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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.
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MarketClub’s Trade Triangles for AVID
The long-term trend has been UP since Dec 1st, 2022 at 28.900
The intermediate-term trend has been DOWN since Feb 10th, 2023 at 28.230
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).
| 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 High | 6.99 | Year High Date | 2018-11-16 |
| Year Low | 4.26 | Year Low Date | 2018-03-23 |
| 52wk High | 37.25 | 52wk High Date | 2022-04-14 |
| 52wk Low | 20.83 | 52wk Low Date | 2022-05-12 |
| Year End Close | 7.58 | Average Volume | 240,105 |
| Shares Outstanding | 43,777 | Short Interest | 665,442 |
| % Institutional | 91.4 | Market Cap | 285M |
| Assets | 287,453,000M | Liabilities | 406,235,000M |
| P/E Ratio | 24.6504 | Beta | 1.43 |
| Volatility | 58.29 |