Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE -4.76%
PRICE $1.40
VOLUME
Buy
TREND
Sell

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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Avinger Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Sell candidate since 2018-09-18
Shorts 1.71% ( 2018-08-31 )
Cash 10.2 mill
Loans 43.3 mill
Beta 0.81
ROA -182.61

Avinger fell by -4.76% in the last day from $1.47 to $1.40 The price has fallen in 7 of the last 10 days and is down by -12.5% for this period. Volume has increased in the last day by 60 873 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 204 556 shares bought and sold for approximately $286 378.00.

Trend

Avinger 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 -12.82% during the next 3 months and, with 90% probability hold a price between $0.93 and $1.44 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Wednesday September 05, 2018, which indicates further falls until a new bottom pivot has been found. Avinger gained volume on the last day, but on falling prices. In technical terms this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-off's". Avinger holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.50. On a fall, the stock will find some support from the long-term average at approximately $1.37. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

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Relative Strength Index (RSI)

RSI14 is 43 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Avinger finds support from accumulated volume at $1.39.

Support: $1.39 Price: $1.40 Resistance: $1.43

Risk

This stock may move much during a 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 $0.10 between high and low, or 7.35%. For the last week, the stock has had a daily average volatility of 5.87%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Avinger holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Sell Candidate.

Sell Candidate

Click for Top 5 Sell Candidates
AVGR $1.40 $-0.07(-4.76%)
AVGR is down $0.07 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for AVGR based on the 1-3 month system that more than doubles the S&P 500.

Click here – the AVGR analysis is free »
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