AVIDXCHANGE HOLDINGS INC (AVDX) Stock Technical Analysis
NASDAQ:AVDX - Nasdaq - US05368X1028 - Common Stock - Currency: USD
Overall AVDX gets a technical rating of 7 out of 10. In the last year, AVDX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The long and short term trends are both positive. This is looking good!
AVDX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
AVDX has an average volume of 4313350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, AVDX turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
AVDX is part of the Financial Services industry. There are 101 other stocks in this industry, AVDX did better than 56% of them.
AVDX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AVDX is lagging the market slightly.
Besides having an excellent technical rating, AVDX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 9.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.73, a Stop Loss order could be placed below this zone.
More info and screens
7.67
10.72
We found 3 important support areas.
- A support zone ranging from 9.64 to 9.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.96 from a trend line in the weekly time frame.
- Support @7.75 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 9.74 to 9.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.61 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AVDX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVDX is up. |
| ChartMill Relative Strength | 44.94 | NEUTRAL | AVDX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVDX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVDX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVDX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.36 | OVERBOUGHT | The high RSI value suggests AVDX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AVDX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 98.17 | OVERBOUGHT | The high Stochastics value suggests AVDX may be overbought. |
| Average True Range in percent/ATR (20) | 1.92 | LOW VOLATILITY | The low ATR as a percentage value for AVDX suggests low volalility. |
| Average Directional Index/ADX (14) | 39.75 | POSITIVE | The high ADX value value for AVDX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.76 | 9.71 | 0.05 (0.51%) | 25.00% |
| An entry @9.76. This is a Buy Stop order right above the resistance zone. | An exit @9.71. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.05 points, which is 0.51%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.13%. |
- The distance between exit and entry is rather small compared to the average daily movement of AVDX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
9.74
+0.01 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.1%
1 Week0.1%
2 Weeks0.1%
1 Month23.92%
3 Month5.64%
6 Month-12.8%
12 Month-9.73%
2 Year0.52%
3 Year10.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%1.92%
ATR Inc-86.17%
Range Today0.03
ADR(20)0.11
ADR(20)%1.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.94
Mansfield0.1
10 Day High9.76
10 Day Low9.72
20 Day High9.76
20 Day Low7.81
52 Week High12.93
52 Week Low6.61
CS1 End9.73
CR1 Start9.74
Volume & EV
DER(3)2.58%
DER(5)1.24%
Volume3.32M
Volume Incr-63.78%
Vol(5)2.83M
Vol(50)4.31M