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AI Analysis of APPF
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AppFolio stock downgraded from Strong Buy Candidate to Buy Candidate after Wednesday trading session.
(Updated on Mar 27, 2024)

Buy candidate since Mar 26, 2024 Loss -0.42% PDF

The AppFolio stock price fell by -0.418% on the last day (Wednesday, 27th Mar 2024) from $248.71 to $247.67. During the last trading day the stock fluctuated 3.37% from a day low at $244.84 to a day high of $253.08. The price has been going up and down for this period, and there has been a 9.68% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -289 thousand shares and in total, 681 thousand shares were bought and sold for approximately $168.73 million.

The stock lies in the upper part of a wide and strong rising trend in the short term, and this may 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 $252.09 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 41.93% during the next 3 months and, with a 90% probability hold a price between $322.00 and $357.79 at the end of this 3-month period.

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APPF Signals & Forecast

The AppFolio stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, 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 $234.45 and $232.62. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.418%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for AppFolio stock

On the downside, the stock finds support just below today's level from accumulated volume at $233.32 and $229.69. There is a 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, AppFolio finds support just below today's level at $233.32. If this is broken, then the next support from accumulated volume will be at $229.69 and $223.66.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $8.24 between high and low, or 3.37%. For the last week, the stock has had daily average volatility of 3.21%.

Our recommended stop-loss: $238.26 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (APPF) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect AppFolio to open at $248.53, and during the day (based on 14 day Average True Range), to move between $239.89 and $255.45, which gives a possible trading interval of +/-$7.78 (+/-3.14%) up or down from last closing price. If AppFolio takes out the full calculated possible swing range there will be an estimated 6.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $248.71 (0.42%) than the support at $233.32 (5.79%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is AppFolio stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AppFolio stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 1.662 Buy Candidate Downgraded

Predicted Opening Price for AppFolio of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$248.53 ( 0.348%) $247.67

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for APPF

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 256.77 3.68 %
R2 253.63 2.40 %
R1 251.68 1.62 %
Current price: 247.67
Support S1 245.38 -0.92 %
S2 243.44 -1.71 %
S3 240.29 -2.98 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 248.71 0.420 %
Current price 247.67
Support S1 233.32 -5.79%
S2 229.69 -7.26%
S3 223.66 -9.69%

FAQ

What is the symbol for AppFolio Stock and on which exchange is it traded?
The symbol for AppFolio is APPF and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell AppFolio Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AppFolio stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy AppFolio Stock?
AppFolio Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy AppFolio Stock.

What's the current price of AppFolio Stock?
As of the end of day on the 2024-03-27, the price of an AppFolio (APPF) share was $247.67.

What is the 52-week high and low for AppFolio Stock?
The 52-week high for AppFolio Stock is $253.42 and the 52-week low is $118.44.

What is the market capitalization of AppFolio Stock?
As of the 2024-03-27, the market capitalization of AppFolio is 9.033B.

When is the next earnings date for AppFolio?
The upcoming earnings date for AppFolio is Apr 25, 2024.
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About AppFolio

AppFolio AppFolio, Inc., together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their busin... APPF Profile

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