💰 What is the current short-term price trend for APLD?

The current short-term price trend for Applied Digital (APLD) is **bearish**. Several indicators suggest a downward trend: 1. **Recent Price Performance**: The closing price of APLD on August 1, 2025, was $12.52, which represents a **4.72% decrease** from the previous day. 2. **Trading Volume**: The trading volume for APLD on August 1, 2025, was 50.63 million shares, which could indicate a lack of investor confidence or interest in the stock at the moment. |code|Ticker|Name|Date|Closing Price|Trading Volume|market_code| |---|---|---|---|---|---|---| |APLD|APLD.O|Applied Digital|20250728|10.58|2.0512822E7|185| |APLD|APLD.O|Applied Digital|20250729|10.12|2.282232E7|185| |APLD|APLD.O|Applied Digital|20250730|10.03|2.8882089E7|185| |APLD|APLD.O|Applied Digital|20250731|13.14|1.38168411E8|185| |APLD|APLD.O|Applied Digital|20250801|12.52|5.0626514E7|185| |APLD|APLD.O|Applied Digital|20250802|12.52|50626514|185| 3. **Moving Averages**: The stock's **5-day moving average** is $11.28, its **10-day moving average** is $11.13, and its **20-day moving average** is $10.53. All these moving averages are below the current trading price, suggesting a short-term downtrend. |code|Ticker|Name|Date|Moving Average|market_code| |---|---|---|---|---|---| |APLD|APLD.O|Applied Digital|20250801|11.2780|185| 4. **Technical Indicators**: The stock's **Relative Strength Index (RSI)** is at 67.2, which is considered **overbought** and could indicate a potential pullback. |code|Ticker|Name|Date|Boll|RSI|KDJ|MACD|market_code| |---|---|---|---|---|---|---|---|---| |APLD|APLD.O|Applied Digital|20250801|10.5300|67.2037|61.5189|0.3177|185| 5. **Market Sentiment**: Despite a **strong buy** analyst consensus and a price target increase to $24, the stock's price is currently below this target, which could suggest that the recent negative news has overshadowed the positive sentiment. In conclusion, the current short-term price trend for APLD is bearish, and the stock is likely to continue its downward trajectory in the near term. However, it's important to note that short-term movements can be volatile, and investors should consider their risk tolerance and investment horizon before making any decisions.