Apiam Animal Health Limited Stock Forecast

Red day on Friday for Apiam Animal Health Limited stock after losing 0%
(Updated on May 03, 2024)

AHX.AX Signals & Forecast

The Apiam Animal Health Limited 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 $0.399 and $0.361. A breakdown below any of these levels will issue sell signals. 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 Monday, April 29, 2024, and so far it has fallen -1.23%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Apiam Animal Health Limited stock

Apiam Animal Health Limited finds support from accumulated volume at $0.395 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0100 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 1.28%.

Our recommended stop-loss: $0.384 (-3.90%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 75 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (AHX.AX) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Apiam Animal Health Limited to open at $0.397, and during the day (based on 14 day Average True Range), to move between $0.389 and $0.411, which gives a possible trading interval of +/-$0.0114 (+/-2.85%) up or down from last closing price. If Apiam Animal Health Limited takes out the full calculated possible swing range there will be an estimated 5.70% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.405 (1.25%) than the support at $0.395 (1.25%), 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 Apiam Animal Health Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Apiam Animal Health Limited stock to perform well in the short-term.

Current score: 3.069 Buy Candidate Unchanged

Predicted Opening Price for Apiam Animal Health Limited of Monday, May 6, 2024

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