Apple Rush Comp Inc Stock Forecast
High volatility in Apple Rush Comp Inc stock price on Friday which ended trading at $0.0028
(Updated on May 03, 2024)
The Apple Rush Comp Inc stock price gained 27.27% on the last trading day (Friday, 3rd May 2024), rising from $0.0022 to $0.0028. During the last trading day the stock fluctuated 27.27% from a day low at $0.0022 to a day high of $0.0028. The price has risen in 5 of the last 10 days but is still down by -9.68% for this period. Volume fell on the last day by -986 thousand shares and in total, 1 million shares were bought and sold for approximately $3.78 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -5.66% during the next 3 months and, with a 90% probability hold a price between $0.0021 and $0.0044 at the end of this 3-month period.
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APRU Signals & Forecast
There are few to no technical positive signals at the moment. The Apple Rush Comp 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 $0.0034. On a fall, the stock will find some support from the short-term average at $0.0025. 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. A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -41.67%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Apple Rush Comp Inc stock
Apple Rush Comp Inc finds support from accumulated volume at $0.0027 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0006 between high and low, or 27.27%. For the last week the stock has had daily average volatility of 21.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APRU) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Apple Rush Comp Inc to open at $0.0026, and during the day (based on 14 day Average True Range), to move between $0.0022 and $0.0034, which gives a possible trading interval of +/-$0.0006 (+/-21.07%) up or down from last closing price. If Apple Rush Comp Inc takes out the full calculated possible swing range there will be an estimated 42.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.0027 (3.57%) than the resistance at $0.0030 (7.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Apple Rush Comp Inc stock A Buy?
Apple Rush Comp Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.407 Sell Candidate Upgraded
Predicted Opening Price for Apple Rush Comp Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $0.0026 ( 7.14%) | $0.0028 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APRU
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0032 | 14.29 % | |
| R2 | 0.0030 | 6.10 % | ||
| R1 | 0.0028 | 1.04 % | ||
| Current price: | 0.0028 | |||
| Support | S1 | 0.0024 | -15.33 % | |
| S2 | 0.0022 | -20.39 % | ||
| S3 | 0.0020 | -28.57 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0033 | 17.86 % | |
| R2 | 0.0032 | 14.29 % | ||
| R1 | 0.0030 | 7.14 % | ||
| Current price | 0.0028 | |||
| Support | S1 | 0.0027 | -3.57% | |
| S2 | 0.0026 | -7.14% | ||
| S3 | 0.0022 | -21.43% |
FAQ
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