Applied Digital Corporation (APLD)

Applied Digital Corporation is trading at $17.82, down 8.22% on the session. The 50 day average sits at $24.06 and the 200 day at $31.33, which puts the stock in a downtrend. RSI is at 36.6, which reads as weak, and MACD is bullish crossover. Volume is average.

The nearest support is around $17.65 with resistance near $21.56, so that band frames the current range. Average daily movement is roughly $1.75, or about 9.8% of the share price, which is what any stop placement has to allow for. The overall health score of 24 out of 100 combines a trend score of 0, momentum of 44 and a risk score of 34.

Applied Digital Corporation designs, develops, and operates digital infrastructure solutions to high-performance computing (HPC) and artificial intelligence industries in North America. It operates through: Data Center Hosting, and HPC Hosting Business. The company provides energized infrastructure services to crypto mining customers; and cloud services to customers, such as AI and machine learning developers. It also engages in the designing, constructing, and operating of data centers to provide computing power and support HPC applications. The company was formerly known as Applied Blockchain, Inc. and changed its name to Applied Digital Corporation in November 2022. Applied Digital Corporation is based in Dallas, Texas.