AVID TECHNOLOGY INC (AVID) Stock Technical Analysis
NASDAQ:AVID - Nasdaq - US05367P1003 - Common Stock - Currency: USD
Taking everything into account, AVID 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, AVID is only an average performer.
The long and short term trends are both positive. This is looking good!
AVID is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 80% of 32 stocks in the same industry.
When compared to the yearly performance of all other stocks, AVID outperforms 53% of them, which is more or less in line with the market.
AVID is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
In the last month AVID has a been trading in a tight range between 26.85 and 27.05.
Besides having an excellent technical rating, AVID 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 27.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.00, a Stop Loss order could be placed below this zone.
More info and screens
22.85
31.10
We found 2 important support areas.
- A support zone ranging from 26.75 to 27.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.08 to 23.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 27.05 to 27.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.79 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.32
Mansfield-0.49
10 Day High27.05
10 Day Low26.96
20 Day High27.05
20 Day Low26.85
52 Week High33.41
52 Week Low19.78
Performance
1 Week0.15%
2 Weeks0.22%
1 Month0.63%
3 Month1.43%
6 Month33.01%
12 Month-2.28%
2 Year-15.66%
3 Year122.55%
5 Year319.88%
10 Year290.19%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)68.35
LBB26.91
UBB27.06
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 |
|---|---|---|---|
| 27.06 | 26.95 | 0.11 (0.41%) | 25.00% |
| An entry @27.06. This is a Buy Stop order right above the 10 day high. | An exit @26.95. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.11 points, which is 0.41%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- 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.
27.04
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg0%
1 Week0.15%
2 Weeks0.22%
1 Month0.63%
3 Month1.43%
6 Month33.01%
12 Month-2.28%
2 Year-15.66%
3 Year122.55%
5 Year319.88%
10 Year290.19%
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.16%
ATR Inc-18.33%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.32
Mansfield-0.49
10 Day High27.05
10 Day Low26.96
20 Day High27.05
20 Day Low26.85
52 Week High33.41
52 Week Low19.78
CS1 End27
CR1 Start27.05
Volume & EV
DER(3)-3.96%
DER(5)-1.98%
Volume628.90K
Volume Incr-1.88%
Vol(5)591.86K
Vol(50)515.69K