APPLIED DIGITAL CORP (APLD) Technical Analysis
NASDAQ:APLD • US0381692070
Current stock price
APLD Technical Rating and Analysis
Taking everything into account, APLD scores 4 out of 10 in our technical rating. Although APLD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, we notice that APLD is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by APLD over the past year are nicely spread over this period.
- APLD is one of the better performing stocks in the IT Services industry, it outperforms 96% of 88 stocks in the same industry.
- APLD has an average volume of 22686800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- APLD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so APLD is lagging the market slightly.
- In the last month APLD has a been trading in the 20.00 - 29.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
APLD Weekly and Daily overview Charts
APLD Setup Rating and Analysis
APLD has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
APLD Support and Resistance Analysis
20.52
3 important support areas can be observed.
- Support @23.76 from a horizontal line in the weekly time frame.
- Support @21.09 from a horizontal line in the daily time frame.
- Support @20.73 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.12 to 26.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
APLD Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for APLD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for APLD is down. |
| ChartMill Relative Strength | 98.4 | POSITIVE | APLD has a high relative strength, it outperformed 98.4% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of APLD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of APLD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of APLD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.78 | NEUTRAL | The RSI value for APLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests APLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 46.39 | NEUTRAL | The Stochastics value for APLD is a neutral value. |
| Average True Range in percent/ATR (20) | 8.93 | HIGH VOLATILITY | The high ATR as a percentage value for APLD suggests high volalility. |
| Average Directional Index/ADX (14) | 19.38 | NEGATIVE | The low ADX value for APLD suggests a weak or negative trend. |
APLD Chart- and CandleStick Pattern Analysis
APLD Technicals: Chart, Performance Metrics, Trend & Indicators
24.56
+0.07 (+0.29%)
APPLIED DIGITAL CORP / APLD TA FAQ
What is the ChartMill technical rating of APPLIED DIGITAL CORP (APLD) stock?
ChartMill assigns a technical rating of 4 / 10 to APLD.
Can you provide the trend direction for APPLIED DIGITAL CORP?
The current trend direction for APPLIED DIGITAL CORP (APLD) is Bearish.
Can you provide the RSI signal for APPLIED DIGITAL CORP?
APPLIED DIGITAL CORP (APLD) has an RSI value of 43.7844. This indicates that the stock is currently neutral.
What is the MACD signal for APPLIED DIGITAL CORP (APLD) stock?
The MACD indicator for APPLIED DIGITAL CORP (APLD) has a value of -0.0854838, indicating a bearish trend.
What is the short term momentum for APLD stock?
The short term momentum for APPLIED DIGITAL CORP (APLD) is negative.