Amedisys AMED Trading Report

Source: Stock Traders Daily

Longer Term Trading Plans for AMED
  • Buy AMED over 118.57 target 151.26 stop loss @ 118.23 Details
  • The technical summary data tells us to buy AMED near 118.57 with an upside target of 151.26. This data also tells us to set a stop loss @ 118.23 to protect against excessive loss in case the stock begins to move against the trade. 118.57 is the first level of support below 122 , and by rule, any test of support is a buy signal. In this case, support 118.57 is being tested, a buy signal would exist.

  • Short AMED under 151.26, target 118.57, stop loss @ 151.7 Details
  • The technical summary data is suggesting a short of AMED as it gets near 151.26 with a downside target of 118.57. We should have a stop loss in place at 151.7though. 151.26 is the first level of resistance above 122, and by rule, any test of resistance is a short signal. In this case, if resistance 151.26 is being tested, a short signal would exist.

Swing Trading Plans for AMED
  • Buy AMED over 151.26, target n/a, Stop Loss @ 150.82 Details
  • If 151.26 begins to break higher, the technical summary data tells us to buy AMED just over 151.26, with an upside target of n/a. The data also tells us to set a stop loss @ 150.82 in case the stock turns against the trade. 151.26 is the first level of resistance above 122, and by rule, any break above resistance is a buy signal. In this case, 151.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short AMED near 151.26, target 118.57, Stop Loss @ 151.7. Details
  • The technical summary data is suggesting a short of AMED if it tests 151.26 with a downside target of 118.57. We should have a stop loss in place at 151.7 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 151.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for AMED
  • Buy AMED over 151.26, target n/a, Stop Loss @ 150.91 Details
  • If 151.26 begins to break higher, the technical summary data tells us to buy AMED just over 151.26, with an upside target of n/a. The data also tells us to set a stop loss @ 150.91 in case the stock turns against the trade. 151.26 is the first level of resistance above 122, and by rule, any break above resistance is a buy signal. In this case, 151.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short AMED near 151.26, target 118.57, Stop Loss @ 151.61. Details
  • The technical summary data is suggesting a short of AMED if it tests 151.26 with a downside target of 118.57. We should have a stop loss in place at 151.61 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 151.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

AMED Technical Summary | Raw Data for the Trading Plans

Term →Near Mid Long
Bias Weak Weak Weak
P1 0 0 86.72
P2 111.11 106.50 118.57
P3 114.93 112.79 151.26

AMED Long Term Analysis for May 14 2022


AMED Swing Trading Analysis for May 14 2022


AMED Day Trading Analysis for May 14 2022

This Amedisys (NASDAQ: AMED) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AMED change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AMED is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AMED too.  All of these are offered below the Summary Table.

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