AVGCF closed below its 10 week simple moving average. This is generally considered to be an indication of a bearish trend.
AVGCF's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower bands that make up the price channel. Additionally, AVGCF is trading below its 14 week price channel. This means that the stock is trading at a new low for the period and the price channel will update to reflect that.
Monday, AVGCF closed below the trigger point for the Parabolic SAR and is currently registering a bearish signal. The current Significant Point, above which a reversal to the bullish side would occur, is 1.18.
The (OBV) presently offers a bearish signal. This is because the slope of the indicator is negative and suggests that there is a lack of buying interest.
The RSI, is currently at 12.86%, below the critical value of 30, which suggests that AVGCF is oversold. Although this does not necessarily mean that shares will rally, it is an indication that recent selling pressure is at a level that is not normally sustainable.
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..Williams %R which is currently at -99.18%, 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.
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. S-trade
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