Avalon Advanced Materials Inc Forecast and Stock Analysis
Technical AVLNF stock analysis for Friday May 17, 2019.
Avalon Advanced Materials Inc fell by -8.06% in the last day ( Friday, 17th May 2019 ) from $0.04 to $0.03 and has now fallen 3 days in a row. During day the stock fluctuated 26.89% from a day low at $0.03 to a day high of $0.04. The price has fallen in 5 of the last 10 days and is down by -4.06% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -29 334 shares and in total 5 080 shares bought and sold for approximately $168.15.
- 30 day high of the AVLNF stock price was $0.04 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 - $0.09 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 -7.38% during the next 3 months and, with 90% probability hold a price between $0.03 and $0.04 at the end of this period.
There are few to none technical positive signals at the moment. Avalon Advanced Materials Inc holds sales signals from both short- and long-term moving averages. On corrections up there will be some resistance from the lines at $0.04 and $0.04. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Wednesday May 15, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 44 and the stock is currently not being overbought or oversold
Support & Resistance
Avalon Advanced Materials Inc finds support from accumulated volume at $0.03.
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 26.89%. For the last week the stock has had a daily average volatility of 22.07%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
22.07 %Average volatility
Very Low Low Medium High Very High
Avalon Advanced Materials Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our recommendation for this stock since last evaluation from a Strong Sell Candidate to a Sell Candidate.
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|AVLNF $0.03 ($-0.00 -8.06%)|
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