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. In the last year, APLD was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
APLD is one of the better performing stocks in the IT Services industry, it outperforms 79% of 82 stocks in the same industry.
In the last month APLD has a been trading in the 4.62 - 7.71 range, which is quite wide. It is currently trading near the high of this range.
APLD has an average volume of 34085600 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 91% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
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.
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
4.08
10.79
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.95 to 7.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.12 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @7.37 from a horizontal line in the weekly time frame.
- Resistance @7.60 from a horizontal line in the daily time frame.
- A resistance zone ranging from 10.67 to 10.68. 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 APLD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for APLD is up. |
| ChartMill Relative Strength | 91.23 | POSITIVE | APLD has a high relative strength, it outperformed 91.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of APLD is above the rising 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 | MIXED | The current price of APLD is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.03 | NEUTRAL | The RSI value for APLD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests APLD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.13 | OVERBOUGHT | The high Stochastics value suggests APLD may be overbought. |
| Average True Range in percent/ATR (20) | 7.79 | HIGH VOLATILITY | The high ATR as a percentage value for APLD suggests high volalility. |
| Average Directional Index/ADX (14) | 28.16 | POSITIVE | The high ADX value value for APLD suggests a strong 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)
7.04
-0.23 (-3.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-3.16%
1 Week3.83%
2 Weeks17.73%
1 Month55.07%
3 Month-12%
6 Month-30.3%
12 Month66.43%
2 Year-15.89%
3 Year45.76%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%7.79%
ATR Inc-16.87%
Range Today0.51
ADR(20)0.52
ADR(20)%7.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.23
Mansfield0.12
10 Day High7.71
10 Day Low5.51
20 Day High7.71
20 Day Low4.62
52 Week High12.48
52 Week Low3.01
CS1 End7.03
CR1 Start7.37
Volume & EV
DER(3)-1.71%
DER(5)-1.78%
Volume25.25M
Volume Incr-14.14%
Vol(5)32.37M
Vol(50)34.09M