AMEDISYS INC (AMED) Stock Technical Analysis
NASDAQ:AMED - Nasdaq - US0234361089 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to AMED. 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.
Both the short term and long term trends are positive. This is a very positive sign.
AMED is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
When comparing the performance of all stocks over the past year, AMED turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
AMED is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, AMED did better than 66% of them.
In the last month AMED has a been trading in a tight range between 96.47 and 99.00.
Volume is considerably higher in the last couple of days.
AMED has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 98.35, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AMED in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
91.24
99.49
3 important support areas can be observed.
- A support zone ranging from 95.96 to 98.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @93.88 from a horizontal line in the daily time frame.
- Strong support @92.16 from a horizontal line in the daily time frame.
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 | 44.44 | 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) | 59.92 | NEUTRAL | The RSI value for AMED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests AMED has a positive trend. |
| Stochastics (14,3) | 79.68 | NEUTRAL | The Stochastics value for AMED is a neutral value. |
| Average True Range in percent/ATR (20) | 0.72 | LOW VOLATILITY | The low ATR as a percentage value for AMED suggests low volalility. |
| Average Directional Index/ADX (14) | 20.15 | NEUTRAL | The ADX value for AMED suggests a possible start of a new 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 |
|---|---|---|---|
| 99.01 | 96.71 | 2.30 (2.32%) | 25.00% |
| An entry @99.01. This is a Buy Stop order right above the 10 day high. | An exit @96.71. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.30 points, which is 2.32%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- 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.
98.5
-0.01 (-0.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.01%
1 Week1.64%
2 Weeks0.81%
1 Month2.07%
3 Month3.35%
6 Month7.09%
12 Month0.77%
2 Year5.07%
3 Year-16.84%
5 Year-59.28%
10 Year154.92%
15 Year325.49%
Volatility
ATR(14)0.72
ATR(20)%0.72%
ATR Inc18.41%
Range Today0.77
ADR(20)0.69
ADR(20)%0.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.44
Mansfield-0.32
10 Day High99
10 Day Low96.72
20 Day High99
20 Day Low96.47
52 Week High99
52 Week Low82.15
CS1 End98.35
CR1 StartN/A
Volume & EV
DER(3)4.49%
DER(5)5.12%
Volume555.00K
Volume Incr53.76%
Vol(5)676.64K
Vol(50)408.17K