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 AMED
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Amedisys Inc stock upgraded to Hold/Accumulate.
(Updated on Mar 28, 2024)

Hold candidate since Mar 28, 2024 PDF

The Amedisys Inc stock price fell by -0.324% on the last day (Thursday, 28th Mar 2024) from $92.46 to $92.16. During the last trading day the stock fluctuated 0.575% from a day low at $92.11 to a day high of $92.64. The price has risen in 5 of the last 10 days but is still down by -0.67% for this period. Volume has increased on the last day by 128 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 283 thousand shares were bought and sold for approximately $26.05 million.

The stock lies in the lower of a narrow and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $91.95 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.50% during the next 3 months and, with a 90% probability hold a price between $89.65 and $91.25 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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AMED Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 0.0109%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Amedisys Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $92.22 and $93.19. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Amedisys Inc stock

Amedisys Inc finds support from accumulated volume at $92.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.530 between high and low, or 0.575%. For the last week the stock has had daily average volatility of 0.702%.

Our recommended stop-loss: $87.30 (-5.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

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

For the upcoming trading day on Monday, 1st we expect Amedisys Inc to open at $92.30, and during the day (based on 14 day Average True Range), to move between $91.25 and $93.07, which gives a possible trading interval of +/-$0.91 (+/-0.99%) up or down from last closing price. If Amedisys Inc takes out the full calculated possible swing range there will be an estimated 1.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $92.15 (0.01%) than the resistance at $93.14 (1.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Amedisys Inc stock A Buy?

Amedisys Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.698 Hold/Accumulate Upgraded

Predicted Opening Price for Amedisys Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$92.30 ( 0.156%) $92.16

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

Trading levels for AMED

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 92.83 0.731 %
R2 92.63 0.511 %
R1 92.51 0.375 %
Current price: 92.16
Support S1 92.10 -0.0642 %
S2 91.98 -0.200 %
S3 91.77 -0.420 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 93.61 1.57 %
R2 93.54 1.50 %
R1 93.14 1.06 %
Current price 92.16
Support S1 92.15 -0.0109%
S2 0 .
S3 0 .

FAQ

What is the symbol for Amedisys Inc Stock and on which exchange is it traded?
The symbol for Amedisys Inc is AMED and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Amedisys Inc Stock?
Amedisys Inc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

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

What's the current price of Amedisys Inc Stock?
As of the end of day on the 2024-03-28, the price of an Amedisys Inc (AMED) share was $92.16.

What is the 52-week high and low for Amedisys Inc Stock?
The 52-week high for Amedisys Inc Stock is $96.44 and the 52-week low is $71.19.

What is the market capitalization of Amedisys Inc Stock?
As of the 2024-03-28, the market capitalization of Amedisys Inc is 3.015B.

When is the next earnings date for Amedisys Inc?
The upcoming earnings date for Amedisys Inc is May 01, 2024.
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About Amedisys Inc

Amedisys Amedisys, Inc., together with its subsidiaries, provides healthcare services in the United States. It operates through three segments: Home Health, Hospice, Personal Care, and High Acuity Care. The Home Health segment offers a range of services in the homes of individuals for the recovery of patients from surgery, chronic disability, or terminal illness, as well as prevents avoidable hospital readmissions through its skilled nurses; rehabilitatio... AMED Profile

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