RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AVNS
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Avanos Medical Inc. stock price up 1.58% on Wednesday
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 21, 2024 Gain 2.10% PDF

The Avanos Medical Inc. stock price gained 1.58% on the last trading day (Wednesday, 27th Mar 2024), rising from $19.59 to $19.90. During the last trading day the stock fluctuated 1.42% from a day low at $19.76 to a day high of $20.04. The price has risen in 7 of the last 10 days and is up by 1.84% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 139 thousand shares were bought and sold for approximately $2.77 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.90% during the next 3 months and, with a 90% probability hold a price between $16.85 and $21.45 at the end of this 3-month period.

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AVNS Signals & Forecast

The Avanos Medical Inc. 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 $19.57 and $19.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, January 04, 2024, and so far it has risen 10.74%. 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).

Support, Risk & Stop-loss for Avanos Medical Inc. stock

Avanos Medical Inc. finds support from accumulated volume at $19.50 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 $0.280 (1.42%) between high and low. For the last week, the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: $19.12 (-3.90%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 57 days ago.)

Trading Expectations (AVNS) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Avanos Medical Inc. to open at $19.90, and during the day (based on 14 day Average True Range), to move between $19.41 and $20.39, which gives a possible trading interval of +/-$0.491 (+/-2.47%) up or down from last closing price. If Avanos Medical Inc. takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $19.50 (2.01%) than the resistance at $21.71 (9.10%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Avanos Medical Inc. stock A Buy?

Avanos Medical Inc. 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: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Avanos Medical Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$19.90 ( 0%) $19.90

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

Trading levels for AVNS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 20.18 1.41 %
R2 20.07 0.87 %
R1 20.01 0.537 %
Current price: 19.90
Support S1 19.79 -0.537 %
S2 19.73 -0.87 %
S3 19.62 -1.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 22.75 14.32 %
R2 22.68 13.97 %
R1 21.71 9.10 %
Current price 19.90
Support S1 19.50 -2.01%
S2 19.13 -3.87%
S3 19.01 -4.47%

FAQ

What is the symbol for Avanos Medical Inc. Stock and on which exchange is it traded?
The symbol for Avanos Medical Inc. is AVNS and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Avanos Medical Inc. Stock?
Avanos Medical Inc. 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.

How to buy Avanos Medical Inc. Stock?
Avanos Medical Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Avanos Medical Inc. Stock.

What's the current price of Avanos Medical Inc. Stock?
As of the end of day on the 2024-03-27, the price of an Avanos Medical Inc. (AVNS) share was $19.90.

What is the 52-week high and low for Avanos Medical Inc. Stock?
The 52-week high for Avanos Medical Inc. Stock is $31.31 and the 52-week low is $17.24.

What is the market capitalization of Avanos Medical Inc. Stock?
As of the 2024-03-27, the market capitalization of Avanos Medical Inc. is 919.44M.

When is the next earnings date for Avanos Medical Inc.?
The upcoming earnings date for Avanos Medical Inc. is May 01, 2024.
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About Avanos Medical Inc.

Avanos Medical. Avanos Medical, Inc., a medical technology company, focuses on delivering medical device solutions in North America, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. It offers a portfolio of chronic care products that include digestive health products, such as Mic-Key enteral feeding tubes, Corpak patient feeding solutions, and NeoMed neonatal and pediatric feeding solutions; and respiratory health products, such as closed ai... AVNS Profile

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