AMEDISYS INC (AMED) Stock Technical Analysis
NASDAQ:AMED - Nasdaq - US0234361089 - Common Stock - Currency: USD
Taking everything into account, AMED scores 8 out of 10 in our technical rating. Although AMED is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, AMED also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 98.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 97.69, a Stop Loss order could be placed below this zone.
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90.94
2 important support areas can be observed.
- A support zone ranging from 95.03 to 97.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 91.86 to 92.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 98.35 to 98.45. 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 AMED is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AMED is up. |
| ChartMill Relative Strength | 55.85 | NEUTRAL | AMED is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AMED is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AMED is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AMED is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.1 | NEUTRAL | The RSI value for AMED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests AMED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.88 | OVERBOUGHT | The high Stochastics value suggests AMED may be overbought. |
| Average True Range in percent/ATR (20) | 0.86 | LOW VOLATILITY | The low ATR as a percentage value for AMED suggests low volalility. |
| Average Directional Index/ADX (14) | 47.13 | POSITIVE | The high ADX value value for AMED suggests a strong trend. |
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 |
|---|---|---|---|
| 98.46 | 96.91 | 1.55 (1.57%) | 25.00% |
| An entry @98.46. This is a Buy Stop order right above the resistance zone. | An exit @96.91. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.55 points, which is 1.57%. | For a 0.39% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
97.92
-0.11 (-0.11%)