APOGEE THERAPEUTICS INC (APGE) Stock Technical Analysis
USA - NASDAQ:APGE - US03770N1019 - Common Stock
We assign a technical rating of 9 out of 10 to APGE. Both in the recent history as in the last year, APGE has proven to be a steady performer, scoring decent points in every aspect analyzed.
APGE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 56.60. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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34.89
We found 6 important support areas.
- A support zone ranging from 54.72 to 55.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.31 from a horizontal line in the daily time frame.
- Support @38.86 from a trend line in the daily time frame.
- Support @38.14 from a trend line in the weekly time frame.
- Support @36.02 from a horizontal line in the daily time frame.
- Support @35.24 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 56.60 to 56.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for APGE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for APGE is up. |
| ChartMill Relative Strength | 85.44 | POSITIVE | APGE has a high relative strength, it outperformed 85.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of APGE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of APGE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of APGE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.02 | NEUTRAL | The RSI value for APGE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.57 | NEGATIVE | The MACD value suggests APGE has a negative trend. |
| Stochastics (14,3) | 42.17 | NEUTRAL | The Stochastics value for APGE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.6 | HIGH VOLATILITY | The high ATR as a percentage value for APGE suggests high volalility. |
| Average Directional Index/ADX (14) | 50.15 | POSITIVE | The high ADX value value for APGE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 56.96 | 54.71 | 2.25 (3.95%) | 25.00% |
| An entry @56.96. This is a Buy Stop order right above the resistance zone. | An exit @54.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.25 points, which is 3.95%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.99%. |
- The distance between exit and entry is rather small compared to the average daily movement of APGE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
55.45
+1.55 (+2.88%)
APOGEE THERAPEUTICS INC / APGE FAQ
What is the ChartMill technical rating of APOGEE THERAPEUTICS INC (APGE) stock?
ChartMill assigns a technical rating of 9 / 10 to APGE.
What is the trend direction for APGE stock?
The current trend direction for APOGEE THERAPEUTICS INC (APGE) is Bullish.
Can you provide the RSI signal for APOGEE THERAPEUTICS INC?
APOGEE THERAPEUTICS INC (APGE) has an RSI value of 62.0234. This indicates that the stock is currently neutral.
What is the MACD signal for APGE stock?
The MACD indicator for APOGEE THERAPEUTICS INC (APGE) has a value of -0.567862, indicating a bearish trend.
What is the short term momentum for APGE stock?
The short term momentum for APOGEE THERAPEUTICS INC (APGE) is positive.