Addus HomeCare Technical Analysis (NASDAQ:ADUS)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Addus HomeCare stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ADUS stock chart which creates a trading signal.
See Addus HomeCare bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. The technical analysis form of Addus HomeCare stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Addus HomeCare Moving Average:
Moving averages show the ADUS stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A rise in trend over the long term indicates a long term uptrend. Similarly a falling ADUS moving average implies that Addus HomeCare stock price is falling.
Addus HomeCare Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ADUS stock. The stock price is trading between the average and the lower band in the context of Addus HomeCare bollinger bands.
Addus HomeCare Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Addus HomeCare MACD indicator is above 0 indicating a bullish trend.
Addus HomeCare Relative Strength Index:
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of ADUS stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .