RSI suggests Applied Optoelectronics, Inc. (AAOI)’s Stock Becomes Overbought

On Thursday, July 12, Shares of Applied Optoelectronics, Inc. (AAOI) were valued at $48.80 and moved 6.64% as of a recent closing trade. A total volume of 2.17 million shares were traded versus to average volume of 1.34 million shares.

Performance

Applied Optoelectronics, Inc. (AAOI) held 19.56 million outstanding shares currently. The company have shares float of 18.54 million. Now have a look at past performance (weekly performance to year to date performance) how Applied Optoelectronics, Inc. (AAOI) has been moved; whether it performed well or not. AAOI reported a change of 6.09% over the last week and performed 12.13% over the last month while its year to date (YTD) performance revealed an activity trend of 29.03%. The stock’s quarterly performance specifies a shift of 64.92%, and its last twelve month performance is stands at -32.82% while moved 38.20% for the past six months.

52 week High and Low

Applied Optoelectronics, Inc. (AAOI) shares have been seen trading -52.81% off its 52 week- peak value and changed 116.50% from its 52 week-bottom price value. The “percentage off the 52-week high or low” refers to when a stock current price is relative to where it has traded over the last 52 weeks. This gives investors an idea of how much the security has moved in the last year and whether it is trading near the top, middle or bottom of the range.

Technical analysis of Applied Optoelectronics, Inc. (AAOI) stock includes the study of technical indicators and past trends. For technical analysis of stock and trends here we employ the use of tools such as trading volumes, Simple Moving averages, RSI (14), and ATR (14) to determine the future behavior of a stock. Much of this practice involves discovering the overall trend line of a stock’s movement. Technical analysis of stocks and trends has been used by serious traders for decades. Although it does not guarantee success and is not 100% accurate, it is still one of the two key methods of analyzing stock prices, along with fundamental analysis.

Relative Strength Index (RSI)

Applied Optoelectronics, Inc. (AAOI)’s Relative Strength Index (RSI) is 70.07. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions. Average True Range (14) for Applied Optoelectronics, Inc. (AAOI) is stands at 2.51. ATR is a volatility indicator. Volatility measures the strength of the price action, and is often overlooked for clues on market direction.

Over the past week, the company showed volatility of 5.10%. Moving out to look at the previous month volatility move, the stock is at 5.45%.

Beta measures volatility or systematic risk, of a stock or a portfolio in comparison to the market as a whole. 1 shows stock moves with market. < 1 means less volatile than market. > 1 indicates more volatile than the market. The stock’s beta is 2.68.

Analyst mean recommendation rating on a stock by the analyst community is at 2.50. Analyst rating score as published on FINVIZ are rated on a 1 to 5 scale. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating.

Jessie Leiser

Jessie Leiser is an experienced writer, editor and proofreader. She covers all Acquisition & Merger news of different companies. These companies registered on US exchanges i.e. NYSE, NASDAQ, AMEX, NYSEMKT etc. Jessie completed her Post-Graduate Diploma in Business Administration with a specialization in Finance from International School of Business and Media (ISB&M). She is married and lives in sunny West Central Florida with her husband and two children.

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