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$31.31 (1.23%)

Volume: 76k

Closed: Dec 08, 2021

Hollow Logo Score: 0.946

Aviat Networks Stock Forecast

$31.31 (1.23%)

Volume: 76k

Closed: Dec 08, 2021

Score Hollow Logo 0.946
Which way will AVNW go? Request
Stop-loss: $30.02 (-4.13%)
Key Stats
P/E Ratio 3.18
Beta 2.39
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 52 and the stock is currently not being overbought or oversold

Aviat Networks stock downgraded from Buy Candidate to Hold/Accumulate after Wednesday trading session.
(Updated on Dec 08, 2021)


Buy or Hold candidate since 2021-12-07 Gain 1.23%

The Aviat Networks stock price gained 1.23% on the last trading day (Wednesday, 8th Dec 2021), rising from $30.93 to $31.31. , and has now gained 3 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 day the stock fluctuated 3.98% from a day low at $30.94 to a day high of $32.17. The price has been going up and down for this period, and there has been a -0.22% loss for the last 2 weeks. Volume fell on the last day by -174 thousand shares and in total, 76 thousand shares were bought and sold for approximately $2.39 million. 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 lies in the middle of a 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 -11.74% during the next 3 months and, with a 90% probability hold a price between $23.58 and $29.15 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

The Aviat Networks stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $30.50 and $30.73. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, October 29, 2021, and so far it has risen 9.48%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss

Aviat Networks finds support from accumulated volume at $30.67 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.23 between high and low, or 3.98%. For the last week, the stock has had a daily average volatility of 4.19%.

Our recommended stop-loss: $30.02 (-4.13%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)

Is Aviat Networks stock A Buy?

Aviat Networks 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.946

Predicted Opening Price for Aviat Networks of Thursday, December 9, 2021

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

Fair opening price December 9, 2021 Current price
$31.47 $31.31 (Undervalued)
Hold/Accumulate Downgraded

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Analyst Ratings

On Oct 04, 2021 "Northland Securities" gave "$45.00 - $50.00" rating for AVNW. The price target was set to $33.60+2.3%.

Volatility and Risk
Daily Average Volatility: 4.19 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.19 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $32.19
Price: $31.31
Support: $30.67

AVNW Insider Trading Show all Trades

INSIDER POWER

1.279

Last 100 transactions
Buy: 407 766 | Sell: 318 803 (Shares)
Date Action Amount Person Type
Dec 03, 2021 Buy 1 000 Gray David M Common Stock
Nov 29, 2021 Buy 2 000 Singh Somesh Common Stock
Nov 15, 2021 Sell 5 755 Tucker Bryan Non-Qualified Stock Option (right to buy)
Nov 15, 2021 Sell 5 755 Tucker Bryan Common Stock
Nov 15, 2021 Buy 5 755 Tucker Bryan Common Stock
Show all Insider Trades
INSIDER POWER

1.279

Last 100 transactions
Buy: 407 766 | Sell: 318 803 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 32.70 4.45 %
32.23 2.95 %
31.94 2.02 %
Current price: 31.31
Support 31.00 -0.98 %
30.71 -1.91 %
30.24 -3.41 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 32.81 4.79 %
32.25 3.00 %
32.19 2.81 %
Current price 31.31
Support 30.67 -2.04%
30.24 -3.42%
30.08 -3.93%

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About Aviat Networks

Aviat Networks Aviat Networks, Inc. designs, manufactures, and sells a range of wireless networking products, solutions, and services worldwide. Its products include broadband wireless access base stations and customer premises equipment for fixed and mobile; and point-to-point digital microwave transmission systems designed for first/last mile access, middle mile/backhaul, and long distance trunking applications, as well as supports new network deployments, ne... Read more

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