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Health Catalyst, Inc

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HCAT trade ideas

In trading you need an edge and a catalyst - is HCAT it?CAPITALCOM:HCAT has been trending down all of 2024. Late July price pushed up on the descending trendline from below, pushing it back down. After a bumpy period, it is yet again pushing the trendline. For 2024, price is forming a descending triangle, which is a bearish signal. However, from April, we see a rising trend. As part of this, we had a change of character mid July, and price is now moving towards the upper level of this channel. It was breached yesterday, closing on the dot of the upper trend line. CAPITALCOM:HCAT provides data and analytics technology to healthcare and have recently (as every other data related company) jacked up their AI investments. The company has made a couple acquisitions in the AI area, a sign they are investing in this area. They recently beat market expectations in their earnings report. Market cap is low, 446 million, and the stock is down 36% last year. I believe this company is well-positioned for future growth, however maybe not in the short term. My target is $9.00. There is resistance at $8.00, which I believe will be broken, and $10.00. Year high of $11.27 is stronger resistance.
CAPITALCOM:HCATLong
by WeRideAtDawn
HCAT Technical trade THIS IS NOT ADVICEThis ticker looks to be expanding its name with recent acquisitions, but the real reason for the trade is technical in nature, with clear momentum to the upside, horizontal resistance levels being turned to support, bullish divergence on the longer time frame, technicals are setup to look for a return to previous levels off the backs of a strong Bulldiv rally from oversold levels, setting a stop below the recent swing low allows for a technical trade plan that removes emotion. The slightly impressive R/R lines up with the bottom of the recent march low making it conservative, too. if the position is large enough, it could be managed through selling calls and use the premiums to hedge against a drop, just close out any short calls before dumping shares and make sure any short calls are initially sold with a strike above entry. AS ALWAYS!! make sure that any calls sold are done so with a full understanding of any possible dividend liabilities or obligations. NOT ADVICE, SIMPLY FOR FUN AND THEORY
NASDAQ:HCATLong
by rolledchange
HCAT LongTechnical Analysis : We broke the downtrend line and had three white soldiers to confirm the reversal of the trend, also the falling wedge shows a bullish reversal since we broke it upwards. Although on a lower timeframe MACD and RSI look bearish, we expect the price to reach our Buy Zone before the impulsive move upwards. Aroon : Aroon Up on Top and Aroon Down on bottom show a bullish momentum. MACD : We had lower lows on the chart but not on MACD which shows MACD divergence and signals for a reverse of the downtrend. Entry : 21.5-23.5 Target : 39.75 (at Fib50% and just below a previous high and resistance ) Invalidation : 19.5 ( Just Below our support and last low )
NASDAQ:HCATLong
by vf_investment
HCAT STOCKHealth Catalyst is a company that develops software, data and services that will enable providers to optimize each patient’s health and also helps healthcare organizations expand their use of AI. Technical Analysis : Our stock just broke the Downtrend Line maybe a signal for reversal of trend and moving upwards. Price touched the support level and bounced up with 4 consecutive green candles showing us that buyers push the price and try to take control of the market. Bollinger Bands : We already had a buy signal since prices were lower than the low line of BB which showed that the stock is oversold. MACD : Signal and MACD line crossed which shows us that a reversal of trend is coming. Also if we check the chart we can see we had lower lows, but not in MACD lines, which means we have MACD divergence, another signal for a reversal of the trend. RSI : RSI is very close to 30 which shows us the stock is nearly oversold. Entry : 25 Target : 48.60 Stop : 17.65 Ratio : 1:3
NASDAQ:HCAT
by somberCheese78126
HCAT is predicted to rise to a target price of $32.42I detected a bullish Rectangle Top pattern for stock. This pattern was detected on June 16, 2020 and confirmed on June 17, 2020 . The odds of reaching the target price are 64.69%. Two horizontal lines top and bottom form the pattern as the security bounces up and down between support and resistance levels. Consider buying a security or call option at the breakout price level. When trading, wait for the confirmation move, which is when the price rises above the breakout level.
NASDAQ:HCATLong
by tickeronAI