Appian Corp 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
Appian Corp stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Appian Corp stock price gained 3.76% on the last trading day (Friday, 26th Apr 2024), rising from $36.20 to $37.56. During the last trading day the stock fluctuated 5.83% from a day low at $36.03 to a day high of $38.13. The price has fallen in 6 of the last 10 days and is down by -2.37% for this period. Volume fell on the last day by -69 thousand shares and in total, 327 thousand shares were bought and sold for approximately $12.29 million. 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 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 14.88% during the next 3 months and, with a 90% probability hold a price between $40.20 and $48.56 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
APPN Signals & Forecast
The Appian Corp stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $35.93 and $37.38. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 8.71%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Appian Corp stock
Appian Corp finds support from accumulated volume at $36.79 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $2.10 between high and low, or 5.83%. For the last week, the stock has had daily average volatility of 4.45%.
Our recommended stop-loss: $36.18 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (APPN) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Appian Corp to open at $37.24, and during the day (based on 14 day Average True Range), to move between $35.85 and $39.27, which gives a possible trading interval of +/-$1.71 (+/-4.56%) up or down from last closing price. If Appian Corp takes out the full calculated possible swing range there will be an estimated 9.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $37.61 (0.13%) than the support at $36.79 (2.05%), 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 Appian Corp stock A Buy?
Appian Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.824 Hold/Accumulate Upgraded
Predicted Opening Price for Appian Corp of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $37.24 ( 0.85%) | $37.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APPN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.34 | 4.74 % | |
| R2 | 38.54 | 2.60 % | ||
| R1 | 38.04 | 1.28 % | ||
| Current price: | 37.56 | |||
| Support | S1 | 36.44 | -2.99 % | |
| S2 | 35.94 | -4.31 % | ||
| S3 | 35.14 | -6.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.06 | 3.99 % | |
| R2 | 37.99 | 1.14 % | ||
| R1 | 37.61 | 0.133 % | ||
| Current price | 37.56 | |||
| Support | S1 | 36.79 | -2.05% | |
| S2 | 36.19 | -3.65% | ||
| S3 | 32.62 | -13.15% |
FAQ
Click here for our free guide on how to buy Appian Corp Stock.
