Applied DNA Sciences Inc Forecast and Stock Analysis
Technical APDN stock analysis for Friday June 14, 2019.
Applied DNA Sciences Inc gained 0.65% in the last trading day ( Friday, 14th Jun 2019 ), rising from $0.62 to $0.62 , 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 day the stock fluctuated 12.98% from a day low at $0.59 to a day high of $0.67. The price has risen in 6 of the last 10 days and is up by 5.64% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 28 411 more shares were traded than the day before. In total, 112 689 shares bought and sold for approximately $69 867.20.
- 30 day high of the APDN stock price was $0.84 and low was $0.50.
- 90 day high was $0.92 and low was $0.50.
- 52 week high for the Applied DNA Sciences Inc - $1.84 and low - $0.30.
Applied DNA Sciences Inc lies the upper part of a very wide and falling 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 $0.65 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.05% during the next 3 months and, with 90% probability hold a price between $0.43 and $0.59 at the end of this period.
Only positive signals in the chart today. Applied DNA Sciences Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $0.60 and $0.59. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday June 12, 2019, which indicates further gains until a new top pivot has been found. Applied DNA Sciences Inc has rising volume and follows the last lift in the price. This considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 70 and the stock is currently not being overbought or oversold
Support & Resistance
Applied DNA Sciences Inc finds support from accumulated volume at $0.61.
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 $0.08 between high and low, or 12.98%. For the last week, the stock has had a daily average volatility of 10.95%.
Our recommended stoploss: $0.59 (-4.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)
10.95 %Average volatility
Very Low Low Medium High Very High
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.
|Golden Star Signal|
Get competitive edge
The 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 a very good return. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!
Get access to Golden Star list now
From Our Blog
- Trading With Moving Average
- Pivot Points
- Accumulated Volume - Support and Resistance
- Volume - The Indicator You Really Need to Know
- We Give Back!
- Better Buy: Amazon vs. Facebook
- Better Buy: Apple vs. Microsoft
- Relative Strength Index (RSI)
- How to Lose Money When Trading: Part 2
- How to Lose Money When Trading: A Trader is Born
- Our 2017 Christmas Donation
- The Golden Star
- Announcing Partnership With CityFALCON
- Why correct moving average matters
- NASDAQ down -4.17%. Our portfolio is up +8.56%
- New Feature Added: Golden Star Signal
- Pick a Winner With StockInvest.us