Addus HomeCare Corporation Forecast and Stock Analysis
Technical ADUS stock analysis for Thursday May 23, 2019.
|Price to book||USD 3.33|
|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.
- 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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
Support & Resistance
Addus HomeCare Corporation finds support from accumulated volume at $66.76.
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
Very Low Low Medium High Very High
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.
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|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.
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