ADUS - Addus HomeCare Corporation

Industry: Home Health Care Sector: Healthcare

Buy Candidate
Fri 21'st Apr 2017

VOLUME
Buy
TREND
Sell
MV LONG
Buy
MV SHORT
Buy
PIVOT
Buy
MACD
Buy
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Addus HomeCare Corporation Stock Analysis

Technical stock analysis for Fri 21'st Apr 2017

Buy candidate since 2017-04-19 Gain 3.14%

Addus HomeCare Corporation gained 0.92% in the last trading day, rising from USD 32.50 to USD 32.80 , 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 been going up and down for this period, and there has been a 0.15% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 31 821 more shares were traded than the day before. In total, 54 539 shares bought and sold for approximately USD 1.79 million.

Trend

Addus HomeCare Corporation lies the upper part of a wide and strong falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at USD 32.98 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.4% during the next 3 months and, with 90% probability hold a price between USD 25.91 and USD 29.53 at the end of this period.

Signals

Only positive signals in the chart today. Addus HomeCare Corporation holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at USD 32.03 and USD 32.23. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday April 18, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

Support & Resistance

Addus HomeCare Corporation finds support from accumulated volume at USD 32.50, USD 31.50, and USD 30.70. On the upside the stock meets some resistance from accumulated volume at USD 34.45, USD 33.95 and USD 33.45.

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 USD 0.80 (2.48%) between high and low. For the last week, the stock has had a daily average volatility of 3.34%.

Our recommended stoploss: USD 31.25 (-4.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)

Evaluation

Several short-term signals are positive, despite the stock being in a strong falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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