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Weaker Stock
Today AVGR ranks #17213 as sell candidate. Get a Free Stock at Robinhood
Stronger Stock

$0.51 (-7.31%)

Volume: 906k

Closed: Dec 03, 2021

Hollow Logo Score: -7.125

Avinger Stock Forecast

$0.51 (-7.31%)

Volume: 906k

Closed: Dec 03, 2021

Score Hollow Logo -7.125
Which way will AVGR go? Request
Key Stats
Beta 1.6
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 25 and the stock is currently not being overbought or oversold

Big movements in Avinger stock price on Friday moving 11.75% between high and low
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-19 Loss -30.52%

The Avinger stock price fell by -7.31% on the last day (Friday, 3rd Dec 2021) from $0.55 to $0.51. During the day the stock fluctuated 11.75% from a day low at $0.51 to a day high of $0.57. The price has fallen in 8 of the last 10 days and is down by -33.72% 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 -37 thousand shares and in total, 906 thousand shares were bought and sold for approximately $461.85 thousand.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.60) are considered to be a "second chance" to get out. According to the fan-theory $0.41 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Avinger 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 $0.58 and $0.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -39.64%. 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.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0599 between high and low, or 11.75%. For the last week the stock has had a daily average volatility of 11.63%.

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

Is Avinger stock A Buy?

Avinger holds several negative signals and is within a very 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: -7.125

Predicted Opening Price for Avinger of Monday, December 6, 2021

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

Fair opening price December 6, 2021 Current price
$0.53 $0.51 (Undervalued)
Strong Sell Candidate Unchanged

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Analyst Ratings

On Nov 15, 2021 "Aegis" gave "$2.50 - $2.00" rating for AVGR. The price target was changed from $0.72 to 4.0%.

Volatility and Risk
Daily Average Volatility: 11.63 %
Overall Risk: Very High High Medium Low Very Low
Volatility
11.63 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $0.53
Price: $0.51
No Support Found

AVGR Insider Trading Show all Trades

INSIDER POWER

3.202

Last 100 transactions
Buy: 1 010 608 | Sell: 315 602 (Shares)
Date Action Amount Person Type
Nov 30, 2021 Sell 184 Cullen James Common Stock
Nov 24, 2021 Sell 32 Cullen James Common Stock
Sep 18, 2021 Sell 16 667 Patel Himanshu Restricted Stock Units
Sep 18, 2021 Buy 16 667 Weinswig Mark Restricted Stock Units
Sep 18, 2021 Sell 16 667 Weinswig Mark Restricted Stock Units
Show all Insider Trades
INSIDER POWER

3.202

Last 100 transactions
Buy: 1 010 608 | Sell: 315 602 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 0.59 15.66 %
0.57 11.17 %
0.55 8.40 %
Current price: 0.51
Support 0.51 -0.57 %
0.49 -3.34 %
0.47 -7.83 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0.62 21.06 %
0.58 14.02 %
0.53 4.12 %
Current price 0.51
Support 0 .
0 .
0 .

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About Avinger

Avinger Avinger, Inc., a commercial-stage medical device company, designs, manufactures, and sells image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease (PAD) in the United States and Europe. The company develops lumivascular platform, which integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment portion of P... Read more

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