Dentsply Sirona Inc. | XRAY

Daily Technical Analysis of Dentsply Sirona Inc.

Dentsply Sirona is up a bit on the day, funds flowing in kept the price up 1.50% since yesterday. It looks like XRAY may be interacting with a slightly angled support line. This area could represent a pivot point that it moves up from. In addition to being near an angled support line XRAY is near a moderate strength horizontal support line. This represents a potential pivot point where the price might find support and move upward. But it can also break through this line in which case there might be a burst of selling on the other side. It's definitely important to take into account the directional momentum, so let's be honest Dentsply Sirona has looked terrible. Buyers haven't seemed that interested, sellers keep dumping, there's been a lot of better places to put your money. It doesn't make me feel that optimistic about getting a solid bounce off of a line like this. If you do get one, I'd move your stop losses up with it. Owners of the Medical Instruments & Equipment company have lost -53.28 percent over the last year. If the price moves back up it'll probably hit pockets of sellers who want to break even and exit the position.

If we get a reversal off of support and Dentsply Sirona starts moving up, it can probably get to $19.16 at which point it'll need to break through that resistance level in order to keep moving higher. There aren't very obvious support levels beneath this point. So put those stop losses on, this thing has room to fall if buyers don't come in at this level.

Analyst Ratings for Dentsply Sirona By Price Target And Rating

The analysts are pretty neutral on DENTSPLY SIRONA right now, so not much useful information here. The current Analysts Sentiment Score is 0.31. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Barrington Research announced a lowering of their price target to $38.00 from $41.00 on 2024-05-03. Robert W. Baird provided a price target decease of -5.71% to $33.00 from $35.00 on 2024-05-03. Needham & Company LLC dropped their price target by -14.29% to $36.00 on 2024-05-03. Piper Sandler reiterated a rating of Neutral on 2024-05-03 and decided to decrease their price target by -8.57% down to $32.00. Evercore ISI provided a price target decease of -12.5% to $35.00 from $40.00 on 2024-05-03. On 2024-02-26 SVB Leerink started covering DENTSPLY SIRONA with a rating of Outperform and they set their price target at $42.00.Leerink Partnrs reiterated a rating of Outperform on 2024-02-26. On 2023-11-13 Stifel Nicolaus lowered their price target by -8.57% to $32.00. William Blair upgraded from Market Perform to Outperform on 2023-11-10. On 2023-11-07 The Goldman Sachs Group lowered their price target by -14.29% to $36.00.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for DENTSPLY SIRONA

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for DENTSPLY SIRONA

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.