AVIDXCHANGE HOLDINGS INC (AVDX) Stock Technical Analysis
NASDAQ:AVDX - US05368X1028 - Common Stock
9.93 USD
+0.01 (+0.1%)
9.92 USD
-0.01 (-0.1%)
Taking everything into account, AVDX scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AVDX is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
AVDX is one of the better performing stocks in the Financial Services industry, it outperforms 73% of 100 stocks in the same industry.
AVDX has an average volume of 1920870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that AVDX is one of the better performing stocks in the market, outperforming 70% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
AVDX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AVDX is lagging the market.
In the last month AVDX has a been trading in a tight range between 9.85 and 9.94.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, AVDX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 9.94. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.91, a Stop Loss order could be placed below this zone.
More info and screens
9.64
10.12
We found 1 important support area.
- A support zone ranging from 9.74 to 9.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.94 to 10.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 70.66 | POSITIVE | AVDX has a high relative strength, it outperformed 70.66% off all stocks 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) | 73.31 | OVERBOUGHT | The high RSI value suggests AVDX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests AVDX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 79.17 | NEUTRAL | The Stochastics value for AVDX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for AVDX suggests low volalility. |
| Average Directional Index/ADX (14) | 45.6 | 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 |
|---|---|---|---|
| 9.95 | 9.88 | 0.07 (0.70%) | 25.00% |
| An entry @9.95. This is a Buy Stop order right above the 10 day high. | An exit @9.88. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.70%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
9.93
+0.01 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.1%
1 Week0.2%
2 Weeks0.2%
1 Month0.71%
3 Month1.43%
6 Month30.66%
12 Month23.05%
2 Year-3.4%
3 Year27.47%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.21%
ATR Inc-57.56%
Range Today0.01
ADR(20)0.02
ADR(20)%0.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.66
Mansfield-0.3
10 Day High9.94
10 Day Low9.89
20 Day High9.94
20 Day Low9.85
52 Week High11.68
52 Week Low6.61
CS1 End9.91
CR1 Start9.94
Volume & EV
DER(3)2.11%
DER(5)2.16%
Volume839.90K
Volume Incr-39.89%
Vol(5)1.22M
Vol(50)1.92M