RSI low/high Values: [ 20 - 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 AVGR
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Volatile ride for Avinger stock price on Thursday moving between $2.93 and $3.27
(Updated on Mar 28, 2024)

Sell candidate since Mar 21, 2024 Gain 6.13% PDF

The Avinger stock price gained 5.41% on the last trading day (Thursday, 28th Mar 2024), rising from $2.94 to $3.10. During the last trading day the stock fluctuated 11.60% from a day low at $2.93 to a day high of $3.27. The price has risen in 6 of the last 10 days and is up by 7.6% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 32 thousand shares were bought and sold for approximately $98.11 thousand.

The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.87 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.93% during the next 3 months and, with a 90% probability hold a price between $3.15 and $6.24 at the end of this 3-month period.

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AVGR Signals & Forecast

There are mixed signals in the stock today. The Avinger stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $3.28. On a fall, the stock will find some support from the short-term average at $3.00. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -43.13%. 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). Avinger has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Avinger stock

Avinger finds support from accumulated volume at $3.06 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 $0.340 between high and low, or 11.60%. For the last week, the stock has had daily average volatility of 6.66%.

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

Trading Expectations (AVGR) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Avinger to open at $3.10, and during the day (based on 14 day Average True Range), to move between $2.78 and $3.42, which gives a possible trading interval of +/-$0.320 (+/-10.33%) up or down from last closing price. If Avinger takes out the full calculated possible swing range there will be an estimated 20.66% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $3.06 (1.13%) than the resistance at $3.30 (6.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Avinger stock A Buy?

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.

Current score: -1.798 Sell Candidate Unchanged

Predicted Opening Price for Avinger of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$3.10 ( 0.0215%) $3.10

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

Trading levels for AVGR

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 3.44 10.99 %
R2 3.31 6.80 %
R1 3.23 4.21 %
Current price: 3.10
Support S1 2.97 -4.17 %
S2 2.89 -6.76 %
S3 2.76 -10.95 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 3.56 14.88 %
R2 3.38 9.07 %
R1 3.30 6.49 %
Current price 3.10
Support S1 3.06 -1.13%
S2 2.92 -5.78%
S3 2.78 -10.29%

FAQ

What is the symbol for Avinger Stock and on which exchange is it traded?
The symbol for Avinger is AVGR and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Avinger Stock?
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.

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

What's the current price of Avinger Stock?
As of the end of day on the 2024-03-28, the price of an Avinger (AVGR) share was $3.10.

What is the 52-week high and low for Avinger Stock?
The 52-week high for Avinger Stock is $14.00 and the 52-week low is $0.340.

What is the market capitalization of Avinger Stock?
As of the 2024-03-28, the market capitalization of Avinger is 5.005M.

When is the next earnings date for Avinger?
The upcoming earnings date for Avinger is May 08, 2024.
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About Avinger

Avinger Avinger, Inc., a commercial-stage medical device company, designs, manufactures, and sells a suite of image-guided and catheter-based systems used by physicians to treat patients with peripheral arterial disease (PAD) in the United States and internationally. It develops lumivascular platform that integrates optical coherence tomography visualization with interventional catheters to provide real-time intravascular imaging during the treatment por... AVGR Profile

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