AVGCF is trading within its price channel. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the price action over the last 14 week period. The current Significant Point, above which a reversal to the bullish side would occur, is 1.54.
The On Balance Volume indicator (OBV) shows that longer term accumulation has given way to near term selling pressure.
The RSI recently crossed above the critical value of 30, which indicates that the selling pressure has lessened and that the internal strength of AVGCF has increased. This is a positive signal and suggests that, at least in the near-term, a bottom has formed.
The MACD for AVGCF currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-week moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.
The Stochastic Oscillator is registering a weak bullish signal as the %K has crossed above the %D. However, the oscillator is currently below the critical value of 20, indicating AVGCF as oversold. An oversold condition suggests that the recent downwards momentum may not be sustainable. The oscillator moving above 20 will increase the bullishness of this signal.
The +DI line is below the -DI line and the ADX is greater than 20. This is a bearish signal that indicates the stock is in a confirmed downtrend.
According to the %R which is currently at -81.98%, below the critical value of -80, AVGCF may be oversold. While this does not signal that shares will begin to rally, it is unlikely that selling pressure can continue at this level.
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