Weaker Buy Today AMED ranks #602 as BUY CANDIDATE. Stronger Buy
Today AMED ranks #602 as BUY CANDIDATE.

AMED stock Amedisys Inc

AMED stock
Amedisys Inc

Wed 12'th Dec 2018

PERIOD 2018-09-13 - 2018-12-12
CHANGE 2.95%
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy
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Amedisys Inc Stock Analysis

Technical stock analysis for Wed 12'th Dec 2018

Buy candidate since 2018-12-11 Gain 2.95%
Shorts n/a
Cash n/a
Loans n/a
Beta 1.35
ROA 11.54

Amedisys Inc gained 2.95% in the last trading day, rising from $128.97 to $132.77 The price has risen in 6 of the last 10 days and is up by 7.26% over the past 2 weeks. Volume fell in the last day by -6 671 shares, and in total, 550 167 shares bought and sold for approximately $73.05 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.

Trend

Amedisys Inc lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 9.59% during the next 3 months and, with 90% probability hold a price between $114.40 and $154.99 at the end of this period.

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Signals

Only positive signals in the chart today. Amedisys Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $133.13. On a fall, the stock will find some support from the long-term average at approximately $120.39. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday December 11, 2018, 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 may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $115.18 and $110.00.

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, Amedisys Inc finds support just below today's level at $115.18. If this is broken, then the next support from accumulated volume will be at $110.00 and $108.44.

Support: $115.18 Price: $132.77 Resistance: $134.03

Risk

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 $4.79 between high and low, or 3.67%. For the last week, the stock has had a daily average volatility of 5.22%.

Our recommended stoploss: $126.57 (-4.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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 this stock to perform well in the short-term.

Weaker Buy Today AMED ranks #602 as BUY CANDIDATE. Stronger Buy
Today AMED ranks #602 as BUY CANDIDATE.