Appia Energy Corp. Stock Forecast
Appia Energy Corp. stock price down 0% on Wednesday
(Updated on May 22, 2024)
No changes to the price of Appia Energy Corp. stock on the last trading day (Wednesday, 22nd May 2024). During the last trading day the stock fluctuated 4.00% from a day low at $0.125 to a day high of $0.130. The price has fallen in 4 of the last 10 days but is still up by 4% over the past 2 weeks.
The stock lies in the middle of a very wide and 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 -12.27% during the next 3 months and, with a 90% probability hold a price between $0.0808 and $0.126 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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API.CN Signals & Forecast
The Appia Energy 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 $0.129 and $0.127. 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 Thursday, May 09, 2024, and so far it has fallen -7.14%. 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 Appia Energy Corp. stock
Appia Energy Corp. finds support from accumulated volume at $0.125 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.0050 between high and low, or 4.00%. For the last week the stock has had daily average volatility of 7.48%.
Our recommended stop-loss: $0.122 (-5.88%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (API.CN) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Appia Energy Corp. to open at $0.128, and during the day (based on 14 day Average True Range), to move between $0.119 and $0.141, which gives a possible trading interval of +/-$0.0107 (+/-8.25%) up or down from last closing price. If Appia Energy Corp. takes out the full calculated possible swing range there will be an estimated 16.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.135 (3.85%) than the support at $0.125 (3.85%), 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.
Earnings coming up
Appia Energy Corp. will release earnings BMO on Monday, May 27, 2024. We will update the financials statements for Appia Energy Corp., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.69% in the first trading day after earnings release.
Is Appia Energy Corp. stock A Buy?
Appia Energy 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: 0.932 Hold/Accumulate Unchanged
Predicted Opening Price for Appia Energy Corp. of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| $0.128 ( 1.28%) | $0.130 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for API.CN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.133 | 2.56 % | |
| R2 | 0.131 | 1.09 % | ||
| R1 | 0.130 | 0.187 % | ||
| Current price: | 0.130 | |||
| Support | S1 | 0.126 | -2.75 % | |
| S2 | 0.125 | -3.66 % | ||
| S3 | 0.123 | -5.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.145 | 11.54 % | |
| R2 | 0.140 | 7.69 % | ||
| R1 | 0.135 | 3.85 % | ||
| Current price | 0.130 | |||
| Support | S1 | 0.125 | -3.85% | |
| S2 | 0.120 | -7.69% | ||
| S3 | 0.115 | -11.54% |
FAQ
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