Apollo Global Management LLC Stock Forecast
Evaluation of Apollo Global Management LLC stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Apollo Global Management LLC stock price fell by -2.33% on the last day (Friday, 3rd May 2024) from $112.07 to $109.46. During the last trading day the stock fluctuated 3.69% from a day low at $109.22 to a day high of $113.25. The price has fallen in 6 of the last 10 days but is still up by 1.7% 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 -1 million shares and in total, 3 million shares were bought and sold for approximately $357.41 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Apollo Global Management LLC stock with a 90% probability to be traded between $109.47 and $118.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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APO Signals & Forecast
There are mixed signals in the stock today. The Apollo Global Management LLC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $110.38 and $111.39. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.01%. 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).
Support, Risk & Stop-loss for Apollo Global Management LLC stock
Apollo Global Management LLC finds support from accumulated volume at $108.88 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $4.03 (3.69%) between high and low. For the last week, the stock has had daily average volatility of 3.53%.
Our recommended stop-loss: $103.40 (-5.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (APO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Apollo Global Management LLC to open at $110.64, and during the day (based on 14 day Average True Range), to move between $106.27 and $112.65, which gives a possible trading interval of +/-$3.19 (+/-2.91%) up or down from last closing price. If Apollo Global Management LLC takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $109.93 (0.43%) than the support at $108.88 (0.53%), 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 Apollo Global Management LLC stock A Buy?
Apollo Global Management LLC 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.583 Hold/Accumulate Downgraded
Predicted Opening Price for Apollo Global Management LLC of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $110.64 ( 1.08%) | $109.46 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.67 | 4.76 % | |
| R2 | 113.13 | 3.36 % | ||
| R1 | 112.18 | 2.49 % | ||
| Current price: | 109.46 | |||
| Support | S1 | 109.10 | -0.325 % | |
| S2 | 108.15 | -1.19 % | ||
| S3 | 106.61 | -2.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.53 | 4.63 % | |
| R2 | 112.07 | 2.38 % | ||
| R1 | 109.93 | 0.429 % | ||
| Current price | 109.46 | |||
| Support | S1 | 108.88 | -0.530% | |
| S2 | 107.41 | -1.87% | ||
| S3 | 105.90 | -3.25% |
APO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Feb 16, 2024 | Feb 29, 2024 | $0.430 | 0.385% |
| 2 | Nov 16, 2023 | Nov 16, 2023 | Nov 30, 2023 | $0.430 | 0.467% |
| 3 | Aug 03, 2023 | Aug 17, 2023 | Aug 31, 2023 | $0.430 | 0.492% |
| 4 | May 09, 2023 | May 19, 2023 | May 31, 2023 | $0.430 | 0.643% |
| 5 | Feb 09, 2023 | Feb 17, 2023 | Feb 28, 2023 | $0.400 | 0.564% |
FAQ
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