Fri 20'th Apr 2018
Allscripts Healthcare Solutions Stock Analysis
Technical stock analysis for Fri 20'th Apr 2018
Allscripts Healthcare Solutions fell by -0.48% in the last day from $12.38 to $12.32 and has now fallen 3 days in a row. The price has fallen in 5 of the last 10 days , but is still up by 1.57% over the past 2 weeks. Volume has increased in the last day by 219 378 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 910 579 shares bought and sold for approximately $11.22 million.
|Shorts||8.05% ( 2018-03-29 )|
|Loans||4 090.9 mill|
Allscripts Healthcare Solutions lies the upper part of a wide and falling trend in the short term, and this will 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 $12.54 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -21.46% during the next 3 months and, with 90% probability hold a price between $8.57 and $9.85 at the end of this period.
There are few to none technical positive signals at the moment. Allscripts Healthcare Solutions holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $12.77. On a fall, the stock will find some support from the short-term average at $12.28. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal. A sales signal was issued from a pivot top point on Wednesday April 18, 2018, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
Allscripts Healthcare Solutions finds support from accumulated volume at $12.13. On the upside the stock meets some resistance just above today's level from accumulated volume at $12.35, $13.73 and $13.83.
The stock is about to test the resistance from accumulated volume at $12.35 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.15 (1.26%) between high and low. For the last week, the stock has had a daily average volatility of 1.76%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Allscripts Healthcare Solutions holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
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