Applied Optoelectronics Forecast and Stock Analysis
Technical AAOI stock analysis for February 15, 2019.
| Shorts | n/a |
| Cash | n/a |
| Loans | n/a |
| Beta | 2.06 |
| ROA | 2.65 |
Applied Optoelectronics gained 2.11% in the last trading day, rising from $14.72 to $15.03 The price has been going up and down for this period, and there has been a -13.07% loss for the last 2 weeks. Volume fell in the last day by -205 952 shares, and in total, 614 753 shares bought and sold for approximately $9.24 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.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the AAOI stock was $15.03. This is 2.11% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.87% from a day low at $14.63 to a day high of $15.05.
30 day high of the AAOI stock price was $18.04 and low was $14.37.
90 day high was $21.92 and low was $13.42.
52 week high for the Applied Optoelectronics - $50.30 and low - $13.42.
Trend
Applied Optoelectronics lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -21.32% during the next 3 months and, with 90% probability hold a price between $8.64 and $13.85 at the end of this period.
Signals
A buy signal was issued from a pivot bottom point on Tuesday February 12, 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 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 $15.26 and $16.13. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSI14 is 33 and the stock is currently not being overbought or oversold
Support & Resistance
Applied Optoelectronics finds support from accumulated volume at $14.91.
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 $0.42 between high and low, or 2.87%. For the last week, the stock has had a daily average volatility of 4.59%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
Overall risk:
Very Low Low Medium High Very High
Evaluation: Sell Candidate
Applied Optoelectronics holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
