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Stock Trend Analysis Report

Prepared for you on Wednesday, March 29, 2023.

Avid Technology, Inc. (NASDAQ:AVID)

Bull Market Weakness (+75) - AVID is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on AVID as it may be in the beginning stages of a reversal.

Is it time to buy, sell, or avoid AVID?

MarketClub looks at technical strength and momentum to determine if the timing is right for AVID.

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NASDAQ_AVID
Open High Low AVID Price Change
30.15 30.51 29.89 30.22 -0.10
Entry Signal

MarketClub’s Trade Triangles for AVID

long term up The long-term trend has been UP since Dec 1st, 2022 at 28.900

intermediate term down The intermediate-term trend has been DOWN since Feb 10th, 2023 at 28.230

short term up The short-term trend has been UP since Mar 27th, 2023 at 30.275

Smart Scan Analysis for AVID

Based on our trend formula, AVID is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for AVID
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
30.15 30.51 29.89 30.22 -0.10
Prev. Close Volume Bid Ask Time
30.22 142834 2023-03-28 15:59:59
Year High6.99Year High Date2018-11-16
Year Low4.26Year Low Date2018-03-23
52wk High37.2552wk High Date2022-04-14
52wk Low20.8352wk Low Date2022-05-12
Year End Close7.58Average Volume240,105
Shares Outstanding43,777Short Interest665,442
% Institutional91.4Market Cap285M
Assets287,453,000MLiabilities406,235,000M
P/E Ratio24.6504Beta1.43
Volatility58.29
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