Applied Therapeutics Inc. Stock Forecast
Red day on Thursday for Applied Therapeutics Inc. stock after losing 0.730%
(Updated on Mar 28, 2024)
The Applied Therapeutics Inc. stock price fell by -0.730% on the last day (Thursday, 28th Mar 2024) from $6.85 to $6.80. During the last trading day the stock fluctuated 6.08% from a day low at $6.76 to a day high of $7.17. The price has fallen in 5 of the last 10 days but is still up by 16.84% over the past 2 weeks. Volume has increased on the last day by 776 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $9.76 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 136.22% during the next 3 months and, with a 90% probability hold a price between $12.52 and $21.81 at the end of this 3-month period.
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APLT Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, February 28, 2024, and so far it has fallen -8.11%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Applied Therapeutics 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 $6.79 and $5.72. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Applied Therapeutics Inc. stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.60 and $5.38. 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, Applied Therapeutics Inc. finds support just below today's level at $5.60. If this is broken, then the next support from accumulated volume will be at $5.38 and $5.31.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.411 between high and low, or 6.08%. For the last week, the stock has had daily average volatility of 6.61%.
Our recommended stop-loss: $6.58 (-3.20%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (APLT) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Applied Therapeutics Inc. to open at $6.91, and during the day (based on 14 day Average True Range), to move between $6.21 and $7.39, which gives a possible trading interval of +/-$0.591 (+/-8.69%) up or down from last closing price. If Applied Therapeutics Inc. takes out the full calculated possible swing range there will be an estimated 17.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $6.90 (1.47%) than the support at $5.60 (17.65%), 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 Therapeutics 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 Therapeutics Inc. stock to perform well in the short-term.
Current score: 1.809 Buy Candidate Unchanged
Predicted Opening Price for Applied Therapeutics Inc. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$6.91 ( 1.57%) | $6.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APLT
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.32 | 7.62 % | |
R2 | 7.16 | 5.31 % | ||
R1 | 7.06 | 3.88 % | ||
Current price: | 6.80 | |||
Support | S1 | 6.75 | -0.735 % | |
S2 | 6.65 | -2.16 % | ||
S3 | 6.50 | -4.47 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7.40 | 8.82 % | |
R2 | 7.12 | 4.71 % | ||
R1 | 6.90 | 1.47 % | ||
Current price | 6.80 | |||
Support | S1 | 5.60 | -17.65% | |
S2 | 5.38 | -20.88% | ||
S3 | 5.31 | -21.91% |
FAQ
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