Appian Corporation (APPN)

Appian stock forecast: buy or sell

Appian stock outlook

  • Appian stock climbed 1.83% to close at $58.02 on the stock market today.
  • The stock is configuring an uptrend pattern since last March, when it bottomed at $29.07. This rally marked a 99.59% gain
  • Appian Corporation provides low-code automation platform that enables organizations to develop various applications in the United States and internationally.
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Please read:
The comments published in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this paper does not know the particular circumstances of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for general educational motives only

Appian stock charts overview

Should I buy Appian stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is APPN stock a buy?

In the current situation of Appian there is just one buy setup eligible:

Uptrend buy setup

Appian stock is in an uptrend since last March that so far marked an amazing 100% gain. Price marked a pull back in this uptrend at $54.53 yesterday, and since then it bounced off a 6.4%. Breaking out above $63.87 - it's last top - will be a good entry point if Appian resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $57.48

Buy setupBuy pointStop lossRisk
Uptrend buy setup$63.87$57.4810%
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Should I sell Appian stock?

"To sell or not to sell", if you are holding Appian shares?. Trading strategies allow us to avoid impulsive decisions based on our emotions or the buzz that surrounds the market. Our trading system selects very simple strategies to guide us on when is a good time to sell our shares. Be aware that these strategies are not intended for shorting Appian stock

As a golden rule, you should never mantain a trading operation that generates losses greater than those expected at the time of purchase. The moment to sell your stock should always be dictated by the stop-loss (automatic or manual)

Is it time to sell Appian stock?

In the current situation of Appian there is not any eligible sell setup, so Appian stock holders with operations in green can keep their positions

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Analysts' recommendations to buy or sell Appian stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last 30 days we couldn't find any rating for Appian

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Technical analysis

Appian stock started an uptrend last March, and gained a gorgeous 99.59%. The price shows higher highs and higher lows, and along the way gave some buying opportunities for those who wanted to trade in. Latest pullback was yesterday, when price bounced at $54.53. Now, the price swings in a consolidation between its last top ($63.87) and its last bottom ($54.53)

SMAs overview

Moving averages are tools for traders to detect market momentum. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Moving averages are usually calculated on different periods depending on the trading timeframe 21, 50, 100 and 200 days are the most usual moving averages

Supports and resistances

Market investors use supports and resistances to identify price points in the stock price action that may act as barriers, preventing the price of a stock to move in certain direction. A support level is a level where the price tends to stop as it falls. This means that the price is more likely to "rebound" this level rather than break through it. Nevertheless, if the price breaks down the support, it will probably continue declining until approaching another support level. On the contrary, resistances are where the price tends to find resistance as it moves up. Likewise, the price is more liable to "rebound" at this level, and if it finally ruptures this level, the price will climb easily until it hits the next resistance

The current resistances are:

  • R1: $59.64 (2.79% above)
  • R2: $62.94 (8.48% above)
  • R3: $63.77 (9.91% above)
  • The current supports are:

  • S1: $56.30 (-2.96% below)
  • S2: $54.53 (-6.02% below)
  • S3: $52.45 (-9.6% below)
  • Bollinger bands

    So-called Bollinger bands are a widespread studio designed by John Bollinger. It consists of three lines that are plotted superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Relative strength index

    The RSI (Relative Strength Index) is an oscillator-type indicator that track price fluctuations to detect when the price of a share or financial asset is overbought or oversold. Like other oscillation indicators, the RSI fluctuates in a range from 0 to 100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 on September 3 after just crossing to the overbough zone for just one day (weak signal). The RSI reading today was 53.16. Appian stock tanked a 8.27% since RSI lost the overbought zone

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    Earnings and financials

    Appian Corporation (APPN) posted adjusted EPS for the fiscal 2nd-quarter that significantly uplifted Wall St. expectations. Quarterly EPS was $-0.12 per share versus $-0.25. This Q2 report means an earnings surprise of 52%. Predicted revenue for Q2 was $71.8 million but Appian slightly lowered by 6.93%, posting $66.8 million.

    Same quarter one year ago, reported EPS was $-0.10, so current EPS means a loss of -20%. Looking at revenues, figures only changed compared to $66.9M year over year.

    Appian will host the earnings call on late next October. Wall Street expects an earnings per share (EPS) of $-0.17, compared to Q2 that made $-0.12. Earnings reporting day has a more than usual risk for stock traders as the data published can jump up or down the price with very low volume and not honouring your buy or stop-loss orders. You can probably find more details about the earnings conference call and the earnings reports on the Investor Relations section of its website: http://www.appian.com.

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