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 PDF
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|
Remember To Visit Our YouTube Channel
On Nov 08, 2021 "Raymond James" gave "$250.00 - $225.00" rating for AMED. The price target was set to $180.91+0.4%.
AMED Insider Trading
|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|
Fibonacci Support & Resistance Levels
Accumulated Volume Support & Resistance Levels
Click to get the best stock tips daily for free!
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!
Join 100 000+ Happy SubscribersDon't miss out on the runners!
Top Fintech Company
featured in The Global Fintech Index 2020 as the top Fintech company of the country.