Avalon Advanced Materials Inc Forecast and Stock Analysis
Technical AVLNF stock analysis for March 22, 2019.
Avalon Advanced Materials Inc gained 6.84% in the last trading day, rising from $0.04 to $0.04 The price has risen in 6 of the last 10 days and is up by 0.25% over the past 2 weeks. Volume fell in the last day by -633 193 shares, and in total, 217 109 shares bought and sold for approximately $8 814.62. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the AVLNF stock was $0.04. This is 6.84% more than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 19.41% from a day low at $0.03 to a day high of $0.04.
30 day high of the AVLNF stock price was $0.05 and low was $0.03.
90 day high was $0.05 and low was $0.03.
52 week high for the Avalon Advanced Materials Inc - $0.11 and low - $0.03.
Avalon Advanced Materials Inc 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 -4.05% during the next 3 months and, with 90% probability hold a price between $0.03 and $0.04 at the end of this period.
Avalon Advanced Materials Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $0.04 and $0.04. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday March 21, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
Avalon Advanced Materials Inc finds support from accumulated volume at $0.04.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.01 between high and low, or 19.41%. For the last week the stock has had a daily average volatility of 22.70%.
Our recommended stoploss: $0.04 (-4.28%) (This stock has high daily movements and this gives high risk. There is a buy signal from pivot bottom found 1 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Buy Candidate.