Aptose Biosciences Forecast and Stock Analysis
Technical APTO stock analysis for April 25, 2019.
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.
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.
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.
Relative Strength Index (RSI)
RSI14 is 55 and the stock is currently not being overbought or oversold
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.
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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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.
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|APTO $2.00 ($0.12 6.38%)|
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