SoloTraderAU

APX Target $15, 2000% return in 3 years

ASX:APX   APPEN LIMITED
2018.06.18 TA Report
Aussie Market Buy/Sell ratio = 0.44
Buys: 269 (13.1%)
Sells: 613 (29.7%)
Hold: 1179 (57.2%)

Let's see some history relative timing values by VectorVest on this stock:
18-Jun = 1.70
15-Jun = 1.76
14-Jun = 1.73
13-Jun = 1.70
12-Jun = 1.65

APX.AX has a current Value of $3.58 per share, which is overvalued compared to its Price of $12.78 per share. Value is computed from forecasted earnings per share, forecasted earnings growth, profitability, interest, and inflation rates.

RT analyzes a stock's price trend. APX.AX has a Relative Timing of 1.70, which is excellent on a scale of 0.00 to 2.00. RT is computed from an analysis of the direction, magnitude, and dynamics of a stock's price movements day-over-day, week-over-week, quarter-over-quarter and year-over-year. If a trend dissipates, RT will gravitate toward 1.00.
CI is an indicator which reflects a stock's ability to resist severe and/or lengthy price declines. APX.AX has a CI of 1.93, which is excellent on a scale of 0.00 to 2.00. CI is based solely upon a stock's long-term price history.

As RT keeps rising in the last few days but it U-turn from 1.76 to 1.70 sharply. This is an alert.


Let’s have a look on the technical analysis:

Triangle Breakout

After the recent triangle breakout, APX soared 20% in a week. The current price is sitting on Fib channel 78.6%. We see a potential bearish harami. We will confirm if there is a bearish candlestick after today’s market.
Ichimoku Analysis
The chikou span shows a bit of turning signal. We may consider a technical adjustment back to Fib Ret 38.2% ($11.28) which is also close to Kijun-sen’s value $11.265.

In a longer run, APX’s target is about $15 - $16.

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