Today's Aussie Market Buy/Sell ratio = 0.24
Buys: 141
Sells: 594
Hold: 1298
Let's see some history relative timing (RT) values by VectorVest on this stock:
17-Apr = 1.26
16-Apr = 1.13
13-Apr = 1.04
12-Apr = 0.99
11-Apr = 0.96
APX.AX has a current Value of $3.46 per share, which is OVERVALUED compared to its Price of $9.27 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.
RT analyzes a stock's price trend. APX.AX has a Relative Timing of 1.13, which is good on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
As RT keeps rising in the last few days, it is a good sign.
When you have a midas touch graph ready, you will see that the MA RT (40) is declining. That means it is not good to hold for a longer term.
Let’s have a look on the technical analysis:
A "Continuation Wedge (Bullish)" chart pattern formed on Appen Ltd.
After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
Not only we have the falling wedge chart pattern breakout today, we also find MACD crossover UP and the 8 & 20 EMA most likely crossover too, which are the good sign for LONG position.
The target can be measure by copying the price range between point 1 and point1’ to point 4’. Therefore $10.91 will be the short term goal.
Support & Resistance:
Ichimoku tells us that there is a minor resistance at where the top of green cloud. i.e. $9.82 and a major support at $9.45. Please also be aware that the tip of the chinkou-span also be a resistance. i.e. $10.6.
Buys: 141
Sells: 594
Hold: 1298
Let's see some history relative timing (RT) values by VectorVest on this stock:
17-Apr = 1.26
16-Apr = 1.13
13-Apr = 1.04
12-Apr = 0.99
11-Apr = 0.96
APX.AX has a current Value of $3.46 per share, which is OVERVALUED compared to its Price of $9.27 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.
RT analyzes a stock's price trend. APX.AX has a Relative Timing of 1.13, which is good on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
As RT keeps rising in the last few days, it is a good sign.
When you have a midas touch graph ready, you will see that the MA RT (40) is declining. That means it is not good to hold for a longer term.
Let’s have a look on the technical analysis:
A "Continuation Wedge (Bullish)" chart pattern formed on Appen Ltd.
After a temporary interruption, the prior uptrend is set to continue. A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.
Not only we have the falling wedge chart pattern breakout today, we also find MACD crossover UP and the 8 & 20 EMA most likely crossover too, which are the good sign for LONG position.
The target can be measure by copying the price range between point 1 and point1’ to point 4’. Therefore $10.91 will be the short term goal.
Support & Resistance:
Ichimoku tells us that there is a minor resistance at where the top of green cloud. i.e. $9.82 and a major support at $9.45. Please also be aware that the tip of the chinkou-span also be a resistance. i.e. $10.6.
