Addus Homecare Stock Technical Analysis

ADUS Stock  USD 103.74  1.18  1.15%   
As of the 28th of March, Addus HomeCare shows the risk adjusted performance of 0.0444, and Mean Deviation of 1.45. Addus HomeCare technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We are able to break down and analyze data for nineteen technical drivers for Addus HomeCare, which can be compared to its rivals. Please confirm Addus HomeCare standard deviation, as well as the relationship between the maximum drawdown and expected short fall to decide if Addus HomeCare is priced correctly, providing market reflects its regular price of 103.74 per share. Given that Addus HomeCare has jensen alpha of (0.03), we suggest you to validate Addus HomeCare's prevailing market performance to make sure the company can sustain itself at a future point.

Addus HomeCare Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Addus, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Addus
  
Addus HomeCare's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Addus HomeCare Analyst Consensus

Target PriceAdvice# of Analysts
113.33Strong Buy9Odds
Addus HomeCare current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Addus analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Addus stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Addus HomeCare, talking to its executives and customers, or listening to Addus conference calls.
Addus Analyst Advice Details
Addus HomeCare technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Addus HomeCare technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Addus HomeCare trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Addus HomeCare Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Addus HomeCare volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Addus HomeCare Trend Analysis

Use this graph to draw trend lines for Addus HomeCare. You can use it to identify possible trend reversals for Addus HomeCare as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Addus HomeCare price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Addus HomeCare Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Addus HomeCare applied against its price change over selected period. The best fit line has a slop of   0.23  , which means Addus HomeCare will continue generating value for investors. It has 122 observation points and a regression sum of squares at 1919.15, which is the sum of squared deviations for the predicted Addus HomeCare price change compared to its average price change.

About Addus HomeCare Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Addus HomeCare on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Addus HomeCare based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Addus HomeCare price pattern first instead of the macroeconomic environment surrounding Addus HomeCare. By analyzing Addus HomeCare's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Addus HomeCare's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Addus HomeCare specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2023 2024 (projected)
Operating Cycle40.0238.02
Dividend Yield0.06080.0578

Addus HomeCare March 28, 2024 Technical Indicators

Most technical analysis of Addus help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Addus from various momentum indicators to cycle indicators. When you analyze Addus charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Addus HomeCare March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Addus stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Addus HomeCare is a strong investment it is important to analyze Addus HomeCare's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Addus HomeCare's future performance. For an informed investment choice regarding Addus Stock, refer to the following important reports:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Addus HomeCare. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in employment.
For more information on how to buy Addus Stock please use our How to Invest in Addus HomeCare guide.
You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

Complementary Tools for Addus Stock analysis

When running Addus HomeCare's price analysis, check to measure Addus HomeCare's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Addus HomeCare is operating at the current time. Most of Addus HomeCare's value examination focuses on studying past and present price action to predict the probability of Addus HomeCare's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Addus HomeCare's price. Additionally, you may evaluate how the addition of Addus HomeCare to your portfolios can decrease your overall portfolio volatility.
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Is Addus HomeCare's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Addus HomeCare. If investors know Addus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Addus HomeCare listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.334
Earnings Share
3.83
Revenue Per Share
66.182
Quarterly Revenue Growth
0.119
Return On Assets
0.0618
The market value of Addus HomeCare is measured differently than its book value, which is the value of Addus that is recorded on the company's balance sheet. Investors also form their own opinion of Addus HomeCare's value that differs from its market value or its book value, called intrinsic value, which is Addus HomeCare's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Addus HomeCare's market value can be influenced by many factors that don't directly affect Addus HomeCare's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Addus HomeCare's value and its price as these two are different measures arrived at by different means. Investors typically determine if Addus HomeCare is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Addus HomeCare's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.