Avista Corporation Stock Forecast

Evaluation of Avista Corporation stock downgraded after the last trading session.
(Updated on May 01, 2024)

AVA Signals & Forecast

Mostly positive signals in the chart today. 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 $35.83 and $34.58. 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 10.66%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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

On the downside, the stock finds support just below today's level from accumulated volume at $34.33 and $33.94. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Avista Corporation finds support just below today's level at $34.33. If this is broken, then the next support from accumulated volume will be at $33.94 and $33.71.

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 $2.25 (6.18%) between high and low. For the last week, the stock has had daily average volatility of 2.33%.

Our recommended stop-loss: $35.33 (-3.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)

Trading Expectations (AVA) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Avista Corporation to open at $37.22, and during the day (based on 14 day Average True Range), to move between $35.84 and $37.44, which gives a possible trading interval of +/-$0.80 (+/-2.19%) up or down from last closing price. If Avista Corporation takes out the full calculated possible swing range there will be an estimated 4.38% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $34.33, some $2.31 (6.30%) from the current price of $36.64, 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 4.478 Buy Candidate Downgraded

Predicted Opening Price for Avista Corporation of Thursday, May 2, 2024

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