NYSE trade advice (B): US health care stock | 4-5% gain | USA stock trading picks on 4 Sep 2024

Date
September 4, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NYSE, United States of America

Short Term Stock Trading Advice in USA

  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Encompass Health Corporation
  • 92 – 93
  • 96.5 – 97
  • Below 90
  • 4% – 5%
  • 8 - 10 Days
  • Buy
    Encompass Health Corporation
  • Buy
    Range
    92 – 93
  • Target
    96.5 – 97
  • Stoploss
    Below 90
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    8 - 10 Days
  • * Once the first target hit, reset the StopLoss at your buying price.

    Encompass Health Corporation (NYSE: EHC) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • EHC
  • Encompass Health Corporation
  • Health Care
  • 94.38
  • 57.55
  • NYSE code EHC
  • Stock Name Encompass Health Corporation
  • Sector Health Care
  • 52 Weeks High 94.38
  • 52 Weeks Low 57.55
  • Encompass Health Corporation (NYSE: EHC) vs NYSE - Relative Strength Comparison

    The image compares Bawan Company's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    EHC —   NYSE —

  • Encompass Health Corporation (NYSE: EHC) - Technical Analysis (Daily)

    Encompass Health Corporation - Technical Analysis chart on Daily Price and Volume
    Encompass Health Corporation - Technical Analysis chart on Daily Price and Volume

    • The stock price previously formed a Rounding Bottom pattern while consolidating.
    • Following a breakout, it surged to the 87 level before entering a box pattern for further consolidation.
    • Another breakout led to an impressive all-time high of 94.4, after which the price experienced a brief pullback to the trendline support.
    • Now, the stock is rebounding and is on the verge of reaching its previous all-time high.
    • We anticipate that it may surpass this level and achieve new highs.
  • Encompass Health Corporation (NYSE: EHC) - RSI Indicator

    Encompass Health Corporation stock analysis based on RSI indicator
    Encompass Health Corporation - RSI indicator

    • Current RSI of this stock is 67.21, which indicates the strength of buyers.

  • Encompass Health Corporation (NYSE: EHC) - ADX & DI Indicator

    Encompass Health Corporation stock analysis based on ADX & DI indicator
    Encompass Health Corporation - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Encompass Health Corporation (NYSE: EHC) - MACD Indicator

    Encompass Health Corporation stock analysis based on MACD indicator
    Encompass Health Corporation - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - Encompass Health Corporation (NYSE: EHC) Stock Price Forecast

    Based on our trading advisory services for US stocks, Encompass Health Corporation stock price target will be USD 96.5 - USD 97 in the next 8-10 trading sessions.

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    Target hit. Trade closed.

    4 Sep 2024
    25 Sep 2024
    26 Sep 2024
    15 days
    Loss per
    100,000 SAR
    Stop-loss
    90
    Buy Advice
    4 Sep 2024
    92 – 93
    Target 1
    25 Sep 2024
    96.5
    Target 2
    26 Sep 2024
    97
    Profit per
    100,000 SAR
    15 days
    5,435
    90
    92 – 93
    96.5
    97
    5,435
    4 Sep 2024
    25 Sep 2024
    26 Sep 2024
    15 days
    Loss per
    100,000 SAR
    Stop-loss
    90
    Buy Advice
    4 Sep 2024
    92 – 93
    Target 1
    25 Sep 2024
    96.5
    Target 2
    26 Sep 2024
    97
    Profit per
    100,000 SAR
    15 days
    5,435
    90
    92 – 93
    96.5
    97
    5,435
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Encompass Health Corporation
  • 92 – 93
  • 96.5 – 97
  • Below 90
  • 4% – 5%
  • 8 - 10 Days
  • Buy Encompass Health Corporation
  • Buy
    Range
    92 – 93
  • Target 96.5 – 97
  • Stoploss Below 90
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    8 - 10 Days
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Encompass Health Corporation
  • 92 – 93
  • 96.5 – 97
  • Below 90
  • 4% – 5%
  • 8 - 10 Days
  • Buy
    Encompass Health Corporation
  • Buy
    Range
    92 – 93
  • Target
    96.5 – 97
  • Stoploss
    Below 90
  • Upside
    Potential
    4% – 5%
  • Trade
    Duration
    8 - 10 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Encompass Health Corporation (NYSE: EHC) - Stock Overview

  • NYSE code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • EHC
  • Encompass Health Corporation
  • Health Care
  • 94.38
  • 57.55
  • NYSE code EHC
  • Stock Name Encompass Health Corporation
  • Sector Health Care
  • 52 Weeks High 94.38
  • 52 Weeks Low 57.55
  • Company profile

    Encompass Health Corporation offers post-acute healthcare services in the U.S. and Puerto Rico. It runs inpatient rehabilitation hospitals that deliver medical, nursing, therapy, and support services. The company specializes in inpatient rehabilitation for patients with physical or cognitive disabilities from conditions like strokes, hip fractures, and neurological issues. Services are provided through Medicare, managed care plans, private insurers, and state governments. Previously named HealthSouth Corporation, it rebranded to Encompass Health in January 2018. Founded in 1984, it is headquartered in Birmingham, Alabama.

  • Encompass Health Corporation (NYSE: EHC) vs NYSE - Relative Strength Comparison

    The image compares Bawan Company's 1-year performance to TASI.
    Relative Performance - Last 1 Year
    EHC —   NYSE —

  • Encompass Health Corporation (NYSE: EHC) - Technical Analysis (Daily)

    Encompass Health Corporation - Technical Analysis chart on Daily Price and Volume
    Encompass Health Corporation - Technical Analysis chart on Daily Price and Volume

    • The stock price previously formed a Rounding Bottom pattern while consolidating.
    • Following a breakout, it surged to the 87 level before entering a box pattern for further consolidation.
    • Another breakout led to an impressive all-time high of 94.4, after which the price experienced a brief pullback to the trendline support.
    • Now, the stock is rebounding and is on the verge of reaching its previous all-time high.
    • We anticipate that it may surpass this level and achieve new highs.
  • Encompass Health Corporation (NYSE: EHC) - RSI Indicator

    Encompass Health Corporation stock analysis based on RSI indicator
    Encompass Health Corporation - RSI indicator

    • Current RSI of this stock is 67.21, which indicates the strength of buyers.

  • Encompass Health Corporation (NYSE: EHC) - ADX & DI Indicator

    Encompass Health Corporation stock analysis based on ADX & DI indicator
    Encompass Health Corporation - ADX & DI indicator

    • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

  • Encompass Health Corporation (NYSE: EHC) - MACD Indicator

    Encompass Health Corporation stock analysis based on MACD indicator
    Encompass Health Corporation - MACD indicator

    • MACD line has just crossed the signal line from the below, generates bullish signal.

  • Conclusion - Encompass Health Corporation (NYSE: EHC) Stock Price Forecast

    Based on our trading advisory services for US stocks, Encompass Health Corporation stock price target will be USD 96.5 - USD 97 in the next 8-10 trading sessions.

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    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website