VOLUME
Sell
TREND
Sell
MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

APDN Forecast and Technical Stock Analysis

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Sell candidate since 2019-08-14 Loss -1.25%

Applied DNA Sciences Inc fell by -1.43% in the last day ( Monday, 19th Aug 2019 ) from $0.28 to $0.28 and has now fallen 3 days in a row. During the day the stock fluctuated 11.07% from a day low at $0.27 to a day high of $0.30. The price has fallen in 6 of the last 10 days and is down by -5.31% for this period. 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 -28 shares and in total 158 801 shares bought and sold for approximately $43 908.50.

Quick summary:

  • 30 day high of the APDN stock price was $0.35 and low was $0.25.
  • 90 day high was $0.67 and low was $0.25.
  • 52 week high for Applied DNA Sciences Inc - $1.84 and low - $0.25.
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Trend

Applied DNA Sciences Inc 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 -50.91% during the next 3 months and, with 90% probability hold a price between $0.07 and $0.19 at the end of this period.

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Signals

There are few to none technical positive signals at the moment. Applied DNA Sciences Inc 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 $0.29 and $0.37. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday August 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

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A sell signal from a double top formation was found on Tuesday August 13, 2019 and based on theory for this formation the price should fall by -0.08% to $0.23 within 8 trading days since signal was issued (Friday August 23, 2019).

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 43 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 DNA Sciences Inc finds support from accumulated volume at $0.27.

Support: $0.27 Price: $0.28 Resistance: $0.29

Risk

This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.03 between high and low, or 11.07%. For the last week the stock has had a daily average volatility of 12.69%.

Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.

12.69 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Sell Candidate Downgraded

Evaluation

Applied DNA Sciences Inc 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.

Will APDN stock price go up or down on Wed, 21 Aug 2019?

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