RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AAOI
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Red day on Thursday for Applied Optoelectronics
(Updated on Mar 28, 2024)

Sell candidate since Feb 23, 2024 Loss -2.05% PDF

The Applied Optoelectronics stock price fell by -0.716% on the last day (Thursday, 28th Mar 2024) from $13.96 to $13.86. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 6.21% from a day low at $13.60 to a day high of $14.44. The price has fallen in 6 of the last 10 days but is still up by 7.28% over the past 2 weeks. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately $33.83 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.99% during the next 3 months and, with a 90% probability hold a price between $8.63 and $15.42 at the end of this 3-month period.

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AAOI Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 15, 2024, and so far it has risen 9.13%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Applied Optoelectronics stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $14.40 and $16.06. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Applied Optoelectronics stock

Applied Optoelectronics finds support from accumulated volume at $13.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.84 between high and low, or 6.21%. For the last week, the stock has had daily average volatility of 4.56%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AAOI) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Applied Optoelectronics to open at $13.97, and during the day (based on 14 day Average True Range), to move between $12.70 and $15.02, which gives a possible trading interval of +/-$1.16 (+/-8.34%) up or down from last closing price. If Applied Optoelectronics takes out the full calculated possible swing range there will be an estimated 16.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.60 (1.88%) than the resistance at $14.15 (2.09%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Applied Optoelectronics stock A Buy?

Applied Optoelectronics holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -5.479 Strong Sell Candidate Unchanged

Predicted Opening Price for Applied Optoelectronics of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$13.97 ( 0.780%) $13.86

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for AAOI

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.81 6.87 %
R2 14.49 4.54 %
R1 14.29 3.11 %
Current price: 13.86
Support S1 13.65 -1.55 %
S2 13.45 -2.98 %
S3 13.12 -5.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.98 15.30 %
R2 14.73 6.28 %
R1 14.15 2.09 %
Current price 13.86
Support S1 13.60 -1.88%
S2 12.98 -6.35%
S3 12.92 -6.78%

FAQ

What is the symbol for Applied Optoelectronics Stock and on which exchange is it traded?
The symbol for Applied Optoelectronics is AAOI and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Applied Optoelectronics Stock?
Applied Optoelectronics holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Applied Optoelectronics Stock?
Applied Optoelectronics Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Applied Optoelectronics Stock.

What's the current price of Applied Optoelectronics Stock?
As of the end of day on the 2024-03-28, the price of an Applied Optoelectronics (AAOI) share was $13.86.

What is the 52-week high and low for Applied Optoelectronics Stock?
The 52-week high for Applied Optoelectronics Stock is $24.75 and the 52-week low is $1.60.

What is the market capitalization of Applied Optoelectronics Stock?
As of the 2024-03-28, the market capitalization of Applied Optoelectronics is 532.198M.

When is the next earnings date for Applied Optoelectronics?
The upcoming earnings date for Applied Optoelectronics is May 02, 2024.
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About Applied Optoelectronics

Applied Optoelectronics Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, subassemblies, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to internet data center operators, cable television and telecom equipment manufacturers, and internet service providers through its direct and ind... AAOI Profile

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