2018.06.18 TA Report Aussie Market Buy/Sell ratio = 0.44 Buys: 269 (13.1%) Sells: 613 (29.7%) Hold: 1179 (57.2%)
Let's see some history relative timing values by VectorVest on this stock: 18-Jun = 1.70 15-Jun = 1.76 14-Jun = 1.73 13-Jun = 1.70 12-Jun = 1.65
APX.AX has a current Value of $3.58 per share, which is overvalued compared to its Price of $12.78 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 1.70, which is excellent 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. CI is an indicator which reflects a stock's ability to resist severe and/or lengthy price declines. APX.AX has a CI of 1.93, which is excellent on a scale of 0.00 to 2.00. CI is based solely upon a stock's long-term price history.
As RT keeps rising in the last few days but it U-turn from 1.76 to 1.70 sharply. This is an alert.
Let’s have a look on the technical analysis:
Triangle Breakout
After the recent triangle breakout, APX soared 20% in a week. The current price is sitting on Fib channel 78.6%. We see a potential bearish harami. We will confirm if there is a bearish candlestick after today’s market. Ichimoku Analysis The chikou span shows a bit of turning signal. We may consider a technical adjustment back to Fib Ret 38.2% ($11.28) which is also close to Kijun-sen’s value $11.265.
Keen to hear your thoughts on the recent price decline of Appen. My analysis was focused on basic support levels, fundamentals and history. I've taken a long position on the stock.
SoloTraderAU
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@NaviCoin,
APX is most likely retracing back to the red support trend line (the one you drew is also correct!) where Fib ret = 50%, and ichimoku kumo's resistance if the price breaks the current S/R zone.
Bipolar_trader
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Thanks for the analysis. followed!
kyle36
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I agree with seeing Appen's increase over the long term. Good analysis :)