Amedisys Technical Analysis (NASDAQ:AMED)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The Amedisys stock price data and volume are plotted in AMED stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Amedisys. Technical analysis uses an approach for Amedisys stock analysis that does not care for the fair value of a company but uses price and volume data only.
Amedisys Moving Average
Moving averages show the AMED stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The 20 day moving average of $55.16 is below the last closing price of $57.98 and the 50 day moving average of $54.32 is below the last closing price of $57.98. The 10 and 20 day periods can predict short term moving average trends.
Amedisys Bollinger Bands
Bollinger bands comprise of a center line usually AMED SMA, and two AMED stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the upper band in the context of Amedisys bollinger bands.
Amedisys 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 Amedisys MACD line is above the signal line.
Amedisys Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . The relative strength index of AMED stock is 72.19.