Buy Score Rank #4628 out of #5176
Wed 26'th Jul 2017
Addus HomeCare Corporation Stock Analysis
Technical stock analysis for Wed 26'th Jul 2017
Sell candidate since 2017-07-24 Loss -4.37%
Addus HomeCare Corporation has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $36.96. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. Addus HomeCare Corporation holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $37.78 and $37.64. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday July 19, 2017, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 42 and the stock is currently not being overbought or oversold
Support & Resistance
Addus HomeCare Corporation finds support from accumulated volume at . On the upside the stock meets some resistance from accumulated volume at $40.20, $37.95 and $37.75.
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 $1.45 (4.06%) between high and low. For the last week, the stock has had a daily average volatility of 2.73%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
The stock stock holds several negative signals and despite the positive trend we believe Addus HomeCare Corporation will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.