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 APDN
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Applied DNA stock price ended at $0.428 on Wednesday, after losing 1.77%.
(Updated on Mar 27, 2024)

Sell candidate since Feb 27, 2024 Loss -27.70% PDF

The Applied DNA stock price fell by -1.77% on the last day (Wednesday, 27th Mar 2024) from $0.436 to $0.428. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 8.93% from a day low at $0.412 to a day high of $0.449. The price has fallen in 6 of the last 10 days and is down by -11.5% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 63 thousand shares were bought and sold for approximately $26.91 thousand.

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 -24.89% during the next 3 months and, with a 90% probability hold a price between $0.260 and $0.373 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

APDN Signals & Forecast

There are few to no technical positive signals at the moment. The Applied DNA 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 $0.470 and $0.549. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -14.40%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Applied DNA stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.372 and $0.368. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.368 may give a huge drop in the stock price.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0368 between high and low, or 8.93%. For the last week the stock has had daily average volatility of 9.63%.

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

Trading Expectations (APDN) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Applied DNA Sciences Inc to open at $0.430, and during the day (based on 14 day Average True Range), to move between $0.373 and $0.483, which gives a possible trading interval of +/-$0.0550 (+/-12.86%) up or down from last closing price. If Applied DNA Sciences Inc takes out the full calculated possible swing range there will be an estimated 25.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.440 (2.80%) than the support at $0.372 (13.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Applied DNA Sciences Inc stock A Buy?

Applied DNA 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: -5.503 Strong Sell Candidate Unchanged

Predicted Opening Price for Applied DNA Sciences Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.430 ( 0.405%) $0.428

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

Trading levels for APDN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 0.467 9.00 %
R2 0.452 5.72 %
R1 0.444 3.69 %
Current price: 0.428
Support S1 0.416 -2.88 %
S2 0.407 -4.91 %
S3 0.393 -8.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0.500 16.82 %
R2 0.447 4.32 %
R1 0.440 2.80 %
Current price 0.428
Support S1 0.372 -13.08%
S2 0.368 -14.02%
S3 0 .

FAQ

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

Should I buy or sell Applied DNA Stock?
Applied DNA 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 DNA Stock?
Applied DNA 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 DNA Stock.

What's the current price of Applied DNA Stock?
As of the end of day on the 2024-03-27, the price of an Applied DNA (APDN) share was $0.428.

What is the 52-week high and low for Applied DNA Stock?
The 52-week high for Applied DNA Stock is $1.86 and the 52-week low is $0.368.

What is the market capitalization of Applied DNA Stock?
As of the 2024-03-27, the market capitalization of Applied DNA is 7.267M.

When is the next earnings date for Applied DNA?
The upcoming earnings date for Applied DNA is May 09, 2024.
Click to get the best stock tips daily for free!

About Applied DNA Sciences Inc

Applied DNA Applied DNA Sciences, Inc. develops and markets DNA-based technology solutions for use in the nucleic acid-based in vitro diagnostics and preclinical nucleic-acid based drug development and manufacturing markets; and for supply chain security, anti-counterfeiting, and anti-theft technology purposes. The company's supply chain security and product authentication solutions include SigNature molecular tags that provide forensic power and protection ... APDN Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT