American Public Education Forecast and Stock Analysis
Technical APEI stock analysis for February 14, 2019.
American Public Education gained 0.48% in the last trading day, rising from $31.01 to $31.16 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 5.31% 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, 35 957 more shares were traded than the day before. In total, 81 682 shares bought and sold for approximately $2.55 million.
Close price at the end of the last trading day (Thursday, 14th Feb 2019) of the APEI stock was $31.16. This is 0.48% more than the trading day before Wednesday, 13th Feb 2019.
During day the stock fluctuated 2.87% from a day low at $30.61 to a day high of $31.49.
30 day high of the APEI stock price was $31.49 and low was $28.58.
90 day high was $32.78 and low was $26.37.
52 week high for the American Public Education - $46.15 and low - $24.85.
American Public Education lies the upper part of a 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 $31.32 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 -2.89% during the next 3 months and, with 90% probability hold a price between $25.34 and $30.41 at the end of this period.
Only positive signals in the chart today. American Public Education 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 $30.34 and $29.49. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday January 29, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSI14 is 58 and the stock is currently not being overbought or oversold
Support & Resistance
American Public Education finds support from accumulated volume at $30.90.
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 $0.88 (2.87%) between high and low. For the last week, the stock has had a daily average volatility of 2.38%.
Since the American Public Education has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stoploss: $29.58 (-5.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 12 days ago.)
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Evaluation: Buy Candidate
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.