Acadia Healthcare Company Forecast and Stock Analysis
Technical ACHC stock analysis for March 21, 2019.
Acadia Healthcare Company gained 3.14% in the last trading day, rising from $30.27 to $31.22 The price has risen in 8 of the last 10 days and is up by 9.58% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 257 380 more shares were traded than the day before. In total, 970 670 shares bought and sold for approximately $30.30 million.
Close price at the end of the last trading day (Thursday, 21st Mar 2019) of the ACHC stock was $31.22. This is 3.14% more than the trading day before Wednesday, 20th Mar 2019.
During day the stock fluctuated 4.01% from a day low at $30.08 to a day high of $31.29.
30 day high of the ACHC stock price was $31.29 and low was $25.85.
90 day high was $31.29 and low was $24.27.
52 week high for the Acadia Healthcare Company - $45.35 and low - $24.27.
Acadia Healthcare Company lies in the upper part of a wide and strong rising 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 $31.86 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 12.56% during the next 3 months and, with 90% probability hold a price between $30.61 and $35.86 at the end of this period.
Only positive signals in the chart today. 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 $30.52 and $28.47. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 20, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
Acadia Healthcare Company finds support from accumulated volume at $30.41.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $1.21 between high and low, or 4.01%. For the last week, the stock has had a daily average volatility of 3.59%.
Our recommended stoploss: $29.57 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Strong Buy Candidate
Acadia Healthcare Company holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.