Avista Corporation Stock Forecast
Red day on Thursday for Avista Corporation
(Updated on Apr 25, 2024)
The Avista Corporation stock price fell by -0.587% on the last day (Thursday, 25th Apr 2024) from $35.79 to $35.58. During the last trading day the stock fluctuated 1.07% from a day low at $35.44 to a day high of $35.82. The price has risen in 6 of the last 10 days and is up by 4.22% 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 -37 thousand shares and in total, 374 thousand shares were bought and sold for approximately $13.30 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $35.82 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.56% during the next 3 months and, with a 90% probability hold a price between $34.80 and $37.45 at the end of this 3-month period.
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AVA Signals & Forecast
The Avista Corporation 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 $35.07 and $34.38. 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 Wednesday, April 24, 2024, and so far it has fallen -0.587%. 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. The stock had a Golden Star Signal on Tuesday, March 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, April 18, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, March 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, April 18, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, March 05, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Thursday, April 18, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Avista Corporation stock
Avista Corporation finds support from accumulated volume at $34.33 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 $0.380 (1.07%) between high and low. For the last week, the stock has had daily average volatility of 1.84%.
Our recommended stop-loss: $34.13 (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (AVA) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Avista Corporation to open at $35.61, and during the day (based on 14 day Average True Range), to move between $34.89 and $36.27, which gives a possible trading interval of +/-$0.687 (+/-1.93%) up or down from last closing price. If Avista Corporation takes out the full calculated possible swing range there will be an estimated 3.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $35.79 (0.59%) than the support at $34.33 (3.51%), 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.
Earnings coming up
Avista Corporation will release earnings BMO on Wednesday, May 01, 2024.The consensus among the analysts for the expected earnings (EPS) is $1.14. We will update the financials statements for Avista Corporation, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.46% in the first trading day after earnings release.
Is Avista Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Avista Corporation stock to perform well in the short-term.
Current score: 1.550 Buy Candidate Unchanged
Predicted Opening Price for Avista Corporation of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| $35.61 ( 0.0937%) | $35.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.99 | 1.16 % | |
| R2 | 35.85 | 0.754 % | ||
| R1 | 35.76 | 0.502 % | ||
| Current price: | 35.58 | |||
| Support | S1 | 35.47 | -0.314 % | |
| S2 | 35.38 | -0.566 % | ||
| S3 | 35.23 | -0.97 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 35.79 | 0.590 % | ||
| Current price | 35.58 | |||
| Support | S1 | 34.33 | -3.51% | |
| S2 | 33.94 | -4.61% | ||
| S3 | 33.71 | -5.26% |
AVA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 07, 2024 | Feb 22, 2024 | Mar 15, 2024 | $0.475 | 1.40% |
| 2 | Nov 02, 2023 | Nov 16, 2023 | Dec 15, 2023 | $0.460 | 1.32% |
| 3 | Aug 03, 2023 | Aug 17, 2023 | Sep 15, 2023 | $0.460 | 1.32% |
| 4 | May 11, 2023 | May 25, 2023 | Jun 15, 2023 | $0.460 | 1.15% |
| 5 | Feb 02, 2023 | Feb 16, 2023 | Mar 15, 2023 | $0.460 | 1.11% |
FAQ
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