Previous Hold Today ADUS ranks #1307 as HOLD CANDIDATE #1307 Next Hold

ADUS stock forecast Addus HomeCare Corporation

ADUS stock forecast

Thursday May 23, 2019 Change -3.71% Price $68.49
Chart period: 2019-02-25 - 2019-05-23
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

Will ADUS stock price go up or down on Tue, 28 May 2019?

Predict

Addus HomeCare Corporation Forecast and Stock Analysis

Technical ADUS stock analysis for Thursday May 23, 2019.

Hold candidate since 2019-05-23
Shorts n/a
Insider % n/a
Institutional % n/a
Beta 0.87
ROA 5.57%
Price to book USD 3.33
P/E Ratio 48.97
Next Earnings Date 2019-08-04


Addus HomeCare Corporation fell by -3.71% in the last day ( Thursday, 23rd May 2019 ) from $71.13 to $68.49 and has now fallen 3 days in a row. During day the stock fluctuated 5.70% from a day low at $67.70 to a day high of $71.56. The price has risen in 6 of the last 10 days and is up by 0.34% over the past 2 weeks. Volume has increased in the last day by 38 300 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 108 318 shares bought and sold for approximately $7.42 million.

Quick summary:

  • 30 day high of the ADUS stock price was $74.34 and low was $61.86.
  • 90 day high was $74.34 and low was $59.58.
  • 52 week high for the Addus HomeCare Corporation - $77.82 and low - $54.55.

Trend

Addus HomeCare Corporation lies in the middle of a wide and weak 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 9.26% during the next 3 months and, with 90% probability hold a price between $69.90 and $78.72 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday May 21, 2019, 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. Addus HomeCare Corporation 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 $70.09. On a fall, the stock will find some support from the long-term average at approximately $67.20. 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.

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A buy signal from a double bottom formation was found on Wednesday May 15, 2019 and based on theory for this formation the price should go up by 2.40% to $70.21 within 5 trading days since signal was issued (Wednesday May 22, 2019).

Relative Strength Index (RSI)

RSI14 is 55 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Addus HomeCare Corporation finds support from accumulated volume at $66.76.

Support: $66.76 Price: $68.49 Resistance: $69.15

Risk

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 $3.86 (5.70%) between high and low. For the last week, the stock has had a daily average volatility of 3.93%.

Our recommended stoploss: $65.19 (-4.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 2 days ago.)

3.93 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Evaluation:

Addus HomeCare Corporation holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.

Hold/Accumulate Downgraded
Previous Hold Today ADUS ranks #1307 as HOLD CANDIDATE #1307 Next Hold
ADUS $68.49 ($-2.64 -3.71%)
ADUS is down $2.64 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for ADUS based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will ADUS stock price go up or down
on Tue, 28 May 2019?

Predict

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