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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.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

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).

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
P/E Ratio24.6504Beta1.43
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