Adeptus Health Inc Stock Forecast
Big movements in Adeptus Health Inc stock price on Monday moving 10.81% between high and low
(Updated on Apr 20, 2020)
The Adeptus Health Inc stock price gained 5.58% on the last trading day (Monday, 20th Apr 2020), rising from $27.98 to $29.54. During the last trading day the stock fluctuated 10.81% from a day low at $27.28 to a day high of $30.23. The price has been going up and down for this period, and there has been a -1.04% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 181 thousand more shares were traded than the day before. In total, 922 thousand shares were bought and sold for approximately $27.23 million.
The stock has broken the narrow and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $29.12, a level that may pose a second chance to hit a runner. According to fan-theory $30.04 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
ADPT Signals & Forecast
The Adeptus Health Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $28.28 and $21.14. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, November 30, -1. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Adeptus Health Inc stock
Adeptus Health Inc finds support from accumulated volume at $28.43 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $2.95 between high and low, or 10.81%. For the last week the stock has had daily average volatility of 6.30%.
Our recommended stop-loss: $1.48 (-5.00%) (Unable to calculate.)
Trading Expectations (ADPT) For The Upcoming Trading Day Of Tuesday 21st
With no resistance above and support from accumulated volume @ $28.43, some $1.11 (3.76%) from the current price of $29.54, our system finds the risk reward attractive.
Is Adeptus Health Inc stock A Buy?
Adeptus Health Inc 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Adeptus Health Inc of Tuesday, April 21, 2020
| Fair opening price April 21, 2020 | Current price |
|---|---|
| $29.02 ( 1.77%) | $29.54 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADPT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.97 | 8.21 % | |
| R2 | 30.84 | 4.40 % | ||
| R1 | 30.14 | 2.04 % | ||
| Current price: | 29.54 | |||
| Support | S1 | 27.89 | -5.59 % | |
| S2 | 27.19 | -7.94 % | ||
| S3 | 26.07 | -11.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 29.54 | |||
| Support | S1 | 28.43 | -3.76% | |
| S2 | 28.16 | -4.67% | ||
| S3 | 27.98 | -5.28% |
FAQ
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