Stock Forecast Chart
Stock Price Prediction Summary
Forecast Score Based on 2 Weeks
Based on our forecast, the price of AVID will rise by +0.25% over the next 2 Weeks and hit $27.11 by Tuesday, November 21, 2023. In that time frame, AVID's share price is expected to range between $26.13 and $28.05.
BearishAverageBullish| Date | Predicted Lower | Predicted | Predicted Upper |
|---|---|---|---|
| Nov 21, 2023 | 26.11 | 27.11 | 28.11 |
| Nov 20, 2023 | 26.26 | 27.11 | 27.93 |
| Nov 17, 2023 | 26.38 | 27.10 | 27.78 |
| Nov 16, 2023 | 26.49 | 27.08 | 27.65 |
| Nov 15, 2023 | 26.62 | 27.08 | 27.53 |
| Nov 14, 2023 | 26.73 | 27.08 | 27.42 |
AVID shares rose +0.02% in Monday, November 6, 2023's trading session, rising from a previous close of $27.04 to move at $27.05. The stock demonstrated notable intraday movement (see AVID's key stats for a full breakdown), fluctuating between $27.04 and $27.05, a +0.06% trading range. While recent weeks have seen some volatility, AVID has managed to secure a +0.28% gain over the past 2 weeks. The upward price movement was accompanied by decreased trading volume, with approximately 0 shares changing hands, 549.79K fewer than the previous session. This amounted to $0.00 in total market activity.
Will AVID Continue Its Upward Trend?
According to analyst ratings and projections for AVID, Avid Technology, Inc. shares are anticipated to increase by +3.80%, potentially reaching $28.11 per share by November 21, 2023. Short-term technical indicators currently suggest a neutral sentiment for AVID. For deeper insights, view our sentiment analysis on AAPL covering social and institutional perspectives. However, the stock has recorded 15 positive trading days within the past 30 sessions. Based on the AVID stock forecast, now is a good time to buy AVID stock because its current trading price is -0.25% below our predicted value, hinting at a possible overvaluation. For deeper insights, view our sentiment analysis on AVID covering social and institutional perspectives.
AVID Technical Momentum: Overbought, Oversold, or Neutral?
An analysis of Relative Strength Index (RSI) indicators provides insight into AVID's momentum. Short-term RSIs (9, 14, and 20-day figures ranging from 61.91% to 74.50%) suggest the stock is showing bullish momentum with some volatility. The 50-day RSI, at 52.72%, suggests a neutral medium-term outlook. Additionally, the 100-day RSI, at 50.51%, maintains a neutral outlook for the long term. Insights into AVID's shareholder base show how institutional investors are positioning themselves during these momentum shifts
Avid Technology, Inc. Monthly Forecast 2024
September 2024
According to our latest forecast models, Avid Technology, Inc. (AVID) is positioned to show a strong performance in September 2024. The price is predicted to move between $32.94 and $39.84, settling at an average of $36.34. This could translate to a +34.37% gain.
October 2024
Based on current market signals, Avid Technology, Inc. is projected to trend october 2024. We forecast a trading range from $28.27 to $39.99, with a likely average price of $34.90. Investors could expect a potential return of +29.04%.
November 2024
Our predictive algorithms indicate Avid Technology, Inc. stock may see a shift in November 2024. The expected range spans $31.26–$36.35, with an average target of $33.76. This represents a positive outlook and a possible gain of +24.83%.
AVID's history of dividends and stock splits also plays a role in long-term investor confidence.