Trend

Given the current horizontal trend you can expect Aptose Biosciences with 90% probability to be traded between $1.63 and $2.45 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.

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Signals

Only positive signals in the chart today. Aptose Biosciences holds buy signals from both short- and long-term moving averages, 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 $1.89 and $1.96. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 24, 2019, which indicates further gains until a new top pivot has been found. Aptose Biosciences has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

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Relative Strength Index (RSI)

RSI14 is 55 and the stock is currently not being overbought or oversold

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Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $1.90 and $1.89.

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, Aptose Biosciences finds support just below today's level at $1.90. If this is broken, then the next support from accumulated volume will be at $1.89 and $1.79.

Risk

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 $0.15 (8.06%) between high and low. For the last week, the stock has had a daily average volatility of 4.75%.

Our recommended stoploss: $1.92 (-4.23%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

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