APPN breaks above 200-day moving average for the first time since September 28, 2018


Appian Corporation (APPN) Technical Analysis Report for Jan 11, 2019 | by Techniquant Editorial Team

Highlights

APPN breaks above 200-day moving average for the first time since September 28, 2018
APPN rises to highest close since September 28, 2018
APPN closes higher for the 6th day in a row

Overview

Moving higher for the 6th day in a row, APPN finished the week 14.94% higher at 30.93 after gaining $0.58 (1.91%) today on high volume, significantly outperforming the S&P 500 (-0.01%). Today's close at 30.93 marks the highest recorded closing price since September 28, 2018.

Daily Candlestick Chart (APPN as at Jan 11, 2019):

Daily technical analysis candlestick chart for Appian Corporation (APPN) as at Jan 11, 2019

Friday's trading range has been $1.26 (4.13%), that's slightly below the last trading month's daily average range of $1.45. Things look different on the weekly timeframe, where the market's trading range of the last week has been above the market's average weekly trading range. The longer-term, monthly volatility is currently just the same than usual for APPN.

Appian managed to close above the 200-day moving average at 30.47 for the first time since September 28, 2018.

With another close above the upper Bollinger Band, prices are confirming their strong upward momentum in the short-term. A drop back into the Bollinger Band on the next trading day though might signal a potential change in momentum that could lead to a correction back down towards the center of the Bollinger Bands at 27.21.

Although still in a long-term downtrend, the short and medium-term trends both turned bullish already.


Market Conditions for APPN as at Jan 11, 2019

Loading Market Conditions for APPN (Appian Corporation)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Appian Corporation traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!