Previous Hold Today AVMXY ranks #1326 as HOLD CANDIDATE #1326 Next Hold

AVMXY stock forecast Avita Medical Ltd (ADR)

AVMXY stock forecast

VOLUME
Buy
TREND
Sell
MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

AVMXY Forecast and Technical Stock Analysis

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Hold candidate since 2019-08-15 Gain 5.67%

Avita Medical Ltd (ADR) gained 5.67% in the last trading day ( Friday, 16th Aug 2019 ), rising from $5.33 to $5.64 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the day the stock fluctuated 3.42% from a day low at $5.56 to a day high of $5.75. The price has been going up and down for this period, and there has been a 8.47% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 9 423 more shares were traded than the day before. In total, 68 980 shares bought and sold for approximately $388 702.00.

Quick summary:

  • 30 day high of the AVMXY stock price was $6.25 and low was $4.51.
  • 90 day high was $6.84 and low was $4.51.
  • 52 week high for Avita Medical Ltd (ADR) - $7.67 and low - $1.06.
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Trend

Avita Medical Ltd (ADR) 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 -9.38% during the next 3 months and, with 90% probability hold a price between $3.99 and $5.63 at the end of this period.

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Signals

A buy signal was issued from a pivot bottom point on Wednesday August 14, 2019, which indicates further gains until a new top pivot has been found. Avita Medical Ltd (ADR) has rising 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Avita Medical Ltd (ADR) holds a buy signal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $5.71. On a fall, the stock will find some support from the short-term average at $5.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 51 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $5.05 and $4.90.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Avita Medical Ltd (ADR) finds support just below today's level at $5.05. If this is broken, then the next support from accumulated volume will be at $4.90 and $4.68.

Support: $5.05 Price: $5.64 Resistance: $5.83

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 $0.19 between high and low, or 3.42%. For the last week, the stock has had a daily average volatility of 4.01%.

Our recommended stop-loss: $5.37 (-4.76%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

4.01 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Upgraded

Evaluation

Avita Medical Ltd (ADR) holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level, we recommend to hold or accumulate in this position whilst awaiting further development.

Previous Hold Today AVMXY ranks #1326 as HOLD CANDIDATE #1326 Next Hold

Will AVMXY stock price go up or down on Mon, 19 Aug 2019?

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