AMN Technical Analysis - AMN HEALTHCARE SERVICES INC

Technical Rating and Analysis

Taking everything into account, AMN scores 1 out of 10 in our technical rating. AMN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

95% of all other stocks performed better in the past year than AMN.

AMN is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, of which 79% are performing better than AMN.

AMN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month AMN has a been trading in the 14.87 - 21.27 range, which is quite wide. It is currently trading near the high of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AMN HEALTHCARE SERVICES INC / AMN Weekly stock chart

AMN HEALTHCARE SERVICES INC / AMN Daily stock chart

Setup Rating and Analysis

AMN has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

19.80

23.17

We can see 4 important resistance areas.

A resistance zone ranging from 20.52 to 20.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
A resistance zone ranging from 21.04 to 21.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @21.92 from a horizontal line in the weekly time frame.
Resistance @22.94 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for AMN is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for AMN is neutral.
ChartMill Relative Strength	5.74	NEGATIVE	AMN has a low relative strength, it was outperformed by 94.26% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AMN is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of AMN is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AMN is below a declining SMA(200).
Relative Strength Index/RSI (14)	55.21	NEUTRAL	The RSI value for AMN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.32	POSITIVE	The MACD value suggests AMN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	86.34	OVERBOUGHT	The high Stochastics value suggests AMN may be overbought.
Average True Range in percent/ATR (20)	5.34	HIGH VOLATILITY	The high ATR as a percentage value for AMN suggests high volalility.
Average Directional Index/ADX (14)	23.47	NEUTRAL	The ADX value for AMN suggests a possible start of a new trend.