Fri 23'rd Feb 2018
Apollo Commercial Real Estate Finance Stock Analysis
Technical stock analysis for Fri 23'rd Feb 2018
|Shorts||9.94% ( 2018-01-31 )|
Apollo Commercial Real Estate Finance lies the upper part of a falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $18.65 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.27% during the next 3 months and, with 90% probability hold a price between $17.03 and $18.04 at the end of this period.
Only positive signals in the chart today. Apollo Commercial Real Estate Finance 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 $18.39 and $18.23. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 22, 2018, which indicates further gains 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 may be an early warning. The stock should be watched closely.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and priceline meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 57 and the stock is currently not being overbought or oversold
Support & Resistance
Apollo Commercial Real Estate Finance finds support from accumulated volume at $18.32. On the upside the stock meets some resistance just above today's level from accumulated volume at $18.57, $18.69 and $18.81.
The stock is about to test the resistance from accumulated volume at $18.57 and this may cause the stock to take a minor break or get into a more sideways move for a few days.
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 $0.26 (1.42%) between high and low. For the last week, the stock has had a daily average volatility of 1.44%.
Our recommended stoploss: $17.48 (-5.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 1 days ago.)
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Several short-term signals are positive, despite the stock being in a falling trend, 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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.
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