APPLIED DIGITAL CORP (APLD) Stock Technical Analysis
NASDAQ:APLD - Nasdaq - US0381692070 - Common Stock - Currency: USD
Overall APLD gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, APLD is showing a nice and steady performance.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long and short term trends are both positive. This is looking good!
APLD is one of the better performing stocks in the IT Services industry, it outperforms 92% of 82 stocks in the same industry.
In the last month APLD has a been trading in the 9.02 - 11.24 range, which is quite wide. It is currently trading near the high of this range.
APLD has an average volume of 54373300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that APLD is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
APLD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so APLD is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although APLD has an excellent technical rating, it does not present a decent entry opportunity 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
4.00
11.02
2 important support areas can be observed.
- Support @9.57 from a trend line in the daily time frame.
- Support @4.04 from a horizontal line in the weekly time frame.
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 APLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for APLD is up. |
| ChartMill Relative Strength | 97.63 | POSITIVE | APLD has a high relative strength, it outperformed 97.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of APLD is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of APLD is above the rising 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) | 58.6 | NEUTRAL | The RSI value for APLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests APLD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.57 | NEUTRAL | The Stochastics value for APLD is a neutral value. |
| Average True Range in percent/ATR (20) | 6.53 | HIGH VOLATILITY | The high ATR as a percentage value for APLD suggests high volalility. |
| Average Directional Index/ADX (14) | 21.25 | NEUTRAL | The ADX value for APLD suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
10.91
+0.85 (+8.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg8.45%
1 Week16.93%
2 Weeks3.31%
1 Month-0.73%
3 Month176.2%
6 Month22.58%
12 Month90.73%
2 Year13.88%
3 Year414.62%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%6.53%
ATR Inc34.13%
Range Today1.16
ADR(20)0.69
ADR(20)%6.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.63
Mansfield3.57
10 Day High11.24
10 Day Low9.02
20 Day High11.24
20 Day Low9.02
52 Week High15.42
52 Week Low3.01
CS1 End9.57
CR1 StartN/A
Volume & EV
DER(3)4.45%
DER(5)3.04%
Volume54.71M
Volume Incr-14.76%
Vol(5)32.08M
Vol(50)54.37M