Avista Corporation Stock Forecast

Green day on Wednesday for Avista Corporation stock after gaining 0.590%
(Updated on Apr 24, 2024)

AVA Signals & Forecast

The Avista Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $34.71 and $34.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 8.09%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, March 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, April 18, 2024.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Avista Corporation stock

Avista Corporation finds support from accumulated volume at $34.33 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.82 (2.34%) between high and low. For the last week, the stock has had daily average volatility of 2.03%.

Since the Avista Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $34.42 (-3.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (AVA) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Avista Corporation to open at $35.67, and during the day (based on 14 day Average True Range), to move between $35.08 and $36.50, which gives a possible trading interval of +/-$0.710 (+/-1.98%) up or down from last closing price. If Avista Corporation takes out the full calculated possible swing range there will be an estimated 3.97% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $34.33, some $1.46 (4.08%) from the current price of $35.79, our system finds the risk reward attractive.

Is Avista Corporation stock A Buy?

Several short-term signals, along with a general good trend, are positive and the stock has broken the rising trend up, which indicates an even stronger rate of rising. We can conclude that the current level may hold a buying opportunity as there is a fair chance for Avista Corporation stock to perform well in the short-term period. Due to a possible false trend-break listing stock as pure buy candidate is held back.

Current score: 4.658 Buy Candidate Unchanged

Predicted Opening Price for Avista Corporation of Thursday, April 25, 2024

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