Allscripts Healthcare Solutions 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
Allscripts Healthcare Solutions stock price down 1.00% on Thursday
(Updated on Apr 25, 2024)
The Allscripts Healthcare Solutions stock price fell by -1.00% on the last day (Thursday, 25th Apr 2024) from $8.03 to $7.95. During the last trading day the stock fluctuated 8.68% from a day low at $7.60 to a day high of $8.26. The price has risen in 5 of the last 10 days and is up by 1.92% 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 -694 thousand shares and in total, 61 thousand shares were bought and sold for approximately $485.65 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $7.88, a level that may pose a second chance to hit a runner. According to fan-theory $10.50 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MDRX Signals & Forecast
The Allscripts Healthcare Solutions stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $7.76 and $7.84. A breakdown below any of these levels will issue sell signals. 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 Friday, March 15, 2024, and so far it has fallen -5.36%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Allscripts Healthcare Solutions stock
On the downside, the stock finds support just below today's level from accumulated volume at $6.81 and $6.13. There is a 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 $6.81. If this is broken, then the next support from accumulated volume will be at $6.13 and $5.99.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.660 between high and low, or 8.68%. For the last week the stock has had daily average volatility of 8.29%.
Our recommended stop-loss: $7.56 (-4.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (MDRX) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Allscripts Healthcare Solutions to open at $7.94, and during the day (based on 14 day Average True Range), to move between $7.36 and $8.54, which gives a possible trading interval of +/-$0.594 (+/-7.47%) up or down from last closing price. If Allscripts Healthcare Solutions takes out the full calculated possible swing range there will be an estimated 14.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8.05 (1.26%) than the support at $6.81 (14.34%), 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.
Is Allscripts Healthcare Solutions stock A Buy?
Allscripts Healthcare Solutions 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.
Current score: -0.872 Hold/Accumulate Unchanged
Predicted Opening Price for Allscripts Healthcare Solutions of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $7.94 ( 0.168%) | $7.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MDRX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.60 | 8.13 % | |
| R2 | 8.34 | 4.96 % | ||
| R1 | 8.19 | 3.00 % | ||
| Current price: | 7.95 | |||
| Support | S1 | 7.68 | -3.34 % | |
| S2 | 7.53 | -5.30 % | ||
| S3 | 7.28 | -8.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.50 | 6.92 % | |
| R2 | 8.39 | 5.53 % | ||
| R1 | 8.05 | 1.26 % | ||
| Current price | 7.95 | |||
| Support | S1 | 6.81 | -14.34% | |
| S2 | 6.13 | -22.89% | ||
| S3 | 5.99 | -24.65% |
MDRX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 13, 2008 | Oct 13, 2008 | Oct 17, 2008 | $5.23 | 98.12% |
FAQ
Click here for our free guide on how to buy Allscripts Healthcare Solutions Stock.
