AAOI Forecast and Technical Stock Analysis
Sell candidate since 2019-08-12 Loss -2.26%
Applied Optoelectronics gained 3.14% in the last trading day ( Monday, 19th Aug 2019 ), rising from $9.24 to $9.53 , 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. During the day the stock fluctuated 3.78% from a day low at $9.25 to a day high of $9.60. The price has risen in 6 of the last 10 days , but is still down by -2.76% for this period. Volume fell in the last day by -122 557 shares and in total, 357 768 shares bought and sold for approximately $3.41 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Quick summary:
- 30 day high of the AAOI stock price was $11.00 and low was $8.79.
- 90 day high was $11.40 and low was $8.56.
- 52 week high for Applied Optoelectronics - $43.95 and low - $8.56.
Trend
Applied Optoelectronics lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.67% during the next 3 months and, with 90% probability hold a price between $9.68 and $12.24 at the end of this period.
Signals
A buy signal was issued from a pivot bottom point on Thursday August 15, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Applied Optoelectronics holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $9.59 and $9.78. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 51 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Applied Optoelectronics finds support from accumulated volume at $9.31.
Risk
This stock may move much during a 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 $0.35 between high and low, or 3.78%. For the last week, the stock has had a daily average volatility of 4.80%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
4.80 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
The Applied Optoelectronics stock holds several negative signals and despite the positive trend we believe Applied Optoelectronics will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
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