$APLD to $19 a share NASDAQ:APLD to $19 a share
Chart is ready and NVDA being invested in it can be a catalyst.
Idea would be invalidated with a close below $8
APLD trade ideas
Applied Digital (APLD) Gains Momentum with NVIDIA's Investment
NVIDIA's Share Acquisition: NVIDIA recently announced acquiring shares in APLD, boosting investor confidence.
Bullish Continuation: APLD shows a strong bullish trend with analysts predicting significant upside potential.
Moving Average Ribbons: The Moving Average ribbons are showing a bullish signal, with multiple short-term moving averages crossing above the longer-term ones
APLD eyes on 8 bucks: return trip after longs, will not hold?Followup to my long call on $8.10 break (click).
We got out scalp long entry and exit on fibs.
We are now back to the scene of the crime.
Major support tried to hold but looks to fail.
Starting a new week so maybe new sentiment.
$ 7.97 - 8.10 remains the key support here.
$ 6.92 - 7.07 may be tested if bears step in.
$ 4.57 - 4.70 will be critical uptrend support.
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APLD eyes on $8.10: Golden Genesis fib to launch next 14% leg? APLD up against a Golden Genesis fib at $8.10.
This high gravity fib as captured price into orbit.
If bulls can achieve escape velocity we get a pop.
$ 8.10 is the exact level of the Golden fib.
$ 9.28 is the exact target we will look for.
$ 7.37 is first support to serve as SL shield.
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Applied Digital Pulls Back After September AI SurgeApplied Digital rallied sharply last month. Now, after a pullback, some traders may look for potential continuation.
The first pattern on today’s chart is the bullish gap on September 5 after Nvidia NASDAQ:NVDA participated in a $160 million funding round. That event boosted overall activity in the name, roughly tripling its average daily volume. TradeStation data also shows a big increase in options turnover. Those points suggest the provider of datacenter-equipment has attracted a new cohort of investors.
Second is the July 8 close of $7.14, APLD tested and held that level this week. Has old resistance become new support?
Prices also tested and held their rising 21-day exponential moving average. That may suggest an uptrend is in place.
Next, the 50-day simple moving average (SMA) is above the 100-day SMA. Both are above the 200-day SMA. That relatively new condition, with faster SMAs above the slower, may suggest its longer-term trend is getting more positive.
Finally traders may watch the January high of $8.65 for signs of a potential breakout.
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APLD Applied Digital Corporation Options Ahead of EarningsIf you haven`t bought the dip on APLD:
Now analyzing the options chain and the chart patterns of APLD Applied Digital Corporation prior to the earnings report this week,
I would consider purchasing the 9usd strike price Calls with
an expiration date of 2024-11-15,
for a premium of approximately $1.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
APLDGraph with MACD cross and rising KDJ and EWO all bottoms up bootstraps with large volume spike on Sept 3rd on a 4D chart shows strap in.
Upcoming earnings target is -0.273 and past earnings have been off, so the recent jump has gained >100% for the big whale buyer.
#chart
#EWO
#quick100%
#APLD
#largevolumespike 4d chart
#KDJ cross-over trend
#MACD trend
Too late? No buy or sell recommendations here. Make own decision on next earnings announcement.
9/10/24 - $apld - businesses make $. it's a short lolz9/10/11 :: VROCKSTAR :: NASDAQ:APLD
businesses make $. it's a short lolz
- losses for as long as the eye can see
- gross margins are negative (lol need i say more)
- speaking of need. needham think it's worth $11. if u rely on the wall street clowns for price targets, ngmi
- so could it go to a million bucks a share? dude anything is possibly in this un reality show
- but again, i'm looking for some hedges for my main exposures which are OTC:GDLC (~45%), NASDAQ:NXT (about 10%) and NASDAQ:CELH (about 10%). a few others i've been dabbling in lately, but more just feeling them out ( NASDAQ:META , NYSE:YETI , $blde... others i will write about if they trip the 2-3% size).
in the meanwhile be safe out there and don't follow the klowns off the NYSE:PLTR ledge at 30x *sales*. also be weary of wall street selling you *anything* nevermind a loss making company with the hopes it doubles on fundamentals. trading stonk only. but anyway... i'll take the under. gl.
V
Applied Digital Surges 64% on $160 Million Funding DealIntroduction
Applied Digital (NASDAQ: NASDAQ:APLD ), a prominent player in the data center and digital infrastructure space, has recently made headlines with a 65% surge in its stock price, following a major funding deal. The company secured $160 million from a group of investors, including tech giant Nvidia, positioning it as a significant force in the AI and High-Performance Computing (HPC) landscape. This article delves into the technical and fundamental aspects driving Applied Digital’s stock, exploring the implications of the financing deal and the company’s growth outlook.
Strengthening Financial Position
1. Strategic Financing to Fuel Growth
Applied Digital’s recent $160 million funding round is a significant vote of confidence from investors, including Nvidia, a leader in AI technology, and Related Companies, a major real estate firm specializing in complex infrastructure. This influx of capital strengthens Applied Digital’s financial position, enabling it to expand its data center operations and cloud solutions. The company aims to become a major player in the AI and HPC sectors by enhancing its capacity and infrastructure.
2. Record-Setting Developments
Applied Digital’s focus on building advanced data centers tailored for AI workloads sets it apart from competitors. The company is developing one of the world’s largest data centers and plans to add an additional 300MW of data center capacity. Leveraging cutting-edge technologies such as closed-loop liquid cooling and stranded power sources, Applied Digital aims to deliver hyper-efficient platforms optimized for demanding AI and HPC workloads.
3. Strong Partnerships and Market Position
The partnership with Nvidia, which extends beyond investment to technological collaboration, solidifies Applied Digital’s standing as a preferred cloud partner for AI projects. This relationship enhances the company's ability to attract hyperscale clients and secure a competitive edge in a market constrained by limited power and space.
4. Addressing Losses with Strategic Growth
Despite a 52% drop in its stock price this year due to higher expenses related to new facilities and equipment, Applied Digital is now poised for recovery. The company’s investment in infrastructure is expected to generate significant revenue in the future, especially as demand for AI-driven solutions grows.
5. Private Placement and Financial Resilience
Applied Digital ( NASDAQ:APLD ) issued approximately 49 million shares at $3.24 each in a private placement, aligning with its closing price on September 4. This pricing strategy indicates investor confidence in the company’s future potential. The raised capital will not only bolster Applied Digital’s balance sheet but also support its ongoing and future projects, allowing the company to maintain its rapid pace of growth.
Stock Performance and Market Reactions
1. Breakout Rally Post-Funding News
Applied Digital’s stock experienced a dramatic 65% spike, reaching its highest level in over a month. The surge reflects investor optimism following the funding announcement, which signals robust future growth prospects. This sharp increase also suggests a possible trend reversal, as the stock had been under pressure due to previous financial setbacks.
2. Support and Resistance Levels
After the announcement, Applied Digital's stock broke through key resistance levels, with the next significant barrier around $6.50. The stock’s momentum could push it further, especially if it sustains above its previous support levels of around $3.24, which also aligns with the private placement price. A sustained rally above these levels may signal continued bullish sentiment and potential long-term upside.
3. Volume Surge and Bullish Indicators
The recent price action was accompanied by a surge in trading volume, indicating strong investor interest. Key technical indicators such as the Relative Strength Index (RSI) and Moving Averages are showing bullish signals. The RSI is approaching overbought territory, suggesting strong buying momentum, while the stock’s price is trading above its 50-day and 100-day moving averages, indicating a positive trend.
4. Potential Pullback and Risk Factors
While the stock's recent rally is promising, investors should be cautious of potential pullbacks, especially given the stock's prior volatility. The broader market conditions and any shifts in investor sentiment towards AI-related stocks could impact Applied Digital’s price movement. Additionally, the company’s execution of its growth strategy will be critical in maintaining its upward trajectory.
Outlook: Positioning for AI-Driven Future
Applied Digital’s strategic positioning in the AI and HPC sectors, backed by a robust financial deal, has set the stage for transformative growth. The company’s partnership with Nvidia and other key investors provides not just capital but also strategic advantages that align with the surging demand for AI infrastructure. With a clear roadmap to expand its data center capacity and enhance its technological capabilities, Applied Digital is well-positioned to capitalize on the AI boom.
Investors should keep a close watch on Applied Digital’s execution of its ambitious projects and its ability to turn its infrastructure investments into revenue. The recent funding deal and subsequent market reaction are clear indicators that the company is on a promising path, poised to redefine the digital infrastructure landscape for AI and HPC applications.
Applied Digital CorporationApplied Digital Corporation witnessed a strong rebound after testing the uptrend line at 3.95, to violate the last peak at 5.00$, and the confirmation of that breakout by closing above this level for 2 trading sessions, will confirm shifting the trend to uptrend, which will trigger further rises near 5.58 - 6.36 - 6.80 - 7.44.
The stop-loss lies below 4.65.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
$APLD Ready for Growth?In looking at NASDAQ:APLD the time frame continuity is really strong with a bullish sentiment. Analysts have this stock rated at $11. It has a RSI of 59.69 which is not over bought yet. The MACD is showing a slowing in sellers and a potential for the buyers to come in. The volume is picking up as well with 13 million. The stop loss is in red and the targets for the bullish is in green. Let's watch and see.
All of this is for informational purposes only. Do your own due diligence.
APLD - Blockchain and AI - Data Center Provider - Huge GrowthApplied Digital Corporation (APLD) is a U.S.-based company that designs, develops, and operates next-generation datacenters. These datacenters are built to provide digital infrastructure solutions primarily for the high-performance computing (HPC) and artificial intelligence (AI) sectors. APLD's business operations are divided into three segments: blockchain colocation services, HPC datacenter colocation services, and GPU cloud services under the Applied Digital Cloud brand.
The company's mission is to create ultra-low-cost digital infrastructure that is environmentally sustainable. Their approach includes constructing datacenters close to power sources, often utilizing renewable energy, which aligns with their goal of promoting more sustainable energy projects.
Disclaimer: This content is for informational purposes only and should not be considered financial advice.
Recent Insider and Block Buys
Investment Snapshot (As of May 17, 2024):
Relative Volume: 1.32
Shares in Circulation: 86.5M
Short Float: 20.59%
Key Technical Levels:
Potential Pullback: There might be a slight pullback to the $3.70 area, which could serve as an optimal entry point.
Support and Uptrend Confirmation: Staying above $4.00 could confirm a potential further uptrend.
Resistance Points: Monitor resistance at $4.50, $5.20, $5.50, and $6.00. Surpassing these levels could signal a positive trend, providing opportunities to take profits at these stages.
Trading Strategy:
Take Profit (TP): Aim for a target profit of $6.50 to fully capitalize on the anticipated price gap closure.
Stop Loss (SL): Establish a stop loss below $3.40 or $3.90, depending on your entry point, to mitigate potential losses.
Chart Analysis:
Please refer to the attached chart for a detailed analysis of price trends and movements.
Trading Advisory:
Exercise caution and consider market conditions and your own risk tolerance when trading. Conduct comprehensive research or consult with a financial advisor before engaging in trading activities.
APLD - Update - EarningsBullish Points:
Applied Digital's fiscal third quarter 2024 financials show promising developments with a significant revenue increase to $43.3 million, marking a 208% rise from the previous year. This growth is fueled by expanded data center capacities and new revenue from cloud services. Strategically, the company has secured an exclusive agreement and executed a Letter of Intent for a substantial 400 MW capacity lease with a U.S.-based hyperscaler, indicating strong future revenue potential. Additionally, the company has significantly strengthened its balance sheet through $160 million in asset sales and financing transactions, improving financial stability. Operational enhancements are also underway, with the Ellendale facility expected to reach 65%-75% capacity by the end of May 2024, following setbacks.
Bearish Points:
Despite the revenue increase, Applied Digital reported a substantial expansion in its net loss to $62.8 million for the quarter, up from $7.3 million in the same period last year, reflecting higher operational costs and significant expenses from facilities not yet generating revenue. The cost of revenues and administrative expenses surged due to increased energy costs and growth-related expenses such as higher depreciation, amortization, and personnel costs. The company also faced operational challenges, including power outages at its data centers, notably affecting the Ellendale facility, which impacted both operations and revenue generation. Adjusted EBITDA also moved into negative territory, posting a loss of $2.3 million compared to a gain in the previous year.
Summary of Financial Improvements from Previous Reports:
Comparing this quarter's results to previous reports, Applied Digital has seen a robust increase in revenues due to higher data center capacity and the launch of cloud services. However, this revenue growth has been accompanied by a rise in expenses and a deeper net loss, driven by scaling operations and ramp-up costs at new facilities. The company's balance sheet has been fortified with additional cash through asset transactions, helping to manage increased debt levels and support ongoing expansion efforts.
Regarding the market's reaction, I'll be keen to see how it responds tomorrow. I don't see much that's going to allow this to be valued much higher.. I am currently accumulating the stock and would welcome any dips in price as opportunities to purchase more shares at a discount. I still want to see that 1.90 area to load up bags.
APLD UPDATE - Accumulating.
It appears we're poised to enter a new liquidity zone once we surpass the $2.60 mark. I plan to buy shares at the lower boundary of $1.89, and will keep adding to my position if prices drop further. Despite the less-than-ideal financials at present, the future looks promising once the company activates its data centers and commercializes its GPUs. The potential for expansion into various sectors that leverage AI, such as biotechnology, engineering, civil engineering, and manufacturing, ETC is vast.
These are the types of investments you hope to discover early on. Despite being speculative, it's crucial to appreciate the company's strategic direction.
The Marathon Plant's return to full operational capacity may take a while, but I view this as an opportunity for growth, working out the kinks for future projects.
APLD - Next Generation Data Center - longImageApplied Digital Corp designs, develops and operates next-generation datacenters across North America to provide digital infrastructure solutions to the rapidly growing high performance computing industry.
This is not a financial advice!
This is more of a long-term play due to rapidly growing AI and digitalisation more and more data centers will be needed
We need to stay in a bullish overal sentiment of the market. If we see a corretion, this play might doesn't work.
Keep an eye on 6.4 and 7.4 (gap between) levels, needs to get broken for a further upmove. You can take partial profits at these levels if u want to lock in gains.
SL under 4.0
TP approx. 8.5 or 11.0
Most info on the chart.
Trade carefully!
APLD Applied Digital Corporation Options Ahead of EarningsAnalyzing the options chain and the chart patterns of APLD Applied Digital Corporation prior to the earnings report this week,
I would consider purchasing the 3.50usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.12.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
APLD - LONG TERM ACCUMULATIONI realize these guys financials are trash, But I really like the business model, This is a long term hold for me as I believe Data is the next gold rush.
Not worried about the lawsuits, those guys throw them around left and right, the accusations don't seem too worrisome.
My key buy areas are the LVNs, $2.90-$3.00 Area, here.... Depending on earnings ill make my decision to buy.
If we drop below, we can see $1.90 area LVN, Id LOVE to pick a bag up there.
Continuing to watch developments.
APLD - LONG
APLD operates in the high-demand sectors of AI cloud services and next-generation data centers, benefiting from key trends in artificial intelligence and digital infrastructure. The company's strategy involves renting out data center space crucial for AI development, rather than creating AI algorithms itself. This approach has led to significant revenue growth, with a 242% increase last year and an expected 341% this year. APLD is positioned for substantial growth, leveraging the AI and Bitcoin industries, and is currently viewed as undervalued by the market. With all the talk about the Bitcoin Halving, this seems like a great opportunity.
The stock is at a crucial support level, indicating a potential investment opportunity. We could really trade down to 3,.90 area LVN, but ill take my chances here, Average down if we see lower. we Break below 3.80 LVN, we could trade all the way down to 2.82 area, lets home not.
APLD targetslooking to close above the 200 day moving ave on the daily also confirming above orderblock that was resistance now support
nxt target 20% 6.60
APLD continues downtrend heading to 7$APDL is a highly shorted stock that looks to most likey continue downtrend during this economic turmoil. The stock has risen many multiples over the last few months and recently broke downward out of a large medium term channel.
APLD Analysis: Potential Breakout AheadIntroduction:
Greetings traders! Today, I would like to share an analysis of Applied Digital (APLD), highlighting a potential breakout scenario. APLD is currently trading at $9.80, facing resistance on the daily chart between $10.50 and $11. Join me as we examine this horizontal channel and explore the possibility of a breakout, keeping in mind the need for a cautious approach. Our next daily resistance level stands at approximately $15.
Chart Analysis:
Upon examining the APLD chart, we can identify a well-defined horizontal channel that has formed between $10.50 and $11. This range has served as a strong barrier to further upside movement, causing multiple rejections in recent trading sessions. It is crucial to approach this potential breakout scenario with caution and consider additional factors before drawing conclusions.
Technical Indicators:
While the horizontal channel suggests the possibility of a breakout, we must analyze various technical indicators to gain a comprehensive perspective on APLD's potential trajectory. Currently, the Relative Strength Index (RSI) hovers around 55, indicating a relatively balanced state between buying and selling pressures. It implies that there might be room for upside momentum if buyers enter the market.
Additionally, it is essential to consider volume analysis. In recent consolidation phases within the resistance zone, there has been a notable increase in buying volume. This surge in volume could indicate growing interest and potential accumulation, supporting the likelihood of a breakout.
Breakout Scenario and Caution:
Considering the factors mentioned above, we need to exercise caution despite the potential breakout scenario. While the indicators suggest bullish possibilities, it is crucial to wait for confirmation before assuming the breakout will occur. Traders should closely monitor price action and volume trends, seeking decisive moves above the resistance zone to validate the breakout.
Conclusion:
In conclusion, Applied Digital (APLD) shows potential for a breakout beyond the resistance zone between $10.50 and $11. However, it is crucial to approach this scenario with caution and wait for confirmation. Keep a close eye on price action, volume trends, and any significant catalysts that may impact APLD's price movement. Remember, trading decisions should be based on careful analysis and risk management.
News:
7/1: Applied Digital Stock Surges 12% After Announcing Its Third AI Deal:
www.coindesk.com
6/30: Applied Digital Announces Strategic Collaboration with Hewlett Packard Enterprise to Deliver AI Cloud Services:
finance.yahoo.com
APLD looking okaynot the worst scenes here on the blockchain space. all of these stocks seem to follow the market as a whole, with the push towards cbdc these stocks could really take off again in the future. would keep your head up and be careful since theres significant risk however the upside is huge.
