Bullish vs. Bearish (39 opinions)
Social Sentiment 0.19
APTO Forecast and Technical Stock Analysis
Hold candidate since 2019-12-06 Gain 72.27% PDF
Aptose Biosciences gained 17.60% in the last trading day ( Wednesday, 11th Dec 2019 ), rising from $3.75 to $4.41 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 17.91% from a day low at $3.74 to a day high of $4.41. The price has fallen in 5 of the last 10 days , but is still up by 60.36% 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, 1.35 million more shares were traded than the day before. In total, 3.09 million shares bought and sold for approximately $13.63 million.
- 30 day high of the APTO stock price was $4.41 and low was $2.32.
- 90 day high was $4.41 and low was $1.82.
- 52 week high for Aptose Biosciences - $4.41 and low - $1.57.
Aptose Biosciences has broken the very wide and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at $3.04, a level that may pose a second chance to hit a runner. According to fan-theory $3.84 will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.
Aptose Biosciences holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $3.14 and $2.52. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday December 03, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 88 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $3.75 and $3.54.
With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.00 may give a huge drop in the stock price.
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 $0.67 between high and low, or 17.91%. For the last week, the stock has had a daily average volatility of 16.89%.
The stock is extremely overbought on RSI14 (88). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: $4.20 (-4.79%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from pivot bottom found 6 days ago.)
16.89 %Average volatility
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Aptose Biosciences 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 hold candidate (hold or accumulate) in this position whilst awaiting further development.
The general sentiment holds a neutral evaluation of the stock right now. The sentiment is based upon 39 votes on StockTwits.
|APTO $4.41 ($0.66 17.60%)|
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