Avis Budget Group Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Avis Budget Group stock after losing 0.707%
(Updated on May 10, 2024)
The Avis Budget Group stock price fell by -0.707% on the last day (Friday, 10th May 2024) from $120.21 to $119.36. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.53% from a day low at $117.44 to a day high of $121.59. The price has been going up and down for this period, and there has been a 18.47% gain for the last 2 weeks. Volume has increased on the last day by 4 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, 432 thousand shares were bought and sold for approximately $51.52 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 -2.98% during the next 3 months and, with a 90% probability hold a price between $91.38 and $158.48 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 $118.92 and $113.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 25.97%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Avis Budget Group stock
Avis Budget Group finds support from accumulated volume at $113.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 $4.15 between high and low, or 3.53%. For the last week, the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: $116.21 (-2.64%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (CAR) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Avis Budget Group to open at $119.46, and during the day (based on 14 day Average True Range), to move between $113.70 and $125.02, which gives a possible trading interval of +/-$5.66 (+/-4.74%) up or down from last closing price. If Avis Budget Group takes out the full calculated possible swing range there will be an estimated 9.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $119.91 (0.46%) than the support at $113.77 (4.68%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Avis Budget Group stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.689 Buy Candidate Unchanged
Predicted Opening Price for Avis Budget Group of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| $119.46 ( 0.0866%) | $119.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAR
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.61 | 3.56 % | |
| R2 | 122.03 | 2.24 % | ||
| R1 | 121.05 | 1.41 % | ||
| Current price: | 119.36 | |||
| Support | S1 | 117.88 | -1.24 % | |
| S2 | 116.90 | -2.06 % | ||
| S3 | 115.31 | -3.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 129.81 | 8.76 % | |
| R2 | 121.08 | 1.44 % | ||
| R1 | 119.91 | 0.461 % | ||
| Current price | 119.36 | |||
| Support | S1 | 113.77 | -4.68% | |
| S2 | 105.04 | -12.00% | ||
| S3 | 99.57 | -16.58% |
CAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 05, 2023 | Dec 14, 2023 | Dec 21, 2023 | $10.00 | 5.41% |
| 2 | Feb 09, 2006 | Feb 23, 2006 | Mar 14, 2006 | $0.176 | 0.654% |
| 3 | Oct 19, 2005 | Nov 17, 2005 | Dec 13, 2005 | $0.176 | 0.665% |
| 4 | Jul 19, 2005 | Aug 18, 2005 | Sep 13, 2005 | $0.176 | 0.544% |
| 5 | Apr 26, 2005 | May 19, 2005 | Jun 14, 2005 | $0.144 | 0.413% |
FAQ
Click here for our free guide on how to buy Avis Budget Group Stock.
