Stryker (STRY) 24-Hour Market Overview

Stryker (STRY) closed at $13.56 on July 15, down 3.2% from the day’s open at $14.01. The 24-hour range spanned a high of $14.12 and a low of $13.40, with total volume of 232,874 STRY and turnover exceeding $3.2 million.

Summary

• Stryker (STRY) closed at $13.56, down 3.2% from the day’s open at $14.01, hitting a low of $13.40 amid increased volatility.
• Key resistance near $14.00 and support at $13.50–$13.60, with a bearish MACD divergence noted during the downward move.
• Volume surged to over 232,000 STRY traded, with turnover peaking during the sharp decline to $13.40, indicating strong downside conviction.

Market Analysis

Structure & Formations

STRY’s price action formed a downward trend, testing $14.00 resistance multiple times before breaking below it. Support at $13.50–$13.60 appears critical, with a doji candle forming at the $13.40 low suggesting potential short-term indecision.

Moving Averages

The 15-minute 20-period MA hovered near $13.85, while the 50-period MA tracked lower at $13.95, reinforcing the bearish bias. On the daily chart, the 50-period MA remains below the 100-period MA, signaling a broader downtrend.

MACD & RSI

The MACD histogram turned negative, with a bearish divergence emerging as price made lower lows while MACD failed to confirm. The RSI dipped to 28, indicating oversold conditions but no immediate reversal signal.

Bollinger Bands

Volatility spiked during the decline, widening the bands to a $0.72 range. Price currently sits near the lower band, suggesting a potential rebound toward the 20-period MA.

Volume & Turnover

Volume surged to $20,917 STRY during the $13.40 low, confirming downside momentum. Turnover peaked at $157,000 (at $14.12), with no significant divergence noted between price and turnover.

Fibonacci Retracements

A 38.2% retracement at $13.68 and a 61.8% retracement at $13.85 could act as resistance if price rebounds from $13.40 support.

Forward Outlook

STRY may consolidate near $13.50–$13.60 before testing either $14.00 resistance or $13.40 support. Investors should monitor the $13.50 level for a potential bounce, but a break below $13.40 could signal further declines toward $13.20 (the next Fibonacci support). Exercise caution as volatility remains elevated.