Applied Science Products, Inc. Stock Forecast
Applied Science Products, Inc. stock price ended at $2.96 on Thursday, after losing 1.33%.
(Updated on May 02, 2024)
The Applied Science Products, Inc. stock price fell by -1.33% on the last day (Thursday, 2nd May 2024) from $3.00 to $2.96. During the last trading day the stock fluctuated 6.85% from a day low at $2.92 to a day high of $3.12. The price has risen in 6 of the last 10 days and is up by 23.85% over the past 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 -4 million shares and in total, 2 million shares were bought and sold for approximately $6.17 million.
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 -40.82% during the next 3 months and, with a 90% probability hold a price between $1.18 and $2.05 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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APLD Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 23.85%. 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. The Applied Science Products, Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.39. On a fall, the stock will find some support from the short-term average at $2.90. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 $2.85 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.200 between high and low, or 6.85%. For the last week, the stock has had daily average volatility of 10.54%.
Our recommended stop-loss: $2.85 (-3.84%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (APLD) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Applied Science Products, Inc. to open at $3.00, and during the day (based on 14 day Average True Range), to move between $2.68 and $3.24, which gives a possible trading interval of +/-$0.281 (+/-9.49%) 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 18.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $2.98 (0.68%) than the support at $2.85 (3.72%), 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?
Applied Science Products, Inc. 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: -0.724 Hold/Accumulate Unchanged
Predicted Opening Price for Applied Science Products, Inc. of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $3.00 ( 1.35%) | $2.96 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 3.20 | 8.11 % | |
| R2 | 3.12 | 5.53 % | ||
| R1 | 3.08 | 3.93 % | ||
| Current price: | 2.96 | |||
| Support | S1 | 2.92 | -1.23 % | |
| S2 | 2.88 | -2.82 % | ||
| S3 | 2.80 | -5.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.07 | 3.72 % | |
| R2 | 3.00 | 1.35 % | ||
| R1 | 2.98 | 0.676 % | ||
| Current price | 2.96 | |||
| Support | S1 | 2.85 | -3.72% | |
| S2 | 2.71 | -8.45% | ||
| S3 | 2.52 | -15.03% |
FAQ
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