Londinia Opportunities Analyses - 06/17/2021 (GMT) AVID TECHNOLOGY INC. - 1H
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 36.52 USD
My targets
40.16 USD (+7.11%)
42.68 USD (+13.85%)
My analysis
The bullish trend is currently very strong on AVID TECHNOLOGY INC.. As long as the price remains above the support at 36.52 USD, you could try to benefit from the boom. The first bullish objective is located at 40.16 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 42.68 USD as an objective. Crossing it would then enable buyers to target 43.94 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.4
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Additional analysis
Quotes
AVID TECHNOLOGY INC. rating 37.49 USD. The price registered an increase of +2.26% on the session and was between 36.49 USD and 37.81 USD. This implies that the price is at +2.74% from its lowest and at -0.85% from its highest.36.49
37.81
37.49
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of AVID TECHNOLOGY INC. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 29.94 | 35.24 | 36.52 | 37.49 | 37.63 | 43.94 | 57.57 |
Change (%) | -20.14% | -6.00% | -2.59% | - | +0.37% | +17.20% | +53.56% |
Change | -7.55 | -2.25 | -0.97 | - | +0.14 | +6.45 | +20.08 |
Level | Major | Major | Intermediate | - | Intermediate | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 34.20 | 34.73 | 35.70 | 36.23 | 37.20 | 37.73 | 38.70 |
Camarilla | 36.25 | 36.39 | 36.52 | 36.66 | 36.80 | 36.94 | 37.07 |
Woodie | 34.41 | 34.84 | 35.91 | 36.34 | 37.41 | 37.84 | 38.91 |
Fibonacci | 34.73 | 35.31 | 35.66 | 36.23 | 36.81 | 37.16 | 37.73 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 29.75 | 31.54 | 34.06 | 35.85 | 38.37 | 40.16 | 42.68 |
Camarilla | 35.41 | 35.80 | 36.20 | 36.59 | 36.99 | 37.38 | 37.78 |
Woodie | 30.13 | 31.72 | 34.44 | 36.03 | 38.75 | 40.34 | 43.06 |
Fibonacci | 31.54 | 33.18 | 34.20 | 35.85 | 37.49 | 38.51 | 40.16 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 14.33 | 17.93 | 24.40 | 28.00 | 34.47 | 38.07 | 44.54 |
Camarilla | 28.11 | 29.03 | 29.96 | 30.88 | 31.80 | 32.73 | 33.65 |
Woodie | 15.78 | 18.65 | 25.85 | 28.72 | 35.92 | 38.79 | 45.99 |
Fibonacci | 17.93 | 21.77 | 24.15 | 28.00 | 31.84 | 34.22 | 38.07 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 61.72 | |
MACD (12,26,9): | 0.4100 | |
Directional Movement: | 8.83 | |
AROON (14): | 42.86 | |
DEMA (21): | 37.00 | |
Parabolic SAR (0,02-0,02-0,2): | 36.22 | |
Elder Ray (13): | 0.62 | |
Super Trend (3,10): | 35.72 | |
Zig ZAG (10): | 37.42 | |
VORTEX (21): | 1.1200 | |
Stochastique (14,3,5): | 84.78 | |
TEMA (21): | 37.28 | |
Williams %R (14): | -12.60 | |
Chande Momentum Oscillator (20): | 1.78 | |
Repulse (5,40,3): | 2.9900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0500 | |
Courbe Coppock: | 1.10 |
MA7: | 36.13 | |
MA20: | 33.25 | |
MA50: | 27.51 | |
MA100: | 24.05 | |
MAexp7: | 36.20 | |
MAexp20: | 36.48 | |
MAexp50: | 35.70 | |
MAexp100: | 34.24 | |
Price / MA7: | +3.76% | |
Price / MA20: | +12.75% | |
Price / MA50: | +36.28% | |
Price / MA100: | +55.88% | |
Price / MAexp7: | +3.56% | |
Price / MAexp20: | +2.77% | |
Price / MAexp50: | +5.01% | |
Price / MAexp100: | +9.49% |
Quotes :
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15 min delayed data
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Actions NASDAQ
News
The latest news and videos published on AVID TECHNOLOGY INC. at the time of the analysis were as follows:
- IT Leasing & Financing Market Growth Report, 2028, by Key Players: Adobe, Avid Technology, Ableton, Cockos & Magix | Radiant Insights, Inc.
- Nutanix Partners With Avid Technology to Deliver Industry-First Hyperconverged Platform for Media and Entertainment Industry
- Avid Technology, Inc. - AVID Stock Chart Technical Analysis for 08-06-2019
- Avid Technology, Inc. - AVID Stock Chart Technical Analysis for 03-15-2019
- Avid Technology Announces Q4 and Full Year 2018 Results