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Today AMED ranks #10876 as sell candidate. Get a Free Stock at Robinhood
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Amedisys Inc Stock Forecast NASDAQ:AMED

$150.13 (-5.26%)

Volume: 273k

Closed: Nov 26, 2021

Hollow Logo Score: -3.449

Amedisys Inc Stock Forecast

$150.13 (-5.26%)

Volume: 273k

Closed: Nov 26, 2021

Score Hollow Logo -3.449
Which way will AMED go? Request
Key Stats
P/E Ratio 22.23
Beta 1.14
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Amedisys Inc stock currently holds an RSI14 at 16 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Amedisys Inc stock price fell more than -5.26% Friday closing at $150.13
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Amedisys Inc stock price fell by -5.26% on the last day (Friday, 26th Nov 2021) from $158.46 to $150.13. and has now fallen 8 days in a row. During the day the stock fluctuated 5.20% from a day low at $149.13 to a day high of $156.89. The price has fallen in 8 of the last 10 days and is down by -16.91% 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 -28 thousand shares and in total, 273 thousand shares were bought and sold for approximately $40.97 million.

The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Amedisys Inc stock with a 90% probability to be traded between $136.64 and $183.20 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

There are few to no technical positive signals at the moment. The Amedisys Inc 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 $165.10 and $167.61. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 10, 2021, and so far it has fallen -18.59%. Further fall is indicated until a new bottom pivot has been found. 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

Amedisys Inc finds support from accumulated volume at $146.40 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 $7.76 between high and low, or 5.20%. For the last week, the stock has had a daily average volatility of 4.14%.

Amedisys Inc is oversold on RSI14 (16). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Amedisys Inc stock A Buy?

Amedisys Inc holds several negative signals and is within a very wide and 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.449

Predicted Opening Price for Amedisys Inc of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$152.05 $150.13 (Undervalued)
Sell Candidate Upgraded

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Analyst Ratings

On Nov 08, 2021 "Raymond James" gave "$250.00 - $225.00" rating for AMED. The price target was set to $180.91+0.4%.

Volatility and Risk
Daily Average Volatility: 4.14 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.14 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $160.38
Price: $150.13
Support: $146.40

AMED Insider Trading Show all Trades

INSIDER POWER

1.318

Last 100 transactions
Buy: 69 217 | Sell: 52 501 (Shares)
Date Action Amount Person Type
Oct 18, 2021 Sell 800 Ginn Scott G Common Stock
Oct 18, 2021 Sell 400 Ginn Scott G Common Stock
Sep 01, 2021 Sell 11 511 Perkins Bruce D Common Stock
Aug 02, 2021 Sell 100 Gerard Christopher Common Stock
Aug 02, 2021 Sell 450 Gerard Christopher Common Stock
Show all Insider Trades
INSIDER POWER

1.318

Last 100 transactions
Buy: 69 217 | Sell: 52 501 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 159.80 6.44 %
156.84 4.47 %
155.01 3.25 %
Current price: 150.13
Support 149.09 -0.70 %
147.26 -1.91 %
144.29 -3.89 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 168.98 12.56 %
164.03 9.26 %
160.38 6.83 %
Current price 150.13
Support 146.40 -2.48%
145.69 -2.96%
142.26 -5.24%

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About Amedisys Inc

Amedisys Amedisys, Inc., together with its subsidiaries, provides home health, and hospice and personal care services. The company’ Home Health segment offers a range of services in the homes of individuals who may be recovering from illness, injury, or surgery through its skilled nurses, physical and speech therapists, occupational therapists, and aides for its patients to complete their important personal tasks. Its Hospice segment offers care that is ... Read more

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