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.
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.
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.
ADUS Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 80 ]
RSI14 is 74 and the stock is currently not being overbought or oversold
* Stockinvest.us 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.
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
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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.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
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