Addus HomeCare Corporation Forecast and Stock Analysis
Technical ADUS stock analysis for March 22, 2019.
Addus HomeCare Corporation fell by -4.85% in the last day from $66.25 to $63.04 The price has risen in 7 of the last 10 days and is up by 2.87% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1 940 shares and in total 84 310 shares bought and sold for approximately $5.31 million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the ADUS stock was $63.04. This is 4.85% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 5.63% from a day low at $63.00 to a day high of $66.55.
30 day high of the ADUS stock price was $71.20 and low was $59.89.
90 day high was $71.20 and low was $57.94.
52 week high for the Addus HomeCare Corporation - $77.82 and low - $44.45.
Given the current horizontal trend you can expect Addus HomeCare Corporation with 90% probability to be traded between $59.50 and $70.02 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $65.20 and $65.25. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday March 19, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
Addus HomeCare Corporation finds support from accumulated volume at $62.51.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.55 between high and low, or 5.63%. For the last week, the stock has had a daily average volatility of 3.38%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
Addus HomeCare Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.