Weaker Buy Today APTO ranks #731 as BUY CANDIDATE. Stronger Buy
Today APTO ranks #731 as BUY CANDIDATE.

APTO stock Aptose Biosciences

APTO stock
Aptose Biosciences

April 25, 2019
Change 6.38%
Chart period: 2019-01-28 - 2019-04-25
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

Will APTO stock price go up or down on Fri, 26 Apr 2019?

Aptose Biosciences Forecast and Stock Analysis

Technical APTO stock analysis for April 25, 2019.

Buy candidate since 2019-04-25
Shorts n/a
Cash n/a
Loans n/a
Beta 1.66
ROA -203.83

Aptose Biosciences gained 6.38% in the last trading day, rising from $1.88 to $2.00 The price has fallen in 4 of the last 10 days , but is still up by 5.26% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 527 948 more shares were traded than the day before. In total, 586 326 shares bought and sold for approximately $1.17 million.

Close price at the end of the last trading day (Thursday, 25th Apr 2019) of the APTO stock was $2.00. This is 6.38% more than the trading day before Wednesday, 24th Apr 2019.

During day the stock fluctuated 8.06% from a day low at $1.86 to a day high of $2.01.

30 day high of the APTO stock price was $2.28 and low was $1.81.
90 day high was $2.45 and low was $1.57.
52 week high for the Aptose Biosciences - $4.55 and low - $1.57.

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

Access full RSI 14 and RSI 21 lists

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.

Support: $1.90 Price: $2.00 Resistance: $2.11

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Buy Candidate

Several short-term signals 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 period. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.

Weaker Buy Today APTO ranks #731 as BUY CANDIDATE. Stronger Buy
Today APTO ranks #731 as BUY CANDIDATE.