Appotronics Corporation Limited Stock Forecast
Appotronics Corporation Limited stock upgraded from Strong Sell Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Appotronics Corporation Limited stock price gained 3.07% on the last trading day (Wednesday, 26th Jun 2024), rising from $15.61 to $16.09. During the last trading day the stock fluctuated 5.01% from a day low at $15.38 to a day high of $16.15. The price has fallen in 6 of the last 10 days and is down by -6.34% for this period. Volume fell on the last day by -4 million shares and in total, 5 million shares were bought and sold for approximately $79.44 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -13.23% during the next 3 months and, with a 90% probability hold a price between $13.50 and $15.74 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.
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688007.SS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 3.07%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Appotronics Corporation Limited 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 $16.83 and $17.42. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Appotronics Corporation Limited stock
Appotronics Corporation Limited finds support from accumulated volume at $15.61 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 $0.770 between high and low, or 5.01%. For the last week, the stock has had daily average volatility of 4.59%.
Our recommended stop-loss: $15.18 (-5.65%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (688007.SS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Appotronics Corporation Limited to open at $15.87, and during the day (based on 14 day Average True Range), to move between $15.42 and $16.76, which gives a possible trading interval of +/-$0.666 (+/-4.14%) up or down from last closing price. If Appotronics Corporation Limited takes out the full calculated possible swing range there will be an estimated 8.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.61 (2.98%) than the resistance at $19.67 (22.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Appotronics Corporation Limited stock A Buy?
Appotronics Corporation Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Hold/Accumulate candidate.
Current score: -0.339 Hold/Accumulate Upgraded
Predicted Opening Price for Appotronics Corporation Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| $15.87 ( 1.35%) | $16.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 688007.SS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.64 | 3.44% |
| R2 | 16.35 | 1.61% |
| R1 | 16.17 | 0.481% |
| Price | 16.09 | |
| S1 | 15.58 | -3.17% |
| S2 | 15.40 | -4.30% |
| S3 | 15.10 | -6.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 19.92 | 23.80% |
| R2 | 19.90 | 23.68% |
| R1 | 19.67 | 22.25% |
| Price | 16.09 | |
| S1 | 15.61 | -2.98% |
| S2 | 0 | - |
| S3 | 0 | - |
688007 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | $0.0540 | 0.256% |
| 2 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | $0.105 | 0.441% |
| 3 | Jun 09, 2021 | Jun 09, 2021 | Jun 09, 2021 | $0.0550 | 0.154% |
| 4 | Jul 01, 2020 | Jul 01, 2020 | Jul 01, 2020 | $0.0750 | 0.298% |
FAQ
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