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Amn Healthcare Services' 15min chart shows RSI overbought, KDJ death cross.
ByAinvest
Wednesday, Aug 20, 2025 10:31 am ET1min read
Based on the 15-minute chart for Amn Healthcare Services, the Relative Strength Index (RSI) has reached an overbought level, while the KDJ (Keltner Channel Directional Indicator) has recently formed a death cross. This suggests that the stock price has experienced a rapid increase, potentially exceeding its fundamental support level, and may be at risk of further decline as its momentum shifts towards the downside.
As the Q2 earnings season winds down, healthcare providers and services stocks have shown mixed performances. AMN Healthcare Services (NYSE: AMN), a key player in healthcare workforce solutions, reported revenues of $658.2 million, down 11.1% year on year, but exceeding analysts' expectations by 0.8% [1]. Despite the revenue decline, AMN Healthcare's stock has been resilient, rising 10.5% since the earnings release.However, a closer look at the 15-minute chart reveals concerning technical indicators. The Relative Strength Index (RSI) has reached an overbought level, indicating that the stock price has experienced a rapid increase and may be due for a correction. Additionally, the Keltner Channel Directional Indicator (KDJ) has recently formed a death cross, suggesting a potential shift in momentum towards the downside [2].
The RSI's overbought condition and the KDJ's death cross signal that AMN Healthcare Services' stock price has exceeded its fundamental support level and may be at risk of further decline. This could be due to the stock's rapid appreciation, which has outpaced its fundamentals.
Investors should be cautious and monitor these technical indicators closely. While AMN Healthcare Services reported strong earnings, the current technical conditions suggest that the stock price may be overvalued and could experience a correction in the near future.
References:
[1] https://markets.financialcontent.com/stocks/article/stockstory-2025-8-15-q2-earnings-highlights-amn-healthcare-services-nyseamn-vs-the-rest-of-the-healthcare-providers-and-services-stocks
[2] https://stockinvest.us/stock/AMN
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