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AVTR Stock Tickeron detected bearish Stock Pattern: Triangle Symmetrical Bottom AVTR on February 06, 2025, netting in a 9.82% gain over 1 month

A.I.dvisor
at Tickeron.com
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+9.82% Gain from a Successful pattern Triangle Symmetrical Bottom
AVTR - Avantor
Tickeron
Ticker: AVTR
Company: Avantor
Gain from shortening: +9.82%
Confirmed: 02/06/25
Succeeded: 02/10/25
Total length: 42 days
On December 30, 2024, A.I.dvisor detected a Triangle Symmetrical Bottom Pattern (Bearish) for Avantor (AVTR, $21.08). 38 days later, on February 06, 2025, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On February 10, 2025, the stock hit the target price of $19.02 – resulting in a gain for traders who shorted the stock on the pattern detection date.

AVTR sees MACD Histogram just turned negative

AVTR saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on February 03, 2025. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 47 instances where the indicator turned negative. In of the 47 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on February 05, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on AVTR as a result. In of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

AVTR moved below its 50-day moving average on February 06, 2025 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for AVTR crossed bearishly below the 50-day moving average on February 10, 2025. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where AVTR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 11 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AVTR advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .

AVTR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 286 cases where AVTR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

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AVTR
Daily Signalchanged days ago
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General Information

a manufacturer of laboratory chemicals

Industry

Profile
Fundamentals
Details
Industry
N/A
Address
100 Matsonford Road
Phone
+1 610 386-1700
Employees
14500
Web
https://www.avantorsciences.com