AppFolio Stock Forecast

AppFolio stock price ended at $216.72 on Wednesday, after gaining 1.00%.
(Updated on Apr 17, 2024)

APPF Signals & Forecast

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AppFolio 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 $221.49 and $230.37. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -12.86%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for AppFolio stock

On the downside, the stock finds support just below today's level from accumulated volume at $180.55 and $176.50. There is a 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, AppFolio finds support just below today's level at $180.55. If this is broken, then the next support from accumulated volume will be at $176.50 and $174.38.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $6.18 between high and low, or 2.88%. For the last week, the stock has had daily average volatility of 2.46%.

AppFolio is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (APPF) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect AppFolio to open at $217.01, and during the day (based on 14 day Average True Range), to move between $209.94 and $223.50, which gives a possible trading interval of +/-$6.78 (+/-3.13%) up or down from last closing price. If AppFolio takes out the full calculated possible swing range there will be an estimated 6.26% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $223.66 (3.20%) than the support at $180.55 (16.69%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is AppFolio stock A Buy?

The AppFolio stock holds several negative signals and despite the positive trend, we believe AppFolio will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.941 Sell Candidate Unchanged

Predicted Opening Price for AppFolio of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.