Previous Hold Today AAOI ranks #2351 as HOLD CANDIDATE. Next Hold
Today AAOI ranks #2351 as HOLD CANDIDATE.

AAOI stock Applied Optoelectronics

AAOI stock
Applied Optoelectronics

April 24, 2019
Change 3.06%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will AAOI stock price go up or down on Thu, 25 Apr 2019?

Applied Optoelectronics Forecast and Stock Analysis

Technical AAOI stock analysis for April 24, 2019.

Hold candidate since 2019-04-24
Shorts n/a
Cash n/a
Loans n/a
Beta 1.94
ROA -0.48

Applied Optoelectronics gained 3.06% in the last trading day, rising from $12.40 to $12.78 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 5.97% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 32 649 more shares were traded than the day before. In total, 493 512 shares bought and sold for approximately $6.31 million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the AAOI stock was $12.78. This is 3.06% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 4.66% from a day low at $12.24 to a day high of $12.81.

30 day high of the AAOI stock price was $13.24 and low was $11.77.
90 day high was $18.04 and low was $11.77.
52 week high for the Applied Optoelectronics - $50.30 and low - $11.77.

Trend

Applied Optoelectronics lies the upper part of a very wide and falling trend in the short term, and this will 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 $13.22 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 -28.78% during the next 3 months and, with 90% probability hold a price between $7.12 and $9.41 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Monday April 22, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Applied Optoelectronics holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $12.85. On a fall, the stock will find some support from the short-term average at $12.53. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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A buy signal from a double bottom formation was found on Monday April 22, 2019 with a target of $12.53. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSI14 is 54 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Applied Optoelectronics finds support from accumulated volume at $12.71.

Support: $12.71 Price: $12.78 Resistance: $13.24

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.57 (4.66%) between high and low. For the last week, the stock has had a daily average volatility of 3.65%.

Our recommended stoploss: $12.15 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Hold/Accumulate

Applied Optoelectronics holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

Previous Hold Today AAOI ranks #2351 as HOLD CANDIDATE. Next Hold
Today AAOI ranks #2351 as HOLD CANDIDATE.