AMN Healthcare Services, Inc. Stock Forecast
AMN Healthcare Services, Inc. stock downgraded to Hold/Accumulate
(Updated on May 03, 2024)
The AMN Healthcare Services, Inc. stock price fell by -1.13% on the last day (Friday, 3rd May 2024) from $60.21 to $59.53. During the last trading day the stock fluctuated 4.31% from a day low at $59.27 to a day high of $61.82. The price has risen in 6 of the last 10 days and is up by 4.53% over the past 2 weeks. 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 -309 thousand shares and in total, 420 thousand shares were bought and sold for approximately $24.98 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.42% during the next 3 months and, with a 90% probability hold a price between $38.13 and $57.32 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AMN Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, February 23, 2024, and so far it has risen 8.53%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The AMN Healthcare Services, 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 $59.58. On a fall, the stock will find some support from the short-term average at $58.92. 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. 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 AMN Healthcare Services, Inc. stock
AMN Healthcare Services, Inc. finds support from accumulated volume at $58.72 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 $2.56 (4.31%) between high and low. For the last week, the stock has had daily average volatility of 3.79%.
Our recommended stop-loss: $57.33 (-3.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (AMN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect AMN Healthcare Services, Inc. to open at $60.21, and during the day (based on 14 day Average True Range), to move between $57.43 and $61.63, which gives a possible trading interval of +/-$2.10 (+/-3.53%) up or down from last closing price. If AMN Healthcare Services, Inc. takes out the full calculated possible swing range there will be an estimated 7.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $59.98 (0.76%) than the support at $58.72 (1.36%), 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.
Earnings coming up
AMN Healthcare Services, Inc. will release earnings AMC on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.93. We will update the financials statements for AMN Healthcare Services, Inc., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.85% in the first trading day after earnings release.
Is AMN Healthcare Services, Inc. stock A Buy?
AMN Healthcare Services, Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.284 Hold/Accumulate Downgraded
Predicted Opening Price for AMN Healthcare Services, Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $60.21 ( 1.13%) | $59.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.76 | 5.43 % | |
| R2 | 61.78 | 3.79 % | ||
| R1 | 61.18 | 2.77 % | ||
| Current price: | 59.53 | |||
| Support | S1 | 59.23 | -0.506 % | |
| S2 | 58.63 | -1.52 % | ||
| S3 | 57.65 | -3.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.39 | 9.84 % | |
| R2 | 61.69 | 3.63 % | ||
| R1 | 59.98 | 0.756 % | ||
| Current price | 59.53 | |||
| Support | S1 | 58.72 | -1.36% | |
| S2 | 58.11 | -2.39% | ||
| S3 | 57.16 | -3.98% |
AMN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 27, 2011 | Sep 29, 2011 | Sep 29, 2011 | $0.300 | 0.353% |
| 2 | Jul 12, 2011 | Jul 26, 2011 | Aug 16, 2011 | $0.300 | 0.357% |
| 3 | Apr 04, 2011 | Apr 26, 2011 | May 17, 2011 | $0.300 | 0.465% |
| 4 | Jan 18, 2011 | Jan 25, 2011 | Feb 15, 2011 | $0.300 | 0.424% |
| 5 | Oct 25, 2010 | Nov 08, 2010 | Nov 30, 2010 | $3.00 | 4.24% |
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