ENHABIT INC (EHAB) Stock Technical Analysis
NYSE:EHAB - New York Stock Exchange, Inc. - US29332G1022 - Common Stock - Currency: USD
Taking everything into account, EHAB scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EHAB is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
EHAB is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 74% of 102 stocks in the same industry.
A new 52 week high is currently being made by EHAB, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so EHAB is leading the market.
In the last month EHAB has a been trading in the 9.88 - 10.90 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, EHAB did better than 86% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
EHAB has an excellent technical rating, but the quality of the setup is only medium 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.
More info and screens
7.02
10.92
5 important support areas can be observed.
- A support zone ranging from 10.21 to 10.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.88 from a trend line in the weekly time frame.
- Support @7.60 from a horizontal line in the weekly time frame.
- Support @7.32 from a trend line in the daily time frame.
- Support @7.09 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 10.81 to 10.81. 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 EHAB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EHAB is up. |
| ChartMill Relative Strength | 86.87 | POSITIVE | EHAB has a high relative strength, it outperformed 86.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EHAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EHAB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EHAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.77 | OVERBOUGHT | The high RSI value suggests EHAB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EHAB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 87.57 | OVERBOUGHT | The high Stochastics value suggests EHAB may be overbought. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for EHAB suggests some volalility. |
| Average Directional Index/ADX (14) | 44.54 | POSITIVE | The high ADX value value for EHAB 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)
10.78
-0.02 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.19%
1 Week3.95%
2 Weeks5.48%
1 Month4.86%
3 Month25.93%
6 Month26.53%
12 Month22.5%
2 Year-6.26%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%2.73%
ATR Inc0.38%
Range Today0.25
ADR(20)0.28
ADR(20)%2.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.87
Mansfield2.15
10 Day High10.91
10 Day Low10.15
20 Day High10.91
20 Day Low9.88
52 Week High10.91
52 Week Low6.85
CS1 End10.21
CR1 Start10.81
Volume & EV
DER(3)-1.8%
DER(5)-1.73%
Volume301.80K
Volume Incr-17.58%
Vol(5)363.84K
Vol(50)360.53K