Applied DNA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for Applied DNA stock price on Friday moving between $0.330 and $0.370
(Updated on Apr 19, 2024)
The Applied DNA stock price gained 1.63% on the last trading day (Friday, 19th Apr 2024), rising from $0.338 to $0.343. During the last trading day the stock fluctuated 12.08% from a day low at $0.330 to a day high of $0.370. The price has fallen in 6 of the last 10 days and is down by -12.05% for this period. Volume fell on the last day by -45 thousand shares and in total, 85 thousand shares were bought and sold for approximately $29.24 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock 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 -43.39% during the next 3 months and, with a 90% probability hold a price between $0.141 and $0.227 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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APDN Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Applied DNA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell 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 $0.354 and $0.443. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Applied DNA stock
Applied DNA finds support from accumulated volume at $0.338 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0399 between high and low, or 12.08%. For the last week the stock has had daily average volatility of 12.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APDN) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Applied DNA Sciences Inc to open at $0.348, and during the day (based on 14 day Average True Range), to move between $0.300 and $0.386, which gives a possible trading interval of +/-$0.0431 (+/-12.57%) up or down from last closing price. If Applied DNA Sciences Inc takes out the full calculated possible swing range there will be an estimated 25.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.338 (1.60%) than the resistance at $0.368 (7.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Applied DNA Sciences Inc stock A Buy?
Applied DNA 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.
Current score: -5.917 Strong Sell Candidate Unchanged
Predicted Opening Price for Applied DNA Sciences Inc of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $0.348 ( 1.37%) | $0.343 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APDN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.388 | 13.00 % | |
| R2 | 0.372 | 8.56 % | ||
| R1 | 0.363 | 5.81 % | ||
| Current price: | 0.343 | |||
| Support | S1 | 0.333 | -3.07 % | |
| S2 | 0.323 | -5.82 % | ||
| S3 | 0.308 | -10.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.400 | 16.61 % | |
| R2 | 0.372 | 8.42 % | ||
| R1 | 0.368 | 7.26 % | ||
| Current price | 0.343 | |||
| Support | S1 | 0.338 | -1.60% | |
| S2 | 0.333 | -2.94% | ||
| S3 | 0 | . |
FAQ
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