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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Green day on Wednesday for Addus HomeCare Corporation
(Updated on Mar 27, 2024)

Buy candidate since Mar 18, 2024 Gain 2.51% PDF

The Addus HomeCare Corporation stock price gained 1.15% on the last trading day (Wednesday, 27th Mar 2024), rising from $102.56 to $103.74. During the last trading day the stock fluctuated 1.37% from a day low at $102.81 to a day high of $104.22. The price has been going up and down for this period, and there has been a 4.68% gain for the last 2 weeks. Volume fell on the last day by -35 thousand shares and in total, 73 thousand shares were bought and sold for approximately $7.59 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

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 $105.02 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.10% during the next 3 months and, with a 90% probability hold a price between $104.99 and $119.83 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 $102.23 and $96.04. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 7.21%. Further rise is indicated 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 it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Wednesday, January 31, 2024 with a target of $95.14. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.

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 $1.41 between high and low, or 1.37%. For the last week, the stock has had daily average volatility of 2.05%.

Our recommended stop-loss: $100.02 (-3.59%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (ADUS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Addus HomeCare Corporation to open at $103.59, and during the day (based on 14 day Average True Range), to move between $101.14 and $106.34, which gives a possible trading interval of +/-$2.60 (+/-2.51%) up or down from last closing price. If Addus HomeCare Corporation takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $92.10, some $11.64 (11.22%) from the current price of $103.74, our system finds the risk reward attractive.

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: 3.671 Buy Candidate Unchanged

Predicted Opening Price for Addus HomeCare Corporation of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$103.59 ( 0.145%) $103.74

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 105.00 1.21 %
R2 104.46 0.695 %
R1 104.13 0.375 %
Current price: 103.74
Support S1 103.05 -0.664 %
S2 102.72 -0.98 %
S3 102.18 -1.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 103.74
Support S1 92.10 -11.22%
S2 90.91 -12.37%
S3 87.33 -15.82%

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 2024-03-27, the price of an Addus HomeCare Corporation (ADUS) share was $103.74.

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 2024-03-27, the market capitalization of Addus HomeCare Corporation is 1.664B.

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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