Acadia Healthcare Company Stock Forecast
Evaluation of Acadia Healthcare Company stock downgraded after the last trading session.
(Updated on Sep 22, 2023)
The Acadia Healthcare Company stock price fell by -0.468% on the last day (Friday, 22nd Sep 2023) from $70.48 to $70.15. During the last trading day the stock fluctuated 1.10% from a day low at $70.11 to a day high of $70.88. The price has fallen in 7 of the last 10 days and is down by -3.31% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -64 thousand shares and in total, 330 thousand shares were bought and sold for approximately $23.17 million.
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The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $69.53 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -7.09% during the next 3 months and, with a 90% probability hold a price between $64.61 and $70.81 at the end of this 3-month period.
ACHC Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, September 19, 2023, and so far it has risen 0.487%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Acadia Healthcare Company stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $70.40 and $74.45. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Acadia Healthcare Company stock
Acadia Healthcare Company finds support from accumulated volume at $70.09 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.770 between high and low, or 1.10%. For the last week, the stock has had daily average volatility of 1.46%.
Acadia Healthcare Company is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACHC) For The Upcoming Trading Day Of Monday 25th
For the upcoming trading day on Monday, 25th we expect Acadia Healthcare Company to open at $70.38, and during the day (based on 14 day Average True Range), to move between $68.68 and $71.62, which gives a possible trading interval of +/-$1.47 (+/-2.09%) up or down from last closing price. If Acadia Healthcare Company takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $70.09 (0.09%) than the resistance at $75.00 (6.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Acadia Healthcare Company stock A Buy?
Acadia Healthcare Company holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.890 Open Broker Account
Sell Candidate DowngradedPredicted Opening Price for Acadia Healthcare Company of Monday, September 25, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price September 25, 2023 | Current price |
|---|---|
| $70.38 | $70.15 (Undervalued) |
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Trading levels for ACHC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.15 | 1.43 % | |
| R2 | 70.86 | 1.01 % | ||
| R1 | 70.67 | 0.747 % | ||
| Current price: | 70.15 | |||
| Support | S1 | 70.09 | -0.0914 % | |
| S2 | 69.90 | -0.350 % | ||
| S3 | 69.61 | -0.770 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 79.42 | 13.21 % | |
| R2 | 75.30 | 7.34 % | ||
| R1 | 75.00 | 6.91 % | ||
| Current price | 70.15 | |||
| Support | S1 | 70.09 | -0.0855% | |
| S2 | 69.98 | -0.242% | ||
| S3 | 69.81 | -0.485% |
FAQ
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About Acadia Healthcare Company
Acadia Healthcare Company, Inc. develops and operates inpatient psychiatric facilities, residential treatment centers, group homes, substance abuse facilities, and outpatient behavioral healthcare facilities to serve the behavioral health and recovery needs of communities in the United States and Puerto Rico. The company operates acute inpatient psychiatric facilities, which cares to stabilize patients that are either threat to themselves or 24-h... ACHC Profile
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