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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 CAR
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Weaker technical forecast for Avis Budget Group as stock downgraded to Hold/Accumulate.
(Updated on Dec 08, 2023)


Buy or Hold candidate since Dec 07, 2023 Loss -0.67% PDF
The Avis Budget Group stock price fell by -0.67005182432079% on the last day (Friday, 8th Dec 2023) from $191.03 to $189.75. During the last trading day the stock fluctuated 3.61% from a day low at $188.58 to a day high of $195.38. The price has fallen in 6 of the last 10 days but is still up by 2.21% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -106 thousand shares and in total, 1 million shares were bought and sold for approximately $248.44 million.

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The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Avis Budget Group stock with a 90% probability to be traded between $160.83 and $201.16 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.

CAR Signals & Forecast

The Avis Budget Group 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 $189.40 and $182.95. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, November 06, 2023, and so far it has fallen -5.33%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Support, Risk & Stop-loss for Avis Budget Group stock

Avis Budget Group finds support from accumulated volume at $189.12 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 $6.80 (3.61%) between high and low. For the last week, the stock has had daily average volatility of 4.95%.

Our recommended stop-loss: $181.55 (-4.32%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)

Trading Expectations (CAR) For The Upcoming Trading Day Of Monday 11th

For the upcoming trading day on Monday, 11th we expect Avis Budget Group to open at $191.24, and during the day (based on 14 day Average True Range), to move between $181.54 and $197.96, which gives a possible trading interval of +/-$8.21 (+/-4.33%) up or down from last closing price. If Avis Budget Group takes out the full calculated possible swing range there will be an estimated 8.65% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $189.12 (0.33%) than the resistance at $191.03 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Avis Budget Group stock A Buy?

Avis Budget Group 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: -0.133 Open Broker Account

Hold/Accumulate Downgraded

Predicted Opening Price for Avis Budget Group of Monday, December 11, 2023

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

Fair opening price December 11, 2023 Current price
$191.24 $189.75 (Undervalued)

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 198.04 4.37 %
R2 195.44 3.00 %
R1 193.83 2.15 %
Current price: 189.75
Support S1 188.64 -0.585 %
S2 187.03 -1.43 %
S3 184.44 -2.80 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 200.02 5.41 %
R2 198.53 4.63 %
R1 191.03 0.675 %
Current price 189.75
Support S1 189.12 -0.332%
S2 186.98 -1.46%
S3 164.00 -13.57%
What is the symbol for Avis Budget Group Stock and on which exchange is it traded?
The symbol for Avis Budget Group is CAR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Avis Budget Group Stock?
Avis Budget Group 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.

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

What's the current price of Avis Budget Group Stock?
As of the end of day on the 2023-12-08, the price of an Avis Budget Group (CAR) share was $189.75.

What is the 52-week high and low for Avis Budget Group Stock?
The 52-week high for Avis Budget Group Stock is $251.26 and the 52-week low is $153.55.

What is the market capitalization of Avis Budget Group Stock?
As of the 2023-12-08, the market capitalization of Avis Budget Group is 6.919B.

When is the next earnings date for Avis Budget Group?
The upcoming earnings date for Avis Budget Group is 2024-02-12 23:00:00.

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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 products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles... CAR Profile

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