AppYea Inc Stock Forecast
Volatile ride for AppYea Inc stock price on Friday moving between $0.0291 and $0.0345
(Updated on May 27, 2022)
The AppYea Inc stock price gained 10.48% on the last trading day (Friday, 27th May 2022), rising from $0.0291 to $0.0322. During the last trading day the stock fluctuated 18.56% from a day low at $0.0291 to a day high of $0.0345. The price has been going up and down for this period, and there has been a 7.17% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 39 thousand more shares were traded than the day before. In total, 74 thousand shares were bought and sold for approximately $2.37 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.0278 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 164.14% during the next 3 months and, with a 90% probability hold a price between $0.0734 and $0.175 at the end of this 3-month period.
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APYP Signals & Forecast
The AppYea 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 $0.0316 and $0.0176. A breakdown below any of these levels will issue sell signals. AppYea Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Friday, May 06, 2022, and so far it has fallen -28.56%. 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).
Support, Risk & Stop-loss for AppYea Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.0300 and $0.0291. 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, AppYea Inc finds support just below today's level at $0.0300. If this is broken, then the next support from accumulated volume will be at $0.0291 and $0.0285.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0054 between high and low, or 18.56%. For the last week, the stock has had daily average volatility of 19.99%.
Our recommended stop-loss: $0.0301 (-6.28%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (APYP) For The Upcoming Trading Day Of Tuesday 31st
For the upcoming trading day on Tuesday, 31st we expect AppYea Inc to open at $0.0319, and during the day (based on 14 day Average True Range), to move between $0.0264 and $0.0379, which gives a possible trading interval of +/-$0.0058 (+/-17.98%) up or down from last closing price. If AppYea Inc takes out the full calculated possible swing range there will be an estimated 35.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $0.0330 (2.64%) than the support at $0.0300 (6.69%), 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 AppYea 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 AppYea Inc stock to perform well in the short-term.
Current score: 3.330 Buy Candidate Unchanged
Predicted Opening Price for AppYea Inc of Tuesday, May 31, 2022
| Fair opening price May 31, 2022 | Current price |
|---|---|
| $0.0319 ( 0.726%) | $0.0322 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APYP
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0373 | 16.07 % | |
| R2 | 0.0353 | 9.65 % | ||
| R1 | 0.0340 | 5.69 % | ||
| Current price: | 0.0322 | |||
| Support | S1 | 0.0299 | -7.14 % | |
| S2 | 0.0286 | -11.11 % | ||
| S3 | 0.0265 | -17.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0360 | 11.98 % | |
| R2 | 0.0353 | 9.64 % | ||
| R1 | 0.0330 | 2.64 % | ||
| Current price | 0.0322 | |||
| Support | S1 | 0.0300 | -6.69% | |
| S2 | 0.0291 | -9.49% | ||
| S3 | 0.0285 | -11.35% |
FAQ
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