APPF Forecast and Technical Stock Analysis
Sell candidate since 2019-08-19
AppFolio fell by -2.75% in the last day ( Monday, 19th Aug 2019 ) from $98.51 to $95.80 During the day the stock fluctuated 4.57% from a day low at $95.70 to a day high of $100.07. The price has been going up and down for this period, and there has been a 1.05% gain for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -19 824 shares and in total 106 911 shares bought and sold for approximately $10.24 million.
Quick summary:
- 30 day high of the APPF stock price was $107.45 and low was $88.44.
- 90 day high was $109.89 and low was $88.44.
- 52 week high for AppFolio - $109.89 and low - $51.15.
Trend
AppFolio is at the lower part of a wide and horizontal trend on short term, and normally this would pose a good buying opportunity, though a break down through the bottom trend line at $94.09 will give a strong sales signal and a trend shift may be expected. Given the current horizontal trend, you can expect AppFolio with a 90% probability to be traded between $94.70 and $108.84 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Signals
There are few to none technical positive signals at the moment. AppFolio holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $96.15 and $101.33. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Friday August 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 46 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
AppFolio finds support from accumulated volume at $95.06.
Risk
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 $4.37 between high and low, or 4.57%. For the last week, the stock has had a daily average volatility of 3.56%.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.56 %
Average volatilityOverall risk:
Very Low Low Medium High Very High
Evaluation
AppFolio holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Sell Candidate.
Golden Star Signal
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