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

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

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