Apptech Payments Corp. Stock Forecast
Red day on Friday for Apptech Payments Corp.
(Updated on Jun 21, 2024)
No changes to the price of Apptech Payments Corp. stock on the last trading day (Friday, 21st Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $0.380 to a day high of $0.380. The price has fallen in 4 of the last 10 days and is down by -5% for this period.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $0.392 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.38% during the next 3 months and, with a 90% probability hold a price between $0.204 and $0.359 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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APCXW Signals & Forecast
The Apptech Payments Corp. 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 $0.379 and $0.366. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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.
A sell signal from a double top formation was found on Monday, May 06, 2024 and based on theory for this formation the price should fall by -30.08% to $0.266 within 2 trading days since signal was issued (Wednesday, May 08, 2024).
Support, Risk & Stop-loss for Apptech Payments Corp. stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.360 and $0.333. There is a 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, Apptech Payments Corp. finds support just below today's level at $0.360. If this is broken, then the next support from accumulated volume will be at $0.333 and $0.330.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 9.52%
Our recommended stop-loss: $0.357 (-5.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (APCXW) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Apptech Payments Corp. to open at $0.380, and during the day (based on 14 day Average True Range), to move between $0.328 and $0.432, which gives a possible trading interval of +/-$0.0517 (+/-13.61%) up or down from last closing price. If Apptech Payments Corp. takes out the full calculated possible swing range there will be an estimated 27.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.388 (2.00%) than the support at $0.360 (5.26%), 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 Apptech Payments Corp. stock A Buy?
Apptech Payments Corp. 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 Hold/Accumulate Unchanged
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 Apptech Payments Corp. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| $0.380 ( 0.00000000%) | $0.380 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APCXW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.380 | 0.00000000% |
| R2 | 0.380 | 0.00000000% |
| R1 | 0.380 | 0.00000000% |
| Price | 0.380 | |
| S1 | 0.380 | 0.00000000% |
| S2 | 0.380 | 0.00000000% |
| S3 | 0.380 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.410 | 7.89% |
| R2 | 0.400 | 5.26% |
| R1 | 0.388 | 2.00% |
| Price | 0.380 | |
| S1 | 0.360 | -5.26% |
| S2 | 0.333 | -12.42% |
| S3 | 0.330 | -13.16% |
FAQ
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