ADDUS HOMECARE CORP. - Daily - Technical analysis published on 01/09/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 95.34 USD
My targets
99.84 USD (+2.65%)
102.46 USD (+5.35%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on ADDUS HOMECARE CORP. as long as the price remains well above 95.34 USD. The buyers” bullish objective is set at 99.84 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 102.46 USD. If there is any crossing, the next objective would be the resistance located at 107.25 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The ADDUS HOMECARE CORP. rating is 97.26 USD. The price has increased by +1.29% since the last closing and was traded between 95.64 USD and 97.35 USD over the period. The price is currently at +1.69% from its lowest and -0.09% from its highest.95.64
97.35
97.26
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by ADDUS HOMECARE CORP.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of ADDUS HOMECARE CORP. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
S3 | S2 | S1 | Price | |
---|---|---|---|---|
ProTrendLines | 76.43 | 88.94 | 95.34 | 97.26 |
Change (%) | -21.42% | -8.55% | -1.97% | - |
Change | -20.83 | -8.32 | -1.92 | - |
Level | Major | Major | Major | - |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 94.08 | 94.83 | 95.43 | 96.18 | 96.78 | 97.53 | 98.13 |
Camarilla | 95.65 | 95.77 | 95.90 | 96.02 | 96.14 | 96.27 | 96.39 |
Woodie | 94.00 | 94.79 | 95.35 | 96.14 | 96.70 | 97.49 | 98.05 |
Fibonacci | 94.83 | 95.35 | 95.67 | 96.18 | 96.70 | 97.02 | 97.53 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 90.25 | 92.15 | 93.87 | 95.77 | 97.49 | 99.39 | 101.11 |
Camarilla | 94.60 | 94.93 | 95.26 | 95.59 | 95.92 | 96.25 | 96.59 |
Woodie | 90.16 | 92.11 | 93.78 | 95.73 | 97.40 | 99.35 | 101.02 |
Fibonacci | 92.15 | 93.53 | 94.39 | 95.77 | 97.15 | 98.01 | 99.39 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 85.02 | 87.64 | 92.43 | 95.05 | 99.84 | 102.46 | 107.25 |
Camarilla | 95.18 | 95.86 | 96.54 | 97.22 | 97.90 | 98.58 | 99.26 |
Woodie | 86.11 | 88.18 | 93.52 | 95.59 | 100.93 | 103.00 | 108.34 |
Fibonacci | 87.64 | 90.47 | 92.22 | 95.05 | 97.88 | 99.63 | 102.46 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 64.60 | |
MACD (12,26,9): | 1.6100 | |
Directional Movement: | 10.24 | |
AROON (14): | 35.72 | |
DEMA (21): | 96.62 | |
Parabolic SAR (0,02-0,02-0,2): | 93.43 | |
Elder Ray (13): | 1.22 | |
Super Trend (3,10): | 90.95 | |
Zig ZAG (10): | 97.26 | |
VORTEX (21): | 1.0400 | |
Stochastique (14,3,5): | 84.49 | |
TEMA (21): | 96.69 | |
Williams %R (14): | -5.80 | |
Chande Momentum Oscillator (20): | 5.04 | |
Repulse (5,40,3): | 3.5200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.2300 | |
Courbe Coppock: | 8.33 |
MA7: | 96.27 | |
MA20: | 94.07 | |
MA50: | 90.90 | |
MA100: | 86.81 | |
MAexp7: | 96.07 | |
MAexp20: | 94.47 | |
MAexp50: | 91.33 | |
MAexp100: | 87.32 | |
Price / MA7: | +1.03% | |
Price / MA20: | +3.39% | |
Price / MA50: | +7.00% | |
Price / MA100: | +12.04% | |
Price / MAexp7: | +1.24% | |
Price / MAexp20: | +2.95% | |
Price / MAexp50: | +6.49% | |
Price / MAexp100: | +11.38% |
News
The last news published on ADDUS HOMECARE CORP. at the time of the generation of this analysis was as follows:
- Addus HomeCare Reports Centers For Medicare And Medicaid Services Approval Of Illinois Waiver Amendment To Increase In-Home Care Rates
- Addus Homecare To Participate In Stephens Nashville Investment Conference
- Addus HomeCare Announces Third-Quarter 2019 Financial Results
- Addus HomeCare Announces Third-Quarter 2019 Earnings Release and Conference Call
- Addus HomeCare Completes Purchase Of Hospice Partners Of America
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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