Will aplt go up today?
10/7/2024 02:58pm
**Applied Therapeutics (APLT) is not expected to significantly increase today.** Here's the analysis to support this conclusion:
1. **Short-term Trend Forecast**: The short-term trend forecast for APLT is bullish, which could suggest some potential for an increase. However, this is not a strong indicator as it is a short-term forecast.
2. **Moving Averages**: The 5-day and 10-day moving averages are both at $8.17, which is above the current closing price of $7.7. This could indicate a potential for the stock to increase to meet or exceed the moving averages.
3. **Forecast Price**: The forecast price for APLT on the next trading day is $7.59, which is slightly higher than the current closing price but not a significant increase.
4. **Recent Performance**: APLT has seen a significant 1-month percentage change of 35.09%, which could indicate strong recent momentum. However, this is a longer-term indicator and does not necessarily predict short-term movements.
Considering these points, while there is some positive sentiment and recent momentum, the short-term trend forecast and the current moving averages suggest that APLT may not experience a significant increase today. The forecast price for the next trading day is also not exceptionally high, indicating a modest potential for growth rather than a substantial rise.