Aviat Networks Stock Forecast

Green day on Wednesday for Aviat Networks
(Updated on Apr 17, 2024)

AVNW Signals & Forecast

Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aviat Networks stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $33.92 and $35.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -13.41%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Aviat Networks stock

Aviat Networks finds support from accumulated volume at $33.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.600 between high and low, or 1.81%. For the last week, the stock has had daily average volatility of 2.69%.

Aviat Networks is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AVNW) For The Upcoming Trading Day Of Thursday 18th

For the upcoming trading day on Thursday, 18th we expect Aviat Networks to open at $33.33, and during the day (based on 14 day Average True Range), to move between $32.24 and $34.16, which gives a possible trading interval of +/-$0.96 (+/-2.90%) up or down from last closing price. If Aviat Networks takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $33.10 (0.30%) than the resistance at $34.16 (2.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Aviat Networks stock A Buy?

The Aviat Networks stock holds several negative signals and despite the positive trend, we believe Aviat Networks will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.337 Sell Candidate Unchanged

Predicted Opening Price for Aviat Networks of Thursday, April 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.