Applied UV, Inc. Stock Forecast

Applied UV, Inc. stock upgraded to Hold/Accumulate.
(Updated on May 08, 2024)

AUVIP Signals & Forecast

Applied UV, 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. The Applied UV, Inc. 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 $5.34 and $5.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -25.71%. 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 Applied UV, Inc. stock

On the downside, the stock finds support just below today's level from accumulated volume at $4.52 and $4.46. 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, Applied UV, Inc. finds support just below today's level at $4.52. If this is broken, then the next support from accumulated volume will be at $4.46 and $4.10.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0100 between high and low, or 0.193%. For the last week, the stock has had daily average volatility of 6.03%.

Applied UV, Inc. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $4.86 (-6.52%) (This stock has high daily movements and this gives high risk. Low RSI14 is 24 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (AUVIP) For The Upcoming Trading Day Of Thursday 9th

For the upcoming trading day on Thursday, 9th we expect Applied UV, Inc. to open at $5.20, and during the day (based on 14 day Average True Range), to move between $4.70 and $5.70, which gives a possible trading interval of +/-$0.496 (+/-9.55%) up or down from last closing price. If Applied UV, Inc. takes out the full calculated possible swing range there will be an estimated 19.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $5.51 (5.96%) than the support at $4.52 (13.08%), 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 Applied UV, Inc. stock A Buy?

Applied UV, Inc. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Upgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Applied UV, Inc. of Thursday, May 9, 2024

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