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1APLD trade ideas

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.
NASDAQ:APLDLong
by meitshels_smell_trades
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.
NASDAQ:APLDLong
by SPYDERMARKET
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.
NASDAQ:APLDLong
by SPYDERMARKET
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!
NASDAQ:APLDLong
by meitshels_smell_trades
3
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.
NASDAQ:APLDLong
by SPYDERMARKET
1
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.
NASDAQ:APLDLong
by SPYDERMARKET
5
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
NASDAQ:APLDLong
by maybethatguy
APLD Bull move in the coming weeks for 10%+Most recent news - finance.yahoo.com APLD is one that seems to follow BTC. However I do see that it has its own technical moves that is worth paying attention to. I have marked levels of support on my chart there with interest in taking a position at the break of $2.50. The late trading day and AH movement today looked promising so I will be keeping an eye on this over the next coming days. I will size my position depending on how bullish I feel in the coming days. A break above $3 would be an absolute beautiful ting to see happen. (Not financial Advice)
NASDAQ:APLD
by azheng2649
Applied Blockchain - What is going on? Up 100% in a day!Yesterday, one particular company caught our attention. As of yet, we do think anything particular of it; however, a staggering move of more than 100% within a matter of hours is definitely mind-blowing and exciting to watch. Moreover, a massive explosion in volume accompanied the price action, which elevated the stock to a July high. As a result, we will monitor the title in the short-term future. Illustration 1.01 Within 24 hours, the stock doubled in price. Illustration 1.02 Within the past six days, the stock is up more than 150%. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:APLD
by Tradersweekly
19