Acadia Healthcare Company Forecast and Stock Analysis
Technical ACHC stock analysis for Thursday May 23, 2019.
|Price to book||USD 1.24|
|Next Earnings Date||2019-07-29|
Acadia Healthcare Company fell by -3.79% in the last day ( Thursday, 23rd May 2019 ) from $33.51 to $32.24 During day the stock fluctuated 3.49% from a day low at $32.10 to a day high of $33.22. The price has risen in 6 of the last 10 days , but is still down by -0.37% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -56 305 shares and in total 457 450 shares bought and sold for approximately $14.75 million.
- 30 day high of the ACHC stock price was $34.50 and low was $29.59.
- 90 day high was $34.50 and low was $25.85.
- 52 week high for the Acadia Healthcare Company - $45.35 and low - $24.27.
Acadia Healthcare Company 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 16.39% during the next 3 months and, with 90% probability hold a price between $35.35 and $40.76 at the end of this period.
Acadia Healthcare Company holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $32.96. On a fall, the stock will find some support from the long-term average at approximately $31.59. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. 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 Wednesday May 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 40 and the stock is currently not being overbought or oversold
Support & Resistance
Acadia Healthcare Company finds support from accumulated volume at $31.22.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.12 (3.49%) between high and low. For the last week, the stock has had a daily average volatility of 2.46%.
Our recommended stoploss: $30.36 (-5.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
2.46 %Average volatility
Very Low Low Medium High Very High
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 this stock to perform well in the short-term.
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|ACHC $32.24 ($-1.27 -3.79%)|
ACHC is down $1.27 today, but where's it headed in 2019?
|Zacks Investment Research is releasing its prediction for ACHC based on the 1-3 month system that more than doubles the S&P 500.
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