AAP, Inc. Stock Forecast
Big movements in AAP, Inc. stock price on Thursday moving 100.00% between high and low
(Updated on May 23, 2024)
The AAP, Inc. stock price gained 50.00% on the last trading day (Thursday, 23rd May 2024), rising from $0.0002 to $0.0003. During the last trading day the stock fluctuated 100.00% from a day low at $0.0002 to a day high of $0.0003. The price has been going up and down for this period, and there has been a 50% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 30 million more shares were traded than the day before. In total, 91 million shares were bought and sold for approximately $27.38 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.0002, a level that may pose a second chance to hit a runner. According to fan-theory $0.0003 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AAPJ Signals & Forecast
Mostly positive signals in the chart today. The AAP, Inc. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.0002 and $0.0001. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 200.00%. 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). AAP, Inc. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Friday, May 10, 2024 with a target of $0.0001. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for AAP, Inc. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0002 between high and low, or 100.00%. For the last week, the stock has had daily average volatility of 53.33%.
Our recommended stop-loss: $0.0003 (-3.50%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (AAPJ) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect AAP, Inc. to open at $0.0003, and during the day (based on 14 day Average True Range), to move between $0.0002 and $0.0004, which gives a possible trading interval of +/-$0.00005308 (+/-17.69%) up or down from last closing price. If AAP, Inc. takes out the full calculated possible swing range there will be an estimated 35.39% move between the lowest and the highest trading price during the day.
Is AAP, Inc. stock A Buy?
AAP, Inc. holds several positive signals and the break up from the falling trend indicates a possible shift of trend as well. The trend doesn't have to go from falling to rising, it may as well go horizontal or even just decrease the earlier fall rate, but we find the risk-reward to be attractive and expect the stock to perform very well in the short term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.122 Strong Buy Candidate Upgraded
Predicted Opening Price for AAP, Inc. of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| $0.0003 ( 16.67%) | $0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AAPJ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 33.33 % | |
| R2 | 0.0003 | 14.23 % | ||
| R1 | 0.0003 | 2.43 % | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0002 | -35.77 % | |
| S2 | 0.0002 | -47.57 % | ||
| S3 | 0.0001 | -66.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0003 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy AAP, Inc. Stock.
