Aphria Inc Forecast and Stock Analysis
Technical APHQF stock analysis for February 15, 2019.
Aphria Inc gained 5.61% in the last trading day, rising from $9.09 to $9.60 The price has fallen in 6 of the last 10 days and is down by -0.21% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 4.92 million more shares were traded than the day before. In total, 9.25 million shares bought and sold for approximately $88.79 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the APHQF stock was $9.60. This is 5.61% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 6.22% from a day low at $9.33 to a day high of $9.91.
30 day high of the APHQF stock price was $10.95 and low was $6.24.
90 day high was $10.95 and low was $3.75.
52 week high for the Aphria Inc - $16.86 and low - $3.75.
Aphria Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.95% during the next 3 months and, with 90% probability hold a price between $7.42 and $13.59 at the end of this period.
Only positive signals in the chart today. Aphria 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 $9.19 and $7.61. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday February 11, 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 65 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $9.05 and $8.74.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Aphria Inc finds support just below today's level at $9.05. If this is broken, then the next support from accumulated volume will be at $8.74 and $8.38.
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 $0.58 between high and low, or 6.22%. For the last week, the stock has had a daily average volatility of 8.57%.
Our recommended stoploss: $9.06 (-5.62%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from pivot bottom found 4 days ago.)
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Evaluation: Buy Candidate
Several short-term signals, along with a general good trend, are positive and 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.