Applied Science Products, Inc. Stock Forecast
Red day on Tuesday for Applied Science Products, Inc. stock after losing 2.46%
(Updated on Jul 02, 2024)
The Applied Science Products, Inc. stock price fell by -2.46% on the last day (Tuesday, 2nd Jul 2024) from $6.50 to $6.34. During the last trading day the stock fluctuated 7.17% from a day low at $6.28 to a day high of $6.73. The price has been going up and down for this period, and there has been a 16.12% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -829 thousand shares and in total, 5 million shares were bought and sold for approximately $30.01 million.
The stock lies in the upper part of a very wide and strong rising 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 $6.56 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 119.17% during the next 3 months and, with a 90% probability hold a price between $10.69 and $14.37 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
APLD Signals & Forecast
The Applied Science Products, Inc. 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 $6.21 and $4.79. 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, July 01, 2024, and so far it has fallen -2.46%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Applied Science Products, Inc. stock
Applied Science Products, Inc. finds support from accumulated volume at $6.04 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.450 between high and low, or 7.17%. For the last week, the stock has had daily average volatility of 12.08%.
Our recommended stop-loss: $6.02 (-5.11%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 51 days ago.)
Trading Expectations (APLD) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Applied Science Products, Inc. to open at $6.45, and during the day (based on 14 day Average True Range), to move between $5.75 and $6.93, which gives a possible trading interval of +/-$0.591 (+/-9.32%) up or down from last closing price. If Applied Science Products, Inc. takes out the full calculated possible swing range there will be an estimated 18.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.50 (2.52%) than the support at $6.04 (4.73%), 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 Applied Science Products, Inc. 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 Applied Science Products, Inc. stock to perform well in the short-term.
Current score: 2.904 Buy Candidate Unchanged
Predicted Opening Price for Applied Science Products, Inc. of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $6.45 ( 1.74%) | $6.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APLD
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.90 | 8.83% |
| R2 | 6.73 | 6.12% |
| R1 | 6.62 | 4.45% |
| Price | 6.34 | |
| S1 | 6.28 | -0.98% |
| S2 | 6.17 | -2.65% |
| S3 | 6.00 | -5.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 6.50 | 2.52% |
| Price | 6.34 | |
| S1 | 6.04 | -4.73% |
| S2 | 6.03 | -4.89% |
| S3 | 5.46 | -13.88% |
FAQ
Click here for our free guide on how to buy Applied Science Products, Inc. Stock.
