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Weaker Hold
Today AHPI ranks #6382 as hold candidate. Get a Free Stock at Robinhood
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Allied Healthcare Products Stock Forecast NASDAQ:AHPI

$8.32 (54.65%)

Volume: 54M

Closed: Nov 26, 2021

Hollow Logo Score: 0.000

Allied Healthcare Products Stock Forecast

$8.32 (54.65%)

Volume: 54M

Closed: Nov 26, 2021

Score Hollow Logo 0.000
Which way will AHPI go? Request
Stop-loss: $8.04 (-3.32%)
Key Stats
Beta -1.45
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] The Allied Healthcare Products stock holds an RSI14 at 84 and is currently being overbought on RSI. This does not have to be a sell signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Big movements in Allied Healthcare Products stock price on Friday moving 33.97% between high and low
(Updated on Nov 26, 2021)


Buy or Hold candidate since 2021-11-23 Gain 51.27%

The Allied Healthcare Products stock price gained 54.65% on the last trading day (Friday, 26th Nov 2021), rising from $5.38 to $8.32. During the day the stock fluctuated 33.97% from a day low at $7.33 to a day high of $9.82. The price has risen in 6 of the last 10 days and is up by 63.46% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 54 million more shares were traded than the day before. In total, 54 million shares were bought and sold for approximately $450.61 million.

Given the current short-term trend, the stock is expected to fall -32.48% during the next 3 months and, with a 90% probability hold a price between $2.78 and $5.62 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.

Signals & Forecast

The Allied Healthcare Products 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 $5.64 and $5.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, November 10, 2021, and so far it has risen 72.97%. 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). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $7.73 and $7.37. There is 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, Allied Healthcare Products finds support just below today's level at $7.73. If this is broken, then the next support from accumulated volume will be at $7.37 and $7.16.

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 $2.49 between high and low, or 33.97%. For the last week, the stock has had a daily average volatility of 15.75%.

The Allied Healthcare Products stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. 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: $8.04 (-3.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 11 days ago.)

Is Allied Healthcare Products stock A Buy?

Allied Healthcare Products 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.

Current score: 0.000

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Allied Healthcare Products of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$8.49 $8.32 (Undervalued)
Hold/Accumulate Unchanged

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Volatility and Risk
Daily Average Volatility: 15.75 %
Overall Risk: Very High High Medium Low Very Low
Volatility
15.75 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $9.44
Price: $8.32
Support: $7.73

AHPI Insider Trading Show all Trades

INSIDER POWER

0.428

Last 100 transactions
Buy: 1 283 854 | Sell: 2 996 394 (Shares)
Date Action Amount Person Type
Nov 11, 2021 Buy 750 Root Joseph Ernest Jr Option to purchase common stock
Nov 11, 2021 Buy 750 Graves Judy T Option to purchase common stock
Nov 11, 2021 Buy 750 Weil John D Option to purchase common stock
Nov 11, 2021 Buy 750 Deuser Susan M Option to Purchase Common Stock
Mar 09, 2021 Sell 110 080 Refsland Earl R Common Stock
Show all Insider Trades
INSIDER POWER

0.428

Last 100 transactions
Buy: 1 283 854 | Sell: 2 996 394 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.98 31.97 %
10.03 20.54 %
9.44 13.48 %
Current price: 8.32
Support 7.54 -9.39 %
6.95 -16.45 %
6.00 -27.88 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 9.98 19.95 %
9.69 16.47 %
9.44 13.46 %
Current price 8.32
Support 7.73 -7.09%
7.37 -11.42%
7.16 -13.94%

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About Allied Healthcare Products

Allied Healthcare Products, Inc. manufactures and markets respiratory products for use in the health care industry in a range of hospital and alternate site settings worldwide. The company’s respiratory care/anesthesia products comprise air compressors, calibration equipment, humidifiers, croup tents, and equipment dryers, as well as respiratory disposable products, such as oxygen tubing, facemasks, cannulas, and ventilator circuits; and home re... Read more

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