APLT price prediction for today bearish or bullish

The price prediction for Applied Therapeutics Inc (APLT) today is bullish. Here's the analysis to support this conclusion:

1. Recent Performance: APLT has shown a positive trend in the last week with a 25.17% interval percentage change. This indicates a recent bullish sentiment in the market.

2. Technical Indicators:
   • The Moving Average Convergence Divergence (MACD) is at 0.12, which is a bullish signal as it indicates the price momentum is increasing.
   • The Relative Strength Index (RSI) is at 17.29, which is considered oversold and can indicate a potential price rebound.
   • The KDJ indicator is at 1.26, which is also a bullish signal as it suggests that the price is moving out of the oversold territory.

3. Moving Averages: The 5-day moving average is $5.41, and the 10-day moving average is $5.48, both of which are below the current trading price of $5.85. This suggests that the stock is currently trading above its short-term and medium-term moving averages, a bullish signal.

4. Market Sentiment:
   • APLT has received a Bullish sentiment reading from InvestorsObserver Stock Sentiment Indicator, which suggests that the market sentiment is positive.
   • The stock has been assigned an Outperform rating by RBC Capital Mkts and Leerink Partners with a target price of $12, indicating confidence in the stock's potential to increase in value.
5. Regulatory Update: The FDA's decision not to hold an advisory committee meeting regarding the company's marketing application for its lead asset, govorestat, is a positive development for APLT. This could be a catalyst for further price appreciation as the FDA review of the NDA continues to proceed as planned.
6. Institutional Position: Institutional investors have significantly invested in APLT, with 98.31% of the stock currently owned by institutions. This indicates strong confidence from professional investors.
7. Insider Transactions: Recent insider transactions show that the CEO sold a significant number of shares, which could be seen as a sign of confidence in the company's future prospects.

In conclusion, the combination of recent positive performance, bullish technical indicators, favorable market sentiment, and strategic institutional investments, along with the recent regulatory update, supports a bullish price prediction for Applied Therapeutics Inc (APLT) today.