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Stop-loss: $13.03 (-5.23%)
Key Stats
Beta 1.01
Trailing Dividend Rate 9.26% ($1.27)
* 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 - 75 ] RSI14 is 40 and the stock is currently not being overbought or oversold

Apollo Investment Corporation stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session. (Updated on July 30, 2021)


Hold candidate since 2021-07-30

The Apollo Investment Corporation stock price gained 0.15% on the last trading day (Friday, 30th Jul 2021), rising from $13.73 to $13.75. During the day the stock fluctuated 1.10% from a day low at $13.67 to a day high of $13.82. The price has fallen in 5 of the last 10 days, but is still up by 1.25% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 158 thousand shares were bought and sold for approximately $2.17 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 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 -6.77% during the next 3 months and, with a 90% probability hold a price between $12.41 and $13.57 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

A buy signal was issued from a pivot bottom point on Monday, July 19, 2021, and so far it has risen 2.15%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). 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 Apollo Investment Corporation 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 $13.78 and $13.90. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss

Apollo Investment Corporation finds support from accumulated volume at $13.71 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.15 between high and low, or 1.10%. For the last week the stock has had a daily average volatility of 1.43%.

Our recommended stop-loss: $13.03 (-5.23%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)

Is Apollo Investment Corporation stock A Buy?

Apollo Investment Corporation 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 Sell to a Hold/Accumulate candidate.

Current score: -0.479

Predicted Opening Price for Apollo Investment Corporation of Monday, August 2, 2021

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

Fair opening price August 2, 2021 Current price
$13.75 $13.75 (Overvalued)
Hold/Accumulate Upgraded

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Analyst Ratings

The last rating was given by Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell on May 24, 2021. The price target was changed from $11.00 to $12.00.

Volatility
1.43 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $13.95
Price: $13.75
Support: $13.71

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 13.90 1.07 %
13.84 0.65 %
13.80 0.39 %
Current price: 13.75
Support 13.69 -0.44 %
13.65 -0.70 %
13.60 -1.12 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 14.07 2.33 %
14.02 1.96 %
13.95 1.45 %
Current price 13.75
Support 13.71 -0.29%
13.54 -1.53%
13.46 -2.11%

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