Apeloa Pharmaceutical Co Ltd Stock Forecast

Evaluation of Apeloa Pharmaceutical Co Ltd stock downgraded after the last trading session.
(Updated on May 17, 2024)

000739.SZ Signals & Forecast

The Apeloa Pharmaceutical Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ¥15.64. On a fall, the stock will find some support from the long-term average at approximately ¥13.73. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -1.77%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Apeloa Pharmaceutical Co Ltd stock

On the downside, the stock finds support just below today's level from accumulated volume at ¥13.64 and ¥13.52. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Apeloa Pharmaceutical Co Ltd finds support just below today's level at ¥13.64. If this is broken, then the next support from accumulated volume will be at ¥13.52 and ¥12.90.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ¥0.520 between high and low, or 3.38%. For the last week, the stock has had daily average volatility of 4.25%.

The Apeloa Pharmaceutical Co Ltd stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: ¥14.92 (-4.05%) (This stock has high daily movements and this gives high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (000739.SZ) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Apeloa Pharmaceutical Co Ltd to open at ¥15.62, and during the day (based on 14 day Average True Range), to move between ¥14.76 and ¥16.34, which gives a possible trading interval of +/-¥0.793 (+/-5.10%) up or down from last closing price. If Apeloa Pharmaceutical Co Ltd takes out the full calculated possible swing range there will be an estimated 10.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ¥15.60 (0.32%) than the support at ¥13.64 (12.28%), 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 Apeloa Pharmaceutical Co Ltd stock A Buy?

Apeloa Pharmaceutical Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.030 Hold/Accumulate Downgraded

Predicted Opening Price for Apeloa Pharmaceutical Co Ltd of Monday, May 20, 2024

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