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Allscripts Healthcare Solutions Stock Forecast NASDAQ:MDRX

$16.73 (1.21%)

Volume: 2M

Closed: Dec 03, 2021

Hollow Logo Score: 1.055

Allscripts Healthcare Solutions Stock Forecast

$16.73 (1.21%)

Volume: 2M

Closed: Dec 03, 2021

Score Hollow Logo 1.055
Which way will MDRX go? Request
Stop-loss: $15.98 (-4.49%)
Key Stats
P/E Ratio 2.65
Beta 0.75
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 55 and the stock is currently not being overbought or oversold

Green day on Friday for Allscripts Healthcare Solutions
(Updated on Dec 03, 2021)


Buy or Hold candidate since 2021-11-01 Gain 21.23%

The Allscripts Healthcare Solutions stock price gained 1.21% on the last trading day (Friday, 3rd Dec 2021), rising from $16.53 to $16.73. , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 2.81% from a day low at $16.53 to a day high of $17.00. The price has been going up and down for this period, and there has been a -2.56% loss for the last 2 weeks. Volume fell on the last day by -806 thousand shares and in total, 2 million shares were bought and sold for approximately $28.99 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 wide and strong 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 22.73% during the next 3 months and, with a 90% probability hold a price between $17.89 and $21.89 at the end of this 3-month period.

Signals & Forecast

A sell signal was issued from a pivot top point on Tuesday, November 23, 2021, and so far it has fallen -4.18%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Allscripts Healthcare Solutions stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $16.74. On a fall, the stock will find some support from the long-term average at approximately $15.36. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $14.26 and $13.80. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Allscripts Healthcare Solutions finds support just below today's level at $14.26. If this is broken, then the next support from accumulated volume will be at $13.80 and $13.78.

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 $0.47 between high and low, or 2.81%. For the last week, the stock has had a daily average volatility of 3.28%.

Our recommended stop-loss: $15.98 (-4.49%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)

Is Allscripts Healthcare Solutions stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.055

Predicted Opening Price for Allscripts Healthcare Solutions of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$16.75 $16.73 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 23, 2021 "Deutsche Bank Aktiengesellschaft" gave "$18.00 - $20.00" rating for MDRX. The price target was set to $17.48+0.7%.

Volatility and Risk
Daily Average Volatility: 3.28 %
Overall Risk: Very High High Medium Low Very Low
Volatility
3.28 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $16.94
Price: $16.73
Support: $14.26

MDRX Insider Trading Show all Trades

INSIDER POWER

1.284

Last 100 transactions
Buy: 1 802 616 | Sell: 1 403 855 (Shares)
Date Action Amount Person Type
Nov 16, 2021 Sell 10 000 Poulton Richard J. Common Stock
Nov 15, 2021 Sell 10 000 Poulton Richard J. Common Stock
Sep 09, 2021 Sell 60 000 Black Paul Common Stock
Sep 07, 2021 Sell 77 381 Garrison Greg Common Stock
Sep 03, 2021 Sell 1 223 Vakharia Tejal Common Stock
Show all Insider Trades
INSIDER POWER

1.284

Last 100 transactions
Buy: 1 802 616 | Sell: 1 403 855 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 17.22 2.91 %
17.04 1.85 %
16.93 1.19 %
Current price: 16.73
Support 16.57 -0.93 %
16.46 -1.59 %
16.29 -2.65 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 17.17 2.63 %
17.11 2.27 %
16.94 1.26 %
Current price 16.73
Support 14.26 -14.76%
13.80 -17.51%
13.78 -17.63%

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About Allscripts Healthcare Solutions

Allscripts Healthcare Solutions Allscripts Healthcare Solutions, Inc. provides information technology and services to healthcare organizations in the United States, Canada, and internationally. It offers electronic health records, connectivity, hosting, outsourcing, analytics, patient engagement, clinical decision support, and population health management solutions. The company’s Clinical and Financial Solutions segment provides integrated clinical software applications and fi... Read more

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