Aveanna Healthcare Holdings Inc. Stock Forecast
High volatility in Aveanna Healthcare Holdings Inc. stock price on Thursday which ended trading at $2.20
(Updated on Apr 25, 2024)
The Aveanna Healthcare Holdings Inc. stock price fell by -4.76% on the last day (Thursday, 25th Apr 2024) from $2.31 to $2.20. During the last trading day the stock fluctuated 10.55% from a day low at $2.18 to a day high of $2.41. The price has fallen in 7 of the last 10 days and is down by -8.33% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -40 thousand shares and in total, 53 thousand shares were bought and sold for approximately $116.21 thousand.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.16 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.12% during the next 3 months and, with a 90% probability hold a price between $2.11 and $2.54 at the end of this 3-month period.
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AVAH Signals & Forecast
There are few to no technical positive signals at the moment. The Aveanna Healthcare Holdings Inc. 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 $2.25 and $2.40. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -4.76%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
A sell signal from a double top formation was found on Friday, April 05, 2024 with a target of $2.48. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Aveanna Healthcare Holdings Inc. stock
Aveanna Healthcare Holdings Inc. finds support from accumulated volume at $2.16 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.230 between high and low, or 10.55%. For the last week the stock has had daily average volatility of 7.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AVAH) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Aveanna Healthcare Holdings Inc. to open at $2.26, and during the day (based on 14 day Average True Range), to move between $2.04 and $2.36, which gives a possible trading interval of +/-$0.163 (+/-7.39%) up or down from last closing price. If Aveanna Healthcare Holdings Inc. takes out the full calculated possible swing range there will be an estimated 14.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $2.16 (1.82%) than the resistance at $2.47 (12.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aveanna Healthcare Holdings Inc. stock A Buy?
Aveanna Healthcare Holdings Inc. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.490 Sell Candidate Unchanged
Predicted Opening Price for Aveanna Healthcare Holdings Inc. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $2.26 ( 2.88%) | $2.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVAH
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.49 | 13.33 % | |
| R2 | 2.41 | 9.34 % | ||
| R1 | 2.35 | 6.87 % | ||
| Current price: | 2.20 | |||
| Support | S1 | 2.18 | -1.11 % | |
| S2 | 2.12 | -3.58 % | ||
| S3 | 2.03 | -7.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.50 | 13.64 % | |
| R2 | 2.49 | 13.18 % | ||
| R1 | 2.47 | 12.27 % | ||
| Current price | 2.20 | |||
| Support | S1 | 2.16 | -1.82% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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