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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of APYX
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Evaluation of Apyx Medical Corporation stock downgraded after the last trading session.
(Updated on Apr 25, 2024)

Sell candidate since Apr 25, 2024 PDF

The Apyx Medical Corporation stock price fell by -1.33% on the last day (Thursday, 25th Apr 2024) from $1.50 to $1.48. During the last trading day the stock fluctuated 6.29% from a day low at $1.43 to a day high of $1.52. The price has fallen in 6 of the last 10 days and is down by -4.52% for this period. 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 -119 thousand shares and in total, 68 thousand shares were bought and sold for approximately $101.26 thousand.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $1.55 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -47.68% during the next 3 months and, with a 90% probability hold a price between $0.380 and $0.81 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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APYX Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 18.40%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Apyx Medical Corporation 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 $1.51. On a fall, the stock will find some support from the short-term average at $1.37. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Apyx Medical Corporation stock

On the downside, the stock finds support just below today's level from accumulated volume at $1.32 and $1.27. 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, Apyx Medical Corporation finds support just below today's level at $1.32. If this is broken, then the next support from accumulated volume will be at $1.27 and $1.25.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0900 between high and low, or 6.29%. For the last week the stock has had daily average volatility of 11.84%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (APYX) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Apyx Medical Corporation to open at $1.48, and during the day (based on 14 day Average True Range), to move between $1.32 and $1.64, which gives a possible trading interval of +/-$0.158 (+/-10.66%) up or down from last closing price. If Apyx Medical Corporation takes out the full calculated possible swing range there will be an estimated 21.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $1.50 (1.35%) than the support at $1.32 (10.81%), 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 Apyx Medical Corporation stock A Buy?

Apyx Medical Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Sell candidate.

Current score: -1.902 Sell Candidate Downgraded

Predicted Opening Price for Apyx Medical Corporation of Friday, April 26, 2024

Fair opening price April 26, 2024 Current price
$1.48 ( 0.225%) $1.48

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for APYX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.57 5.86 %
R2 1.53 3.53 %
R1 1.51 2.10 %
Current price: 1.48
Support S1 1.44 -2.55 %
S2 1.42 -3.98 %
S3 1.39 -6.31 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.74 17.57 %
R2 1.59 7.43 %
R1 1.50 1.35 %
Current price 1.48
Support S1 1.32 -10.81%
S2 1.27 -14.19%
S3 1.25 -15.54%

FAQ

What is the symbol for Apyx Medical Corporation Stock and on which exchange is it traded?
The symbol for Apyx Medical Corporation is APYX and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Apyx Medical Corporation Stock?
Apyx Medical Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, 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 Sell candidate.

How to buy Apyx Medical Corporation Stock?
Apyx Medical Corporation Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Apyx Medical Corporation Stock.

What's the current price of Apyx Medical Corporation Stock?
As of the end of day on the Apr 25, 2024, the price of an Apyx Medical Corporation (APYX) share was $1.48.

What is the 52-week high and low for Apyx Medical Corporation Stock?
The 52-week high for Apyx Medical Corporation Stock is $7.97 and the 52-week low is $1.21.

What is the market capitalization of Apyx Medical Corporation Stock?
As of the Apr 25, 2024, the market capitalization of Apyx Medical Corporation is 51.273M.

When is the next earnings date for Apyx Medical Corporation?
The upcoming earnings date for Apyx Medical Corporation is May 09, 2024.
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About Apyx Medical Corporation

Apyx Medical Apyx Medical Corporation, an energy technology company, develops, manufactures, and sells medical devices in the cosmetic and surgical markets worldwide. The company operates in two segments, Advanced Energy and Original Equipment Manufacturing (OEM). It offers Helium Plasma Generator for delivery of RF energy and helium to cut, coagulate and ablate soft tissue during open and laparoscopic surgical procedures. The company offers Renuvion branded ... APYX Profile

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