ADUS stock forecast Addus HomeCare Corporation

ADUS stock forecast

Friday February 14, 2020 Change 1.02% Price $103.82
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ADUS Stock Forecast and Technical Analysis

Buy or Hold candidate since 2020-02-04 Gain 6.98% PDF

Addus HomeCare Corporation gained 1.02% in the last trading day ( Friday, 14th Feb 2020 ), rising from $102.77 to $103.82 , and has now gained 8 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 1.61% from a day low at $102.44 to a day high of $104.09. The price has risen in 9 of the last 10 days and is up by 10.05% over the past 2 weeks. Volume fell in the last day by -1 968 shares and in total, 81 177 shares bought and sold for approximately $8.43 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

ADUS Stock Price Summary

  • 30 day high of the ADUS stock price was $104.09 and low was $94.08.
  • 90 day high was $104.09 and low was $84.20.
  • 52 week high for Addus HomeCare Corporation - $104.09 and low - $59.58.

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ADUS Trend

Addus HomeCare Corporation lies in the upper part of a strong rising trend in the short term, and this may 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 $104.69 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 11.81% during the next 3 months and, with 90% probability hold a price between $107.51 and $117.05 at the end of this period.

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ADUS Signals

Addus HomeCare Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $101.11 and $97.86. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday January 31, 2020, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

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ADUS Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 80 ]

RSI14 is 74 and the stock is currently not being overbought or oversold

* uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

ADUS Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $94.81 and $93.30.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Addus HomeCare Corporation finds support just below today's level at $94.81. If this is broken, then the next support from accumulated volume will be at $93.30 and $91.29.

Support: $94.81 Price: $103.82

ADUS Stock Risk

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.65 (1.61%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.

Since the Addus HomeCare Corporation has been rising for 8 days in a row, the risk for the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.

Our recommended stop-loss: $100.42 (-3.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 10 days ago.)

1.83 %

Average volatility

Overall risk:

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ADUS Stock Evaluation

Addus HomeCare Corporation holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as hold candidate (hold or accumulate) in this position whilst awaiting further development.

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