Avantor stock: buy or sell
Apr 16th, 2021
Avantor stock brief
- After reaching all-time highs last Tuesday, Avantor closed at $32.91 growing a 2.05%
- On April 8, it broke out above $31.05, a resistance not crossed since last February.
Should I buy Avantor stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $AVTR stock a buy?
In the current situation of Avantor there is not any eligible buy setup. This doesn't mean we expect a selloff for $AVTR in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems
Should I sell Avantor stock?
Knowing when to sell a stock is even more difficult than knowing when to buy it. Trading strategies prevent us from making impetuous decisions based on our moods or the noise surrounding the market. We like very simple setups to guide us on when is a good time to sell a stock. Be aware that these setups are not intended for selling short $AVTR stock
As a rule of thumb, you should not keep an investment that yields higher than expected losses upon the buy. The moment to sell shares should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Avantor stock?
In the current situation of Avantor there is not any eligible sell setup, so Avantor stock holders with operations in green can keep their positions
We don't have any rating posted in the last month for Avantor
Avantor stock analysis
$AVTR at new Highs
Last Tuesday, Avantor marked new all-time highs (ATH) again at $33.30. It's the third time in the last 10 sessions, marking an important rally
Supports and resistances
Price is at highs and there are not upper resistance levels.
The current supports are:
Since the price surpassed the upper band last Tuesday, the price has corrected downwards by 1.17%. The price is trading very close to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a bearish indicator, as price can trade in these levels for many days and weeks
Relative strength index
The RSI dropped below the overbought level of 70 on Wednesday after just crossing to the overbough zone for a single day (weak signal). The RSI value on Thursday was 69.09
Avantor stock price history
Avantor IPO was on May 17th, 2019 at $14.72 per share1. Since then, AVTR stock has risen by 123.57%, with an average of 123.57% per year. An investment of $1,000USD on the IPO would have a value of $2,235.73 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Avantor stock
How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts posted by financial institutions in the last 30 days. Again, these predictions are not direct recommendations for individual investors and must not be trusted blindly.
In the previous 30 days we couldn't find any price target posted for Avantor stock.
Earnings and financials
Financial event was hosted by Avantor ($AVTR) last February after releasing the financial report. Avantor reported earnings of $0.29 per share on sales of $1.8 billion. The Wall St estimate was $0.26 per share on revenue of $1.7 billion.Same quarter one year ago, reported EPS was $0.19, so current EPS means an improvement of 52.63%. Revenue exploded a 17.51% on an annualized basis in the , from $15.2B to $17.9B last quarter.
Avantor ($AVTR) is hosting the Q1 earnings call on April 28. Estimated for this quarter is $0.28, compared to $0.29 that was reported for Q4.
Important:The comments given in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not have an understanding of the particular situations of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Thoughts are provided for general educational motives only
|Thursday, April 15th, 2021|
|Day range||$32.41 - $32.99|
|Average true range||$1.13|
|50d mov avg||$29.12|
|100d mov avg||$28.55|
|200d mov avg||$25.33|
|Earnings date||April 28th, 2021|