Aptorum Group Limited Class A Stock Forecast
Big movements in Aptorum Group Limited Class A stock price on Thursday moving 39.48% between high and low
(Updated on Apr 18, 2024)
The Aptorum Group Limited Class A stock price fell by -25.93% on the last day (Thursday, 18th Apr 2024) from $7.25 to $5.37. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 39.48% from a day low at $5.04 to a day high of $7.03. The price has fallen in 7 of the last 10 days and is down by -48.12% for this period. Volume has increased on the last day by 40 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, 116 thousand shares were bought and sold for approximately $621.18 thousand.
Given the current short-term trend, the stock is expected to rise 392.09% during the next 3 months and, with a 90% probability hold a price between $26.43 and $60.46 at the end of this 3-month period.
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APM Signals & Forecast
There are few to no technical positive signals at the moment. The Aptorum Group Limited Class A stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $7.69 and $7.30. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -49.10%. 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). Aptorum Group Limited Class A gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Aptorum Group Limited Class A stock
Aptorum Group Limited Class A finds support from accumulated volume at $5.20 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 $1.99 between high and low, or 39.48%. For the last week, the stock has had daily average volatility of 14.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APM) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Aptorum Group Limited Class A to open at $5.81, and during the day (based on 14 day Average True Range), to move between $4.08 and $6.66, which gives a possible trading interval of +/-$1.29 (+/-24.05%) up or down from last closing price. If Aptorum Group Limited Class A takes out the full calculated possible swing range there will be an estimated 48.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $5.20 (3.17%) than the resistance at $6.33 (17.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aptorum Group Limited Class A stock A Buy?
The Aptorum Group Limited Class A stock holds several negative signals and despite the positive trend, we believe Aptorum Group Limited Class A will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Sell candidate.
Current score: -5.531 Strong Sell Candidate Downgraded
Predicted Opening Price for Aptorum Group Limited Class A of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $5.81 ( 8.26%) | $5.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APM
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.80 | 45.31 % | |
| R2 | 7.04 | 31.16 % | ||
| R1 | 6.57 | 22.41 % | ||
| Current price: | 5.37 | |||
| Support | S1 | 5.05 | -5.90 % | |
| S2 | 4.58 | -14.65 % | ||
| S3 | 3.82 | -28.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 6.33 | 17.88 % | ||
| Current price | 5.37 | |||
| Support | S1 | 5.20 | -3.17% | |
| S2 | 4.33 | -19.37% | ||
| S3 | 0 | . |
FAQ
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