ENCOMPASS HEALTH CORP (EHC) Stock Technical Analysis
USA - NYSE:EHC - US29261A1007 - Common Stock
126.05 USD
-0.75 (-0.59%)
126.05 USD
0 (0%)
We assign a technical rating of 9 out of 10 to EHC. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, EHC is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that EHC is one of the better performing stocks in the market, outperforming 78% of all stocks.
EHC is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 80% of 101 stocks in the same industry.
A new 52 week high is currently being made by EHC, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month EHC has a been trading in the 118.98 - 127.15 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, EHC also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 126.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 124.77, a Stop Loss order could be placed below this zone.
More info and screens
106.59
128.09
When analyzing the support we can see 3 important areas.
- A support zone ranging from 121.73 to 124.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 111.83 to 113.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 107.67 to 107.83. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 126.06 to 126.82. 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 EHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EHC is up. |
| ChartMill Relative Strength | 78.28 | POSITIVE | EHC has a high relative strength, it outperformed 78.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EHC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EHC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.87 | NEUTRAL | The RSI value for EHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests EHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.84 | OVERBOUGHT | The high Stochastics value suggests EHC may be overbought. |
| Average True Range in percent/ATR (20) | 1.51 | LOW VOLATILITY | The low ATR as a percentage value for EHC suggests low volalility. |
| Average Directional Index/ADX (14) | 31.5 | POSITIVE | The high ADX value value for EHC 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 |
|---|---|---|---|
| 126.83 | 121.32 | 5.51 (4.34%) | 23.02% |
| An entry @126.83. This is a Buy Stop order right above the resistance zone. | An exit @121.32. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.51 points, which is 4.34%. | When investing 23.02% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
126.05
-0.75 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.59%
1 Week0.37%
2 Weeks2.11%
1 Month5.35%
3 Month4.24%
6 Month31.33%
12 Month35.17%
2 Year87.69%
3 Year178.69%
5 Year93.98%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2
ATR(20)%1.51%
ATR Inc-6.01%
Range Today1.43
ADR(20)1.87
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.28
Mansfield0.72
10 Day High127.15
10 Day Low121.33
20 Day High127.15
20 Day Low118.98
52 Week High127.15
52 Week Low87.85
CS1 End124.77
CR1 Start126.06
Volume & EV
DER(3)0.13%
DER(5)0.2%
Volume551.50K
Volume Incr-30.7%
Vol(5)472.72K
Vol(50)881.07K