APLT price prediction for today bearish or bullish

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

1. Recent Positive News:
   • The FDA's decision not to hold an advisory committee meeting regarding APLT's marketing application for its lead asset, govorestat, has positively influenced the stock. This development likely contributed to the significant price increase APLT experienced, with a 72% jump to $8.00 on the day of the announcement.
2. Technical Indicators:
   • The MACD (Moving Average Convergence Divergence) is at 0.07, indicating a slight bullish momentum.
   • The RSI (Relative Strength Index) is at 17.29, which is considered oversold and can sometimes precede a price rebound.
   • The KDJ (Stochastic Oscillator) is at 1.26, suggesting that the stock may be moving out of an oversold condition and could experience a price increase.
3. Moving Averages:
   • The 5-day moving average is $5.32, and the 10-day moving average is $5.46, both of which are below the current trading price of $8.00. This indicates a short-term upward trend.
4. Market Sentiment:
   • APLT has received a Bullish sentiment reading from InvestorsObserver, which could influence investor perception and contribute to a bullish market sentiment.
5. Institutional Activity:
   • Institutional investors have significantly invested in APLT, with Principal Financial Group Inc. acquiring a new position in the second quarter, indicating confidence in the stock.
6. Recent Performance:
   • APLT has experienced a 1-week percentage change of 47.79% and a 1-month percentage change of 31.62%, demonstrating strong recent bullish momentum.

In conclusion, the combination of positive news, bullish technical indicators, and strong recent performance suggests that APLT's price for today is more likely to be bullish.