Social Sentiment for AAOI
Bullish vs. Bearish opinions
Weighted Sentiment 0.66
Applied Optoelectronics Forecast and Stock Analysis
Technical AAOI stock analysis for Friday June 14, 2019.
Applied Optoelectronics fell by -0.56% in the last day ( Friday, 14th Jun 2019 ) from $8.94 to $8.89 and has now fallen 5 days in a row. During day the stock fluctuated 4.15% from a day low at $8.56 to a day high of $8.92. The price has risen in 6 of the last 10 days and is up by 2.66% over the past 2 weeks. Volume has increased in the last day by 1 698 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 393 476 shares bought and sold for approximately $3.50 million.
Quick summary:
- 30 day high of the AAOI stock price was $10.40 and low was $8.56.
- 90 day high was $14.25 and low was $8.56.
- 52 week high for the Applied Optoelectronics - $50.30 and low - $8.56.
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 -33.23% during the next 3 months and, with 90% probability hold a price between $5.08 and $6.94 at the end of this period.
Signals
There are few to none technical positive signals at the moment. 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 $9.20 and $10.15. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday June 10, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
Applied Optoelectronics finds support from accumulated volume at $8.86.
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 $0.35 (4.15%) between high and low. For the last week, the stock has had a daily average volatility of 4.58%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
4.58 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation:
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.
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