ADDUS HOMECARE CORP (ADUS) Stock Technical Analysis
NASDAQ:ADUS - Nasdaq - US0067391062 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ADUS. ADUS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
In the last month ADUS has a been trading in the 103.15 - 115.94 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that ADUS is one of the better performing stocks in the market, outperforming 71% of all stocks. However, this relatively good performance is mostly due to a recent big move.
ADUS is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, ADUS did better than 63% of them.
ADUS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ADUS is lagging the market slightly.
Besides having an excellent technical rating, ADUS also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
90.19
134.92
We found 3 important support areas.
- A support zone ranging from 107.50 to 107.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @96.32 from a horizontal line in the daily time frame.
- Support @91.10 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 112.16 to 112.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 114.93 to 115.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @124.72 from a horizontal line in the daily time frame.
- A resistance zone ranging from 133.58 to 133.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for ADUS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADUS is up. |
| ChartMill Relative Strength | 71.64 | POSITIVE | ADUS has a high relative strength, it outperformed 71.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADUS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADUS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADUS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.13 | NEUTRAL | The RSI value for ADUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests ADUS has a negative trend. |
| Stochastics (14,3) | 59.12 | NEUTRAL | The Stochastics value for ADUS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for ADUS suggests some volalility. |
| Average Directional Index/ADX (14) | 42.66 | POSITIVE | The high ADX value value for ADUS suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 112.21 | 108.45 | 3.76 (3.35%) | 25.00% |
| An entry @112.21. This is a Buy Stop order right above the resistance zone. | An exit @108.45. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.76 points, which is 3.35%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ADUS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
110.91
-2.22 (-1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.96%
1 Week-0.56%
2 Weeks0.92%
1 Month6.73%
3 Month15.81%
6 Month-9.71%
12 Month-3.4%
2 Year23.03%
3 Year32.83%
5 Year12.08%
10 Year295.97%
15 Year1694.66%
Volatility
ATR(14)3.13
ATR(20)%2.95%
ATR Inc1.32%
Range Today3.43
ADR(20)3.22
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.64
Mansfield-0.93
10 Day High115.94
10 Day Low108.46
20 Day High115.94
20 Day Low103.15
52 Week High136.72
52 Week Low88.96
CS1 End107.71
CR1 Start112.16
Volume & EV
DER(3)-0.4%
DER(5)1.88%
Volume238.80K
Volume Incr-0.64%
Vol(5)177.50K
Vol(50)211.97K