Bot Trading Yields 8.15% Gains for APPN as RSI Recovers
Automated trading systems, often referred to as bot trading, have been gaining popularity in the financial markets due to their ability to execute trades with speed and precision. These systems rely on pre-programmed algorithms to analyze market data and make trading decisions without human intervention. In the case of APPN, bot trading has recently generated gains of 7.14% for the stock.
Bot trading operates on the principles of technical analysis, which involves studying historical price and volume data to identify patterns and trends. By analyzing this data, the algorithms can determine when to enter or exit a trade, aiming to capture short-term price movements for profit.
In the case of APPN, the bot trading system successfully identified an opportune moment to enter the market, resulting in a 7.14% gain for the stock. This highlights the potential of algorithmic trading to generate substantial returns in a relatively short period.
APPN's RSI Oscillator recovers from oversold territory
The Relative Strength Index (RSI) is a popular technical indicator used by traders to assess the momentum and strength of a stock's price movement. It provides insight into whether a stock is overbought or oversold, indicating potential reversal points.
In the case of APPN, its RSI Oscillator has recently recovered from oversold territory. This indicates that the stock's price had been pushed down to levels that may have been undervalued, and the market sentiment has now shifted towards a potential upward movement.
The recovery of the RSI Oscillator suggests that buyers have entered the market, pushing the price of APPN higher. This recovery in sentiment can be a positive sign for investors, as it may signal a potential trend reversal and the beginning of an upward price movement.
It's important to note that while the recovery of the RSI Oscillator is a positive development, it should not be the sole factor for making investment decisions. Other fundamental and technical factors should be considered to get a comprehensive view of the stock's potential.
APPN's RSI Indicator climbs out of oversold territory
The RSI Oscillator for APPN moved out of oversold territory on May 08, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In of the 26 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on May 17, 2023. You may want to consider a long position or call options on APPN as a result. In of 101 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for APPN just turned positive on May 11, 2023. Looking at past instances where APPN's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
APPN moved above its 50-day moving average on May 22, 2023 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for APPN crossed bullishly above the 50-day moving average on May 30, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 16 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where APPN advanced for three days, in of 329 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 7 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where APPN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
APPN broke above its upper Bollinger Band on May 22, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for APPN entered a downward trend on May 15, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. APPN’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (25.974) is normal, around the industry mean (31.306). P/E Ratio (0.000) is within average values for comparable stocks, (168.128). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.122). Dividend Yield (0.000) settles around the average of (0.040) among similar stocks. P/S Ratio (6.158) is also within normal values, averaging (70.523).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. APPN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock better than average.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a provider of business process management, social, and mobile access software services
Industry PackagedSoftware
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APPN and
Correlation & Price change
A.I.dvisor indicates that over the last year, APPN has been closely correlated with BIGC. These tickers have moved in lockstep 77% of the time. This A.I.-generated data suggests there is a high statistical probability that if APPN jumps, then BIGC could also see price increases.
| Ticker / NAME | Correlation To APPN | 1D Price Change % | ||
|---|---|---|---|---|
| APPN | 100% | +2.22% | ||
| BIGC - APPN | 77% Closely correlated | -2.49% | ||
| PD - APPN | 77% Closely correlated | +1.31% | ||
| PAYC - APPN | 75% Closely correlated | -0.40% | ||
| HUBS - APPN | 73% Closely correlated | +2.86% | ||
| CDAY - APPN | 73% Closely correlated | -1.28% | ||
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