Encompass Health Corporation Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Encompass Health Corporation stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Encompass Health Corporation stock price gained 0.246% on the last trading day (Tuesday, 2nd Jul 2024), rising from $85.36 to $85.57. During the last trading day the stock fluctuated 1.05% from a day low at $84.90 to a day high of $85.79. The price has been going up and down for this period, and there has been a 0.29% gain for the last 2 weeks. Volume fell on the last day by -278 thousand shares and in total, 623 thousand shares were bought and sold for approximately $53.27 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 5.67% during the next 3 months and, with a 90% probability hold a price between $87.25 and $94.65 at the end of this 3-month period.
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EHC Signals & Forecast
The Encompass Health Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $85.34 and $85.25. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -1.75%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Tuesday, June 25, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, June 25, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Encompass Health Corporation stock
Encompass Health Corporation finds support from accumulated volume at $85.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.89 between high and low, or 1.05%. For the last week the stock has had daily average volatility of 2.04%.
Our recommended stop-loss: $81.77 (-4.44%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (EHC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Encompass Health Corporation to open at $85.42, and during the day (based on 14 day Average True Range), to move between $84.06 and $87.08, which gives a possible trading interval of +/-$1.51 (+/-1.76%) up or down from last closing price. If Encompass Health Corporation takes out the full calculated possible swing range there will be an estimated 3.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $85.36 (0.25%) than the resistance at $85.86 (0.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Encompass Health Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Encompass Health Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.787 Buy Candidate Upgraded
Predicted Opening Price for Encompass Health Corporation of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $85.42 ( 0.175%) | $85.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EHC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 86.31 | 0.86% |
| R2 | 85.97 | 0.467% |
| R1 | 85.76 | 0.222% |
| Price | 85.57 | |
| S1 | 85.08 | -0.573% |
| S2 | 84.87 | -0.82% |
| S3 | 84.53 | -1.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 86.53 | 1.12% |
| R2 | 85.88 | 0.362% |
| R1 | 85.86 | 0.339% |
| Price | 85.57 | |
| S1 | 85.36 | -0.245% |
| S2 | 84.86 | -0.83% |
| S3 | 82.73 | -3.32% |
EHC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | Jul 01, 2024 | Jul 15, 2024 | $0.150 | 0.175% |
| 2 | May 02, 2024 | Jun 28, 2024 | Jul 15, 2024 | $0.150 | 0.175% |
| 3 | Feb 28, 2024 | Mar 28, 2024 | Apr 15, 2024 | $0.150 | 0.186% |
| 4 | Oct 19, 2023 | Dec 29, 2023 | Jan 16, 2024 | $0.150 | 0.210% |
| 5 | Jul 20, 2023 | Sep 29, 2023 | Oct 16, 2023 | $0.150 | 0.235% |
FAQ
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