Addus HomeCare Technical Analysis (NASDAQ:ADUS)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. 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. Technical analysis uses an approach for Addus HomeCare stock analysis that does not care for the fair value of a company but uses price and volume data only.
Addus HomeCare Moving Average
Moving averages show the average price of ADUS stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $36.38 is above the price of $35.9.
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. Currently the stock price of $35.9 is in the lower range 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 gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Addus HomeCare MACD indicator is above 0 indicating a bullish trend.
Addus HomeCare Relative Strength Index
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. The relative strength index of ADUS stock is 45.38.