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PRSC - The Providence Service Corporation

Industry: Specialized Health Services Sector: Healthcare Exchange: NASDAQ

PRSC - The Providence Service Corporation

Industry: Specialized Health Services Sector: Healthcare Exchange: NASDAQ
#579()/6519

Fri 15'th Jun 2018

PERIOD 2018-03-16 - 2018-06-15
CHANGE 0.09%
PRICE $77.07
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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The Providence Service Corporation Stock Analysis

Technical stock analysis for Fri 15'th Jun 2018

Buy candidate since 2018-06-08 Gain 2.07%

The Providence Service Corporation gained 0.09% in the last trading day, rising from $77.00 to $77.07 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 7.04% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 77 571 more shares were traded than the day before. In total, 132 984 shares bought and sold for approximately $0.00.

Shorts 1.61% ( 2018-05-31 )
Cash 148.8 mill
Loans 5.1 mill
Beta 0.73
ROA 6.69

Trend

The Providence Service Corporation lies in the middle of a 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 7.2% during the next 3 months and, with 90% probability hold a price between $77.29 and $87.60 at the end of this period.

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Signals

Only positive signals in the chart today. The Providence Service 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 $76.12 and $74.55. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday May 31, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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Relative Strength Index (RSI)

RSI14 is 66 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 $73.00 and $72.99.

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, The Providence Service Corporation finds support just below today's level at $73.00. If this is broken, then the next support from accumulated volume will be at $72.99 and $72.00.

Support: $73.00 Price: $77.07 Resistance: $77.44

Risk

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 $1.04 (1.36%) between high and low. For the last week, the stock has had a daily average volatility of 1.45%.

Our recommended stoploss: $73.51 (-4.62%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 11 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

The Providence Service Corporation holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

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