Acadia Healthcare Company Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Acadia Healthcare Company in the last trading day. The price has risen in 7 of the last 10 days and is up by 10.23% over the past 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the ACHC stock was $28.99.
During day the stock fluctuated 0.00% from a day low at $28.99 to a day high of $28.99.
30 day high of the ACHC stock price was $29.47 and low was $24.27.
90 day high was $45.35 and low was $24.27.
52 week high for the Acadia Healthcare Company - $45.35 and low - $24.27.
Acadia Healthcare Company lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $29.96 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -36.29% during the next 3 months and, with 90% probability hold a price between $12.51 and $19.09 at the end of this period.
Acadia Healthcare Company holds buy signals from both short- and long-term moving averages. In addition, 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 $28.88 and $28.67. A break down 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 sales signal was issued from a pivot top point on Thursday January 17, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.
Support & Resistance
Acadia Healthcare Company finds support from accumulated volume at $28.93.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.00 between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 1.76%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stoploss: $27.91 (-3.74%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from pivot top found 2 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
|ACHC $28.99 $0.00(0.00%)|
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