Technical Analysis for AVDX - AvidXchange Holdings, Inc.

Grade Last Price % Change Price Change
D 10.59 1.34% 0.14
AVDX closed up 1.34 percent on Friday, May 31, 2024, on 1.22 times normal volume. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Doji - Bullish? Reversal 0.00%
Outside Day Range Expansion 0.00%
Gapped Up Strength 0.00%
Oversold Stochastic Weakness 0.00%
Stochastic Buy Signal Bullish 1.34%
NR7 Range Contraction 1.34%
Narrow Range Bar Range Contraction 1.34%
Oversold Stochastic Weakness 1.34%

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Profile

AvidXchange Holdings, Inc. Description

AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was founded in 2000 and is headquartered in Charlotte, North Carolina.


Classification

Sector: Technology
Industry: Software - Infrastructure
Keywords: Healthcare Facilities Payment Solutions Accounts Payable Accounting Automation Software Payments Solution Social Services Cash Management Solutions Invoice Processing Media Sectors

Is AVDX a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 13.56
52 Week Low 6.88
Average Volume 1,642,635
200-Day Moving Average 10.93
50-Day Moving Average 11.75
20-Day Moving Average 11.19
10-Day Moving Average 10.83
Average True Range 0.32
RSI (14) 30.07
ADX 22.17
+DI 13.03
-DI 30.04
Chandelier Exit (Long, 3 ATRs) 11.46
Chandelier Exit (Short, 3 ATRs) 11.28
Upper Bollinger Bands 12.17
Lower Bollinger Band 10.22
Percent B (%b) 0.19
BandWidth 17.39
MACD Line -0.35
MACD Signal Line -0.29
MACD Histogram -0.0541
Fundamentals Value
Market Cap 2.15 Billion
Num Shares 203 Million
EPS -0.33
Price-to-Earnings (P/E) Ratio -32.09
Price-to-Sales 6.87
Price-to-Book 3.73
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.01
Resistance 3 (R3) 10.97 10.78 10.94
Resistance 2 (R2) 10.78 10.68 10.81 10.92
Resistance 1 (R1) 10.69 10.61 10.74 10.73 10.89
Pivot Point 10.50 10.50 10.53 10.53 10.50
Support 1 (S1) 10.41 10.40 10.46 10.45 10.29
Support 2 (S2) 10.22 10.33 10.25 10.26
Support 3 (S3) 10.13 10.22 10.24
Support 4 (S4) 10.17