Investing Report for Amedisys AMED

Source: Stock Traders Daily

Technical Summary

Term →Near Mid Long
Bias Weak Neutral Strong
P1 0 0 264.99
P2 257.25 252.87 294.45
P3 264.15 260.65 324.84

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Amedisys (NASDAQ: AMED) while incorporating prudent risk controls. 

Warning: This is a static report, and the data was valid at the time of the publication, but support and resistance levels for AMED change over time, and 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.

This data is further refined to differentiate trading plans for Day Trading AMED, Swing Trading AMED, and Long Term Investing plans for AMED too.

Longer Term Trading Plans for AMED

June 11, 2021, 3:00 am ET

Our Longer Term Plans for AMED help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Longer Term Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this AMED Report.

AMED - (Long) Support Plan

NONE.

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

AMED - (Short) Resistance Plan

Short under 264.99, target n/a, stop loss @ 265.76

The technical summary data is suggesting a short of AMED as it gets near 264.99, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 265.76. 264.99 is the first level of resistance above 255.6, and by rule, any test of resistance is a short signal. In this case, if resistance 264.99 is being tested, so a short signal would exist.


AMED Long Term Analysis for June 11 2021

Graph of Evitar Corte vs S&P 500

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Swing Trading Plans for AMED

June 11, 2021, 3:00 am ET

Our Swing Trading Plans for AMED help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Swing Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this AMED Report.

AMED - (Long) Support Plan

Buy over 260.65, target 264.99, Stop Loss @ 259.9

If 260.65 begins to break higher, the technical summary data tells us to buy AMED just over 260.65, with an upside target of 264.99. The data also tells us to set a stop loss @ 259.9 in case the stock turns against the trade. 260.65 is the first level of resistance above 255.6, and by rule, any break above resistance is a buy signal. In this case, 260.65, 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.

AMED - (Short) Resistance Plan

Short near 260.65, target 252.87, Stop Loss @ 261.4.

The technical summary data is suggesting a short of AMED if it tests 260.65 with a downside target of 252.87. We should have a stop loss in place at 261.4 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, 260.65, 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 Swing Trading Analysis for June 11 2021

Day Trading Plans for AMED

June 11, 2021, 3:00 am ET

Our Day Trading Plans for AMED help you determine where to buy, sell, short, and set risk controls. Use this in conjunction with our Day Trading Market Analysis to go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis and see how it helps you work with this AMED Report.

AMED - (Long) Support Plan

Buy over 257.25, target 260.65, Stop Loss @ 256.65

If 257.25 begins to break higher, the technical summary data tells us to buy AMED just over 257.25, with an upside target of 260.65. The data also tells us to set a stop loss @ 256.65 in case the stock turns against the trade. 257.25 is the first level of resistance above 255.6, and by rule, any break above resistance is a buy signal. In this case, 257.25, 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.

AMED - (Short) Resistance Plan

Short near 257.25, target 252.87, Stop Loss @ 257.85.

The technical summary data is suggesting a short of AMED if it tests 257.25 with a downside target of 252.87. We should have a stop loss in place at 257.85 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, 257.25, 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 Day Trading Analysis for June 11 2021