ADUS - Addus HomeCare Corporation Tue 24'th Jan 2017
Stock analysis for Tue 24'th Jan 2017 (Updated daily)
Buy candidate since 2017-01-20
Addus HomeCare Corporation Stock Analysis
Addus HomeCare Corporation gained 2.21% in the last trading day, rising from USD 33.95 to USD 34.70. , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days days, but is still down by -1% for this period. Volume fell in the last day by -38 515 shares and ,in total, 20 536 shares bought and sold for approximately USD 712 599. You should note that falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Addus HomeCare Corporation 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 29.0% during the next 3 months and, with 90% probability hold a price between USD 42.00 and USD 51.32 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday January 19, 2017, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Addus HomeCare Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains, the stock will meet resistance from the long-term moving average at USD 34.88. On a fall, the stock will find some support from the short-term average at USD 34.34. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Relative Strength Index (RSI)
RSI14 is 38 and the stock is currently not being overbought or oversold
Support & Resistance
Addus HomeCare Corporation finds support from accumulated volume at USD 34.00, USD 32.95, and USD 31.85. On the upside the stock meets some resistance just above today's level from accumulated volume at USD 34.80, USD 34.90 and USD 34.95.
The stock is about to test the resistance from accumulated volume at USD 34.80 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: USD 33.46 (-3.57%) ( criteria: risk and position in trend)
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.