Bullish vs. Bearish (1 opinions)
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APD Forecast and Technical Stock Analysis
Hold candidate since 2019-11-07 Gain 4.42% PDF
Air Products and Chemicals Inc fell by -0.11% in the last day ( Thursday, 21st Nov 2019 ) from $237.90 to $237.64 and has now fallen 3 days in a row. During the day the stock fluctuated 1.06% from a day low at $235.58 to a day high of $238.08. The price has risen in 8 of the last 10 days and is up by 4.42% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -439 440 shares and in total 757 704 shares bought and sold for approximately $180.06 million.
- 30 day high of the APD stock price was $241.90 and low was $206.70.
- 90 day high was $241.90 and low was $206.70.
- 52 week high for Air Products and Chemicals Inc - $241.90 and low - $149.64.
Air Products and Chemicals Inc lies in the upper part of a wide and weak rising 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 $241.55 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 3.23% during the next 3 months and, with 90% probability hold a price between $216.33 and $249.35 at the end of this period.
Air Products and Chemicals Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $239.24. On a fall, the stock will find some support from the long-term average at approximately $221.08. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Tuesday November 19, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 88 and the stock is extremely overbought on RSI14, so further reactions should be expected. Some stocks may have a long and hard correction after reaching so high an RSI, but not in all cases. However, the short-term risk has increased drastically and larger movements in the next couple of days can be expected.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
Air Products and Chemicals Inc finds support from accumulated volume at $233.87.
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 $2.50 between high and low, or 1.06%. For the last week, the stock has had a daily average volatility of 1.18%.
The stock is overbought on RSI14 and lies in the upper part of the trend. Normally this will pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: $227.17 (-4.41%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 88 and this increases the risk substantially. There is a sell signal from pivot top found 2 day(s) ago.)
1.18 %Average volatility
Very Low Low Medium High Very High
Air Products and Chemicals Inc 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 further development.
|APD $237.64 ($-0.26 -0.11%)|
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