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$248.15 (-1.86%)

Volume: 765k

Closed: Dec 08, 2021

Hollow Logo Score: -3.565

Avis Budget Group Stock Forecast

$248.15 (-1.86%)

Volume: 765k

Closed: Dec 08, 2021

Score Hollow Logo -3.565
Which way will CAR go? Request
Key Stats
P/E Ratio 17.56
Beta 1.89
* 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 42 and the stock is currently not being overbought or oversold

Avis Budget Group stock downgraded to Sell Candidate
(Updated on Dec 08, 2021)


Sell candidate since 2021-12-08

The Avis Budget Group stock price fell by -1.86% on the last day (Wednesday, 8th Dec 2021) from $252.86 to $248.15. and has now fallen 3 days in a row. During the day the stock fluctuated 7.18% from a day low at $242.00 to a day high of $259.38. The price has fallen in 6 of the last 10 days and is down by -19.36% for this period. Volume has increased on the last day by 47 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 765 thousand shares were bought and sold for approximately $189.80 million.

Given the current short-term trend, the stock is expected to rise 115.07% during the next 3 months and, with a 90% probability hold a price between $533.70 and $975.22 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The Avis Budget Group stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $260.50 and $251.94. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, November 02, 2021, and so far it has fallen -30.52%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $17.38 between high and low, or 7.18%. For the last week, the stock has had a daily average volatility of 9.03%.

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

Is Avis Budget Group stock A Buy?

The Avis Budget Group stock holds several negative signals and despite the positive trend, we believe Avis Budget Group will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -3.565

Predicted Opening Price for Avis Budget Group 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
$249.84 $248.15 (Undervalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 16, 2021 "Barclays" gave "$125.00 - $217.00" rating for CAR. The price target was set to $279.83+2.2%.

Volatility and Risk
Daily Average Volatility: 9.03 %
Overall Risk: Very High High Medium Low Very Low
Volatility
9.03 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $253.27
Price: $248.15
No Support Found

CAR Insider Trading Show all Trades

INSIDER POWER

0.850

Last 100 transactions
Buy: 1 395 892 | Sell: 1 641 286 (Shares)
Date Action Amount Person Type
Dec 03, 2021 Sell 1 Srs Investment Management, Llc Equity Swap (obligation to buy)
Dec 03, 2021 Sell 1 Srs Investment Management, Llc Equity Swap (obligation to buy)
Dec 03, 2021 Sell 50 503 Srs Investment Management, Llc Common Stock
Dec 03, 2021 Buy 50 503 Srs Investment Management, Llc Common Stock
Dec 01, 2021 Sell 3 751 Ferraro Joseph A. Restricted Stock Units
Show all Insider Trades
INSIDER POWER

0.850

Last 100 transactions
Buy: 1 395 892 | Sell: 1 641 286 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 267.22 7.69 %
260.58 5.01 %
256.48 3.36 %
Current price: 248.15
Support 243.20 -1.99 %
239.10 -3.65 %
232.46 -6.32 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 298.09 20.12 %
272.14 9.67 %
253.27 2.06 %
Current price 248.15
Support 0 .
0 .
0 .

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About Avis Budget Group

Avis Budget Group Avis Budget Group, Inc., together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary services to businesses and consumers worldwide. The company operates through Americas and International segments. It operates the Avis car rental system with approximately 5,550 locations that supply rental cars to the premium commercial and leisure segments of the travel industry; the Budget vehicle rental system with approximately... Read more

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