NDAQ:APDN - Post Discussion
Post by
turner20001 on Oct 18, 2023 4:49pm
Applied DNA stock downgraded to Strong Sell Candidate
Applied DNA stock downgraded to Strong Sell Candidate
(Updated on Oct 17, 2023)
Sell candidate since Oct 02, 2023 Loss -11.40% PDF The Applied DNA stock price fell by -1.94% on the last day (Tuesday, 17th Oct 2023) from $1.03 to $1.01. During the last trading day the stock fluctuated 9.43% from a day low at $1.01 to a day high of $1.11. The price has fallen in 5 of the last 10 days and is down by -7.34% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 26 thousand shares were bought and sold for approximately $26.06 thousand.
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The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($1.01) are considered to be a "second chance" to get out. According to the fan-theory $0.664 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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