Apyx Medical Corporation Stock Forecast
Red day on Friday for Apyx Medical Corporation
(Updated on May 03, 2024)
The Apyx Medical Corporation stock price fell by -0.704% on the last day (Friday, 3rd May 2024) from $1.42 to $1.41. During the last trading day the stock fluctuated 4.96% from a day low at $1.41 to a day high of $1.48. The price has fallen in 6 of the last 10 days but is still up by 6.82% 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 -21 thousand shares and in total, 13 thousand shares were bought and sold for approximately $18.69 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 $1.51 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 -46.32% during the next 3 months and, with a 90% probability hold a price between $0.344 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
There are mixed signals in the stock today. The Apyx Medical Corporation 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 $1.43 and $1.45. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, March 22, 2024, and so far it has risen 12.80%. 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 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 $0.0700 between high and low, or 4.96%. For the last week the stock has had daily average volatility of 6.81%.
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 Monday 6th
For the upcoming trading day on Monday, 6th we expect Apyx Medical Corporation to open at $1.43, and during the day (based on 14 day Average True Range), to move between $1.28 and $1.54, which gives a possible trading interval of +/-$0.135 (+/-9.56%) up or down from last closing price. If Apyx Medical Corporation takes out the full calculated possible swing range there will be an estimated 19.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $1.48 (4.96%) than the support at $1.32 (6.38%), 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.
Earnings coming up
Apyx Medical Corporation will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.180. We will update the financials statements for Apyx Medical Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 14.59% in the first trading day after earnings release.
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.
Current score: -1.513 Sell Candidate Unchanged
Predicted Opening Price for Apyx Medical Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $1.43 ( 1.65%) | $1.41 |
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 | 1.50 | 6.62 % | |
| R2 | 1.48 | 4.72 % | ||
| R1 | 1.46 | 3.55 % | ||
| Current price: | 1.41 | |||
| Support | S1 | 1.41 | -0.242 % | |
| S2 | 1.39 | -1.41 % | ||
| S3 | 1.36 | -3.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.74 | 23.40 % | |
| R2 | 1.50 | 6.38 % | ||
| R1 | 1.48 | 4.96 % | ||
| Current price | 1.41 | |||
| Support | S1 | 1.32 | -6.38% | |
| S2 | 1.27 | -9.93% | ||
| S3 | 1.25 | -11.35% |
FAQ
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