Apellis Pharmaceuticals Inc (APLS): Price Now Near $33.77; Daily Chart Shows Downtrend on 50 Day Basis

The Hourly View for APLS

At the moment, APLS (Get Ratings)’s price is up $0.3 (0.91%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, with price now being above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Pharmaceutical Products stocks, APLS ranks 123rd in regards to today’s price percentage change.

APLS’s Technical Outlook on the Daily Chart

At the moment, APLS’s price is up $0.24 (0.71%) from the day prior. The daily chart shows that APLS has seen 2 straight up days. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. Of note is that the 20 day changed directions on APLS; it is now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows APLS’s price action over the past 90 days.

APLS

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APLS: Daily RSI Analysis

  • APLS’s RSI now stands at 69.9422.
  • APLS and RSI may be exhibiting divergent trends. This may be something to monitor.

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