Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ADUS
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Red day on Thursday for Addus HomeCare Corporation stock after losing 0.386%
(Updated on Mar 28, 2024)

Buy candidate since Mar 18, 2024 Gain 2.11% PDF

The Addus HomeCare Corporation stock price fell by -0.386% on the last day (Thursday, 28th Mar 2024) from $103.74 to $103.34. During the last trading day the stock fluctuated 1.41% from a day low at $102.98 to a day high of $104.43. The price has been going up and down for this period, and there has been a 5.4% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 70 thousand shares were bought and sold for approximately $7.23 million.

The stock lies in the upper part of a wide and 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 $103.97 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.60% during the next 3 months and, with a 90% probability hold a price between $107.07 and $120.19 at the end of this 3-month period.

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ADUS Signals & Forecast

The Addus HomeCare Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $102.63 and $96.51. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.386%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Addus HomeCare Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $92.10 and $90.91. There is a 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 $92.10. If this is broken, then the next support from accumulated volume will be at $90.91 and $87.33.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.45 between high and low, or 1.41%. For the last week, the stock has had daily average volatility of 1.93%.

Our recommended stop-loss: $99.12 (-4.09%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (ADUS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Addus HomeCare Corporation to open at $103.58, and during the day (based on 14 day Average True Range), to move between $100.82 and $105.86, which gives a possible trading interval of +/-$2.52 (+/-2.44%) up or down from last closing price. If Addus HomeCare Corporation takes out the full calculated possible swing range there will be an estimated 4.88% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $103.50 (0.15%) than the support at $92.10 (10.88%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Addus HomeCare Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Addus HomeCare Corporation stock to perform well in the short-term.

Current score: 1.191 Buy Candidate Unchanged

Predicted Opening Price for Addus HomeCare Corporation of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$103.58 ( 0.233%) $103.34

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ADUS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 105.03 1.63 %
R2 104.48 1.10 %
R1 104.13 0.768 %
Current price: 103.34
Support S1 103.03 -0.303 %
S2 102.68 -0.634 %
S3 102.13 -1.17 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 103.74 0.387 %
R1 103.50 0.155 %
Current price 103.34
Support S1 92.10 -10.88%
S2 90.91 -12.03%
S3 87.33 -15.49%

FAQ

What is the symbol for Addus HomeCare Corporation Stock and on which exchange is it traded?
The symbol for Addus HomeCare Corporation is ADUS and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Addus HomeCare Corporation Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Addus HomeCare Corporation stock to perform well in the short-term.

How to buy Addus HomeCare Corporation Stock?
Addus HomeCare Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Addus HomeCare Corporation Stock.

What's the current price of Addus HomeCare Corporation Stock?
As of the end of day on the 2024-03-28, the price of an Addus HomeCare Corporation (ADUS) share was $103.34.

What is the 52-week high and low for Addus HomeCare Corporation Stock?
The 52-week high for Addus HomeCare Corporation Stock is $114.97 and the 52-week low is $77.30.

What is the market capitalization of Addus HomeCare Corporation Stock?
As of the 2024-03-28, the market capitalization of Addus HomeCare Corporation is 1.677B.

When is the next earnings date for Addus HomeCare Corporation?
The upcoming earnings date for Addus HomeCare Corporation is May 06, 2024.
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About Addus HomeCare Corporation

Addus HomeCare Addus HomeCare Corporation, together with its subsidiaries, provides personal care services to elderly, chronically ill, disabled persons, and individuals who are at risk of hospitalization or institutionalization in the United States. It operates through three segments: Personal Care, Hospice, and Home Health. The Personal Care segment provides non-medical assistance with activities of daily living. This segment offers services that include assi... ADUS Profile

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