APEX MORTGAGE CAPITAL INC Stock Forecast
High volatility in APEX MORTGAGE CAPITAL INC stock price on Wednesday which ended trading at £0.0003
(Updated on Jan 08, 2020)
The APEX MORTGAGE CAPITAL INC stock price fell by -25.00% on the last day (Wednesday, 8th Jan 2020) from £0.0004 to £0.0003. During the last trading day the stock fluctuated 33.33% from a day low at £0.0003 to a day high of £0.0004. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume has increased on the last day by 50 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 55 million shares were bought and sold for approximately £16.58 thousand.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at £0.0003. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AXM.L Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The APEX MORTGAGE CAPITAL INC stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at £0.0004 and £0.0003. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, January 07, 2020, and so far it has fallen -25.00%. Further fall is indicated until a new bottom pivot has been found. APEX MORTGAGE CAPITAL INC gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for APEX MORTGAGE CAPITAL INC stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £0.0001 between high and low, or 33.33%. For the last week, the stock has had daily average volatility of 33.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AXM.L) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect APEX MORTGAGE CAPITAL INC to open at £0.0003, and during the day (based on 14 day Average True Range), to move between £0.0003 and £0.0003, which gives a possible trading interval of +/-£0.00003338 (+/-11.13%) up or down from last closing price. If APEX MORTGAGE CAPITAL INC takes out the full calculated possible swing range there will be an estimated 22.25% move between the lowest and the highest trading price during the day.
Is APEX MORTGAGE CAPITAL INC stock A Buy?
The APEX MORTGAGE CAPITAL INC stock holds several negative signals and despite the positive trend, we believe APEX MORTGAGE CAPITAL INC will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -3.710 Sell Candidate Downgraded
Predicted Opening Price for APEX MORTGAGE CAPITAL INC of Thursday, January 9, 2020
| Fair opening price January 9, 2020 | Current price |
|---|---|
| £0.0003 ( 11.11%) | £0.0003 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AXM.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0004 | 44.44 % | |
| R2 | 0.0004 | 31.71 % | ||
| R1 | 0.0004 | 23.84 % | ||
| Current price: | 0.0003 | |||
| Support | S1 | 0.0003 | -1.62 % | |
| S2 | 0.0003 | -9.49 % | ||
| S3 | 0.0002 | -22.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 0.0003 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy APEX MORTGAGE CAPITAL INC Stock.
