AppFolio Stock Forecast
AppFolio stock price ended at $246.74 on Thursday, after losing 0.375%.
(Updated on Mar 28, 2024)
The AppFolio stock price fell by -0.375% on the last day (Thursday, 28th Mar 2024) from $247.67 to $246.74. During the last trading day the stock fluctuated 3.70% from a day low at $244.00 to a day high of $253.04. The price has been going up and down for this period, and there has been a 10.7% gain for the last 2 weeks. Volume has increased on the last day by 2 million 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, 3 million shares were bought and sold for approximately $628.86 million.
The stock lies in the middle of a 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 41.18% during the next 3 months and, with a 90% probability hold a price between $321.17 and $356.38 at the end of this 3-month period.
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APPF Signals & Forecast
The AppFolio 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 $237.78 and $233.00. 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 Tuesday, March 26, 2024, and so far it has fallen -0.792%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for AppFolio stock
On the downside, the stock finds support just below today's level from accumulated volume at $233.32 and $229.69. 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, AppFolio finds support just below today's level at $233.32. If this is broken, then the next support from accumulated volume will be at $229.69 and $223.66.
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 $9.04 between high and low, or 3.70%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: $239.52 (-2.93%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (APPF) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect AppFolio to open at $247.93, and during the day (based on 14 day Average True Range), to move between $238.86 and $254.62, which gives a possible trading interval of +/-$7.88 (+/-3.19%) up or down from last closing price. If AppFolio takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $247.67 (0.38%) than the support at $233.32 (5.44%), 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 AppFolio 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 AppFolio stock to perform well in the short-term.
Current score: 1.673 Buy Candidate Unchanged
Predicted Opening Price for AppFolio of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$247.93 ( 0.481%) | $246.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APPF
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 256.97 | 4.14 % | |
R2 | 253.51 | 2.75 % | ||
R1 | 251.38 | 1.88 % | ||
Current price: | 246.74 | |||
Support | S1 | 244.47 | -0.92 % | |
S2 | 242.34 | -1.78 % | ||
S3 | 238.89 | -3.18 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 248.71 | 0.798 % | ||
R1 | 247.67 | 0.377 % | ||
Current price | 246.74 | |||
Support | S1 | 233.32 | -5.44% | |
S2 | 229.69 | -6.91% | ||
S3 | 223.66 | -9.35% |
FAQ
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