Avinger Inc (AVGR) Stock Technical Analysis
NASDAQ:AVGR - Nasdaq - US0537348775 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to AVGR. AVGR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
98% of all other stocks performed better in the past year than AVGR.
AVGR is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 87% of 189 stocks in the same industry do better.
AVGR is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so AVGR is lagging the market.
AVGR has an average volume of 3817290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month AVGR has a been trading in the 0.36 - 0.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
AVGR has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.47
0.92
When analyzing the resistance we notice one important area.
- Resistance @0.91 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for AVGR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVGR is neutral. |
| ChartMill Relative Strength | 2.15 | NEGATIVE | AVGR has a low relative strength, it was outperformed by 97.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVGR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AVGR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AVGR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 44.37 | NEUTRAL | The RSI value for AVGR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests AVGR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 36.62 | NEUTRAL | The Stochastics value for AVGR is a neutral value. |
| Average True Range in percent/ATR (20) | 19.89 | HIGH VOLATILITY | The high ATR as a percentage value for AVGR suggests high volalility. |
| Average Directional Index/ADX (14) | 20.34 | NEUTRAL | The ADX value for AVGR suggests a possible start of a new 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)
0.474
-0.12 (-20.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-20.74%
1 Week20.8%
2 Weeks-17.57%
1 Month-19.65%
3 Month-40%
6 Month-58.78%
12 Month-84.07%
2 Year-97.1%
3 Year-99.39%
5 Year-99.74%
10 Year-100%
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%19.89%
ATR Inc213.72%
Range Today0.14
ADR(20)0.08
ADR(20)%17.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.15
Mansfield-7.6
10 Day High0.82
10 Day Low0.36
20 Day High0.82
20 Day Low0.36
52 Week High5.45
52 Week Low0.36
CS1 EndN/A
CR1 Start0.91
Volume & EV
DER(3)-2.13%
DER(5)1.69%
Volume2.59M
Volume Incr911.88%
Vol(5)9.19M
Vol(50)3.82M