Avantor stock: buy or sell
Jan 27th, 2021
Avantor stock brief
- After hitting new all-time highs on Monday, Avantor closed on Tuesday at $29.92 collapsing a -2.51%
- The stock is configuring an uptrend pattern since June 2020, when it bottomed at $16.37. This uptrend marked a 82.77% gain
- Avantor, Inc. provides products and services to customers in the biopharma, healthcare, education and government, advanced technologies, and applied materials industries worldwide.
Should I buy Avantor stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. 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?
Currently, Avantor stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $AVTR will slide in coming sessions, or it will not rise 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 let us to avoid impulsive decisions based on our sentiments or the buzz that surrounds the market. Our trading system selects very simple strategies to guide us on when is a good time to sell a stock. Be aware that these strategies are not intended for selling short Avantor stock
As a rule of thumb, you should never keep a trade that produces higher than expected losses by the time of purchase. The timing to sell your stock always has to be dictated 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 profit can keep their positions
In the last month, 2 ratings were published for Avantor. General sentiment is bullish, with 2 out of 2 posting optimistic outlooks
|Jan 12th, 2021|
|Jan 19th, 2021|
Avantor stock analysis
Since in June 2020, Avantor has been drawing an uptrend that so far marked a gorgeous 82.77%. The price action shows higher highs and higher lows, and along the way gave some buy points for those who wanted to invest. Latest pullback was last November, when price bounced at $25.57. Currently, it trades in a consolidation between its last top ($30.99) and its last bottom ($25.57)
$AVTR at All-time Highs
On Monday, Avantor marked new all-time highs (ATH) again at $30.99. Previous ATHs were on January 12
Supports and resistances
The current resistances are:
The current support levels are:
Since the price surpassed the upper band on January 12, the price has been corrected downwards by 2.64%
Relative strength index
The RSI dropped below the overbought level of 70 on January 12 after just crossing to the overbough zone for a single day (weak signal). The RSI reading on Tuesday was 59.2. Avantor stock went down a 1.87% since that level was lost
Avantor stock price history
Avantor went public priced at an adjusted price1 of $1.47 on May 2019. Since then, AVTR stock surged by 1,935.37%, with an average of 1,935.37% per year. If you had invested $1,000USD in Avantor stock on the IPO, it would have a value of $20,353.74 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Avantor stock
Nobody knows how much a share will be priced tomorrow. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.
The following table shows the price target posted by brokerage institutions over the last 30 days. If you are a small investor you shouldn't trade based on these projections.
Averaging all price targets exposed below, the predicted price for Avantor stock is $37.00. Avantor closed at $29.92 on Tuesday, so the target price is predicting an increase by 23.66%.
|Brokerage firm||Price target|
|Jan 12th, 2021|
|Raymond James||$30.00 → $34.00|
|Jan 19th, 2021|
|KeyCorp||$33.00 → $40.00|
Earnings and financials
Avantor, Inc. ($AVTR) reported earnings of $0.24 per share last October, improving the Market consensus estimate of $0.21 per share. This Q3 report represents an earnings surprise of 14.29%. Forecasted turnover was $1.5 billion but Avantor slightly enhanced by 4.22%, reporting $1.6 billion.For comparison, the EPS for the same quarter last year was $0.15, so current EPS means a improvement of 60.00%. Looking at turnover, figures inched a 6.73% compared to $15.0B same quarter a year ago.
Avantor ($AVTR) is releasing earnings report on Friday next week. Wall Street analysts estimate of $0.26, that is a 8.33% more than Q3.
Please read:The opinions given in this article are personal and not recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the specific conditions of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for education motives only
|Tuesday, January 26th, 2021|
|Day range||$29.74 - $30.84|
|Average true range||$1.32|
|50d mov avg||$27.69|
|100d mov avg||$25.56|
|200d mov avg||$21.89|
|Earnings date||February 5th, 2021|