Amedisys Inc Stock Forecast
Amedisys Inc stock price down 1.52% on Tuesday
(Updated on Mar 28, 2023)
The Amedisys Inc stock price fell by -1.52% on the last day (Tuesday, 28th Mar 2023) from $74.18 to $73.05. During the last trading day the stock fluctuated 2.59% from a day low at $72.84 to a day high of $74.73. The price has fallen in 6 of the last 10 days and is down by -7.5% 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 -144 thousand shares and in total, 158 thousand shares were bought and sold for approximately $11.53 million.
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The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $69.21 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -10.95% during the next 3 months and, with a 90% probability hold a price between $61.63 and $84.66 at the end of this 3-month period.
AMED Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 23, 2023, and so far it has risen 4.67%. 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 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 $85.67. On a fall, the stock will find some support from the short-term average at $72.65. 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). 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 Amedisys Inc stock
Amedisys Inc finds support from accumulated volume at $72.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.89 between high and low, or 2.59%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AMED) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Amedisys Inc to open at $73.54, and during the day (based on 14 day Average True Range), to move between $70.01 and $76.09, which gives a possible trading interval of +/-$3.04 (+/-4.16%) up or down from last closing price. If Amedisys Inc takes out the full calculated possible swing range there will be an estimated 8.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $72.64 (0.56%) than the resistance at $78.97 (8.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amedisys Inc stock A Buy?
Amedisys Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.054 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Amedisys Inc of Wednesday, March 29, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price March 29, 2023 | Current price |
|---|---|
| $73.54 | $73.05 (Undervalued) |
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Trading levels for AMED
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.43 | 3.26 % | |
| R2 | 74.71 | 2.27 % | ||
| R1 | 74.26 | 1.66 % | ||
| Current price: | 73.05 | |||
| Support | S1 | 72.82 | -0.318 % | |
| S2 | 72.37 | -0.93 % | ||
| S3 | 71.65 | -1.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 83.54 | 14.36 % | |
| R2 | 81.49 | 11.55 % | ||
| R1 | 78.97 | 8.10 % | ||
| Current price | 73.05 | |||
| Support | S1 | 72.64 | -0.561% | |
| S2 | 72.59 | -0.630% | ||
| S3 | 69.79 | -4.46% |
FAQ
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About Amedisys Inc
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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