSI value is 77.6 as of 2024-May-30. Longer frequency distribution of RSI also available (5-year deciles linked below chart)


RSI Deciles
SWAV : Key Technicals 2024-May-30 Thursday
AD 8.31 Million ADX 54.0
ATR 1.53 CCI 125.4
MACD -0.47 OBV 57.8 Million
OSC 97.3 97.1 RSI 78

Anomalies  AI

Anomaly Detection for ShockWave Medical Inc looks at key performance metrics relative to it's history for ShockWave Medical Inc to identify unusual levels for 2024-May-30:

  • Avg. 10-d Up performance at +0.3% is extraordinarily low. Subsequent performance over next 5 days in such cases averages +0.8% and is up 84% of the time. Subsequent performance over next 200 days in such cases averages +61.5% and is up 100% of the time
  • Avg. 10-d Down performance at -0.1% is extraordinarily high. Subsequent performance over next 200 days in such cases averages +76.2% and is up 82% of the time
  • 5-day Relative Volume at 1.4x is unusually elevated. Subsequent performance over next 200 days in such cases averages +69.8% and is up 84% of the time
  • Avg. 200-d Down performance at -1.6% is extremely high. Subsequent performance over next 100 days in such cases averages +33.8% and is up 91% of the time
  • 100-day Relative Volume at 1.3x is extremely elevated. Subsequent performance over next 200 days in such cases averages +86.1% and is up 91% of the time
  • ...
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    Anomaly Detection for ShockWave Medical Inc looks at key technical metrics relative to it's history for ShockWave Medical Inc to identify unusual levels for 2024-May-30:

  • OBV at 60 Million is extremely elevated. Subsequent performance over next 200 days in such cases averages +37.3% and is up 100% of the time
  • RSI at 77.6 is unusually elevated. Subsequent performance over next 200 days in such cases averages +74.0% and is up 76% of the time
  • ADX at 54.0 is extraordinarily elevated. Subsequent performance over next 200 days in such cases averages +80.8% and is up 79% of the time
  • ATR at 1.5 is extremely depressed. Subsequent performance over next 5 days in such cases averages +2.4% and is up 71% of the time. Subsequent performance over next 200 days in such cases averages +110.7% and is up 100% of the time
  • Fast Stochastic at 97.3 is extraordinarily elevated. Subsequent performance over next 20 days in such cases averages +6.8% and is up 69% of the time. Subsequent performance over next 200 days in such cases averages +77.6% and is up 82% of the time
  • ...
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     Anomaly Details




    Related to ShockWave Medical Inc

    Information for ShockWave Medical Inc

      Current Detail : Recent daily/monthly performance & benchmark comparison
      Historical Detail : Historical performance & related information using Time Machine
      Financial Statements : Analyze Income Statement, Balance Sheet & Cashflow Statement and also compare with peers
      Bayesian Statement Classifier : Investigate historical financial statements to make probabalistic predictions using Artificial Intelligence
      Anomaly Detection : Investigate unusual recent performance & technicals with historical context using AI
      Historical Seasonality : Seasonal performance by calendar months
      Technical History : Popular Technical indicator trends (RSI, MACD etc.) Currently Viewing
      Metric Deciles : Contextualizing recent performance & technical levels into historical decile buckets
      Dollar Cost Averaging : Dollar Cost Average (DCA) over time in your portfolio
      Moving Averages : Key Simple & Exponential Moving Averages
      Historical Analogues : Insights from closest historical matches to recent performance using Artificial Intelligence
      Chart Pattern Matching : Insights from similar historical charts to recent chart using Artificial Intelligence
      News Stories : News stories on 2024-May-30 on Google
      SEC Reports : Quarterly reports around 2024-May-30 on SEC Edgar

    Compare ShockWave Medical Inc with other assets

      Market Performance : Recent performance across covered assets
      Historical Performance : Prior & Subsequent performance across assets on a historical date
      Market Technicals : Technical indicator levels across covered assets
      Market Seasonality : Seasonal performance by calendar months across covered assets
      Pair Correlations : Performance Correlations with other assets
      Beta : Volatility relative to the broad market
      Performance Comparison : Visually compare/benchmark performance with other assets over time
      Side-by-Side Comparison : Contrast with other assets over time in a side-by-side presentation
      Sector : Health Care sector performance which includes ShockWave Medical Inc
      Industry : Equipment & Supplies industry performance which includes ShockWave Medical Inc










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