AVI Limited Stock Forecast
AVI Limited stock price ended at $8,727.00 on Thursday, after gaining 0.426%.
(Updated on May 02, 2024)
The AVI Limited stock price gained 0.426% on the last trading day (Thursday, 2nd May 2024), rising from $8,690.00 to $8,727.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.93% from a day low at $8,651.00 to a day high of $8,818.00. The price has risen in 7 of the last 10 days and is up by 3.45% over the past 2 weeks. Volume fell on the last day by -145 thousand shares and in total, 553 thousand shares were bought and sold for approximately $4.83 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AVI Limited stock with a 90% probability to be traded between $8,247.52 and $9,021.26 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AVI.JO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.55%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AVI Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $8,849.00. On a fall, the stock will find some support from the short-term average at $8,580.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for AVI Limited stock
AVI Limited finds support from accumulated volume at $8,688.00 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 $167.00 (1.93%) between high and low. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: $8,332.13 (-4.52%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (AVI.JO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect AVI Limited to open at $8,732.00, and during the day (based on 14 day Average True Range), to move between $8,525.79 and $8,928.21, which gives a possible trading interval of +/-$201.21 (+/-2.31%) up or down from last closing price. If AVI Limited takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $8,730.00 (0.03%) than the support at $8,688.00 (0.45%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is AVI Limited stock A Buy?
AVI Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.697 Hold/Accumulate Unchanged
Predicted Opening Price for AVI Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| $8,732.00 ( 0.0573%) | $8,727.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVI.JO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,899.00 | 1.97 % | |
| R2 | 8,835.21 | 1.24 % | ||
| R1 | 8,795.79 | 0.788 % | ||
| Current price: | 8,727.00 | |||
| Support | S1 | 8,668.21 | -0.674 % | |
| S2 | 8,628.79 | -1.13 % | ||
| S3 | 8,565.00 | -1.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,900.00 | 1.98 % | |
| R2 | 8,754.00 | 0.309 % | ||
| R1 | 8,730.00 | 0.0344 % | ||
| Current price | 8,727.00 | |||
| Support | S1 | 8,688.00 | -0.447% | |
| S2 | 8,629.00 | -1.12% | ||
| S3 | 8,486.00 | -2.76% |
AVI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 17, 2024 | Apr 17, 2024 | Apr 22, 2024 | $202.00 | 2.39% |
| 2 | Oct 18, 2023 | Oct 18, 2023 | Oct 18, 2023 | $310.00 | 4.50% |
| 3 | Apr 12, 2023 | Apr 12, 2023 | Apr 12, 2023 | $172.00 | 2.46% |
| 4 | Oct 19, 2022 | Oct 19, 2022 | Oct 19, 2022 | $292.00 | 4.07% |
| 5 | Apr 12, 2022 | Apr 12, 2022 | Apr 12, 2022 | $170.00 | 2.49% |
FAQ
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