AWX - Avalon Holdings Corp

Exchange: NYSE

AWX - Avalon Holdings Corp

Exchange: NYSE
#2188()/7029

Tue 31'st Jul 2018

PERIOD 2018-05-02 - 2018-07-31
CHANGE -39.44%
PRICE $3.67
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

0.00%

Avalon Holdings Corp Stock Analysis

Technical stock analysis for Tue 31'st Jul 2018

Buy candidate since 2018-07-20 Gain 66.06%
Shorts 0.02% ( 2018-07-13 )
Cash n/a
Loans n/a
Beta 0.62
ROA -0.28

Avalon Holdings Corp fell by -39.44% in the last day from $6.06 to $3.67 and has now fallen 3 days in a row. The price has risen in 6 of the last 10 days and is up by 66.82% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.72 million shares and in total 3.96 million shares bought and sold for approximately $14.54 million.

Trend

Avalon Holdings Corp lies in the lower part of a very wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $2.37 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 20.52% during the next 3 months and, with 90% probability hold a price between $2.86 and $12.42 at the end of this period.

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Signals

Avalon Holdings Corp holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $5.08. On a fall, the stock will find some support from the long-term average at approximately $2.77. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday July 27, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 55 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $3.35.

With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.00 may give a huge drop in the stock price.

Support: $3.35 Price: $3.67 Resistance: $4.32

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 $2.50 between high and low, or 75.76%. For the last week, the stock has had a daily average volatility of 101.90%.

Our recommended stoploss: $3.45 (-5.90%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

Buy Candidate

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