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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AMED
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Green day on Friday for Amedisys Inc stock after gaining 0.186%
(Updated on Jun 21, 2024)

Buy or Hold candidate since Jun 03, 2024 Loss -0.22% PDF

The Amedisys Inc stock price gained 0.186% on the last trading day (Friday, 21st Jun 2024), rising from $91.60 to $91.77. During the last trading day the stock fluctuated 0.85% from a day low at $91.23 to a day high of $92.00. The price has been going up and down for this period, and there has been a 0.35% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 66 thousand more shares were traded than the day before. In total, 289 thousand shares were bought and sold for approximately $26.51 million.

The stock is at the lower part of a horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $91.41 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Amedisys Inc stock with a 90% probability to be traded between $92.48 and $98.28 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.

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AMED Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 31, 2024, and so far it has risen 0.680%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amedisys Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $93.53. On a fall, the stock will find some support from the short-term average at $91.73. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Amedisys Inc stock

Amedisys Inc finds support from accumulated volume at $91.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.775 (0.85%) between high and low. For the last week, the stock has had daily average volatility of 0.81%.

Our recommended stop-loss: $86.43 (-5.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (AMED) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Amedisys Inc to open at $91.67, and during the day (based on 14 day Average True Range), to move between $90.76 and $92.78, which gives a possible trading interval of +/-$1.01 (+/-1.10%) up or down from last closing price. If Amedisys Inc takes out the full calculated possible swing range there will be an estimated 2.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $92.16 (0.42%) than the support at $91.25 (0.57%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Amedisys Inc stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Amedisys Inc stock to perform well in the short-term period.

Current score: 2.215 Buy Candidate Unchanged

Predicted Opening Price for Amedisys Inc of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
$91.67 ( 0.114%) $91.77

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

Trading levels for AMED

Fibonacci Support & Resistance Levels

Level Price
R3 92.44 0.730%
R2 92.14 0.407%
R1 91.96 0.208%
Price 91.77
S1 91.37 -0.437%
S2 91.19 -0.636%
S3 90.89 -0.96%

Accumulated Volume Support & Resistance Levels

Level Price
R3 95.60 4.17%
R2 94.08 2.52%
R1 92.16 0.425%
Price 91.77
S1 91.25 -0.567%
S2 91.15 -0.676%
S3 90.40 -1.49%

FAQ

What is the symbol for Amedisys Inc Stock and on which exchange is it traded?
The symbol for Amedisys Inc is AMED and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Amedisys Inc Stock?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Amedisys Inc stock to perform well in the short-term period.

How to buy Amedisys Inc Stock?
Amedisys Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Amedisys Inc Stock.

What's the current price of Amedisys Inc Stock?
As of the end of day on the Jun 21, 2024, the price of an Amedisys Inc (AMED) share was $91.77.

What is the 52-week high and low for Amedisys Inc Stock?
The 52-week high for Amedisys Inc Stock is $97.36 and the 52-week low is $89.55.

What is the market capitalization of Amedisys Inc Stock?
As of the Jun 21, 2024, the market capitalization of Amedisys Inc is 2.999B.

When is the next earnings date for Amedisys Inc?
The upcoming earnings date for Amedisys Inc is Jul 24, 2024.
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About Amedisys Inc

Amedisys Amedisys, Inc., together with its subsidiaries, provides healthcare services in the United States. It operates through three segments: Home Health, Hospice, Personal Care, and High Acuity Care. The Home Health segment offers a range of services in the homes of individuals for the recovery of patients from surgery, chronic disability, or terminal illness, as well as prevents avoidable hospital readmissions through its skilled nurses; rehabilitatio... AMED Profile

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