Technical Analysis for AVDX - AvidXchange Holdings, Inc.

Grade Last Price % Change Price Change
B 12.03 -0.25% -0.03
AVDX closed down 0.25 percent on Monday, July 1, 2024, on 1.12 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
New Uptrend Bullish 0.00%
NR7 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Upper Bollinger Band Walk Strength 0.00%
Inside Day Range Contraction 0.00%
Above Upper BB Strength 0.00%
Overbought Stochastic Strength 0.00%
Upper Bollinger Band Touch Strength 0.00%
Pocket Pivot Bullish Swing Setup -0.25%
Volume Surge Other -0.25%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 6 hours ago
Possible Inside Day about 6 hours ago
Down 1% about 10 hours ago
Fell Below Upper Bollinger Band about 10 hours ago
60 Minute Opening Range Breakout 3 days ago

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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 1,921,038
200-Day Moving Average 11.03
50-Day Moving Average 11.28
20-Day Moving Average 11.08
10-Day Moving Average 11.43
Average True Range 0.28
RSI (14) 75.06
ADX 25.34
+DI 34.48
-DI 10.62
Chandelier Exit (Long, 3 ATRs) 11.24
Chandelier Exit (Short, 3 ATRs) 11.17
Upper Bollinger Bands 12.04
Lower Bollinger Band 10.12
Percent B (%b) 1.0
BandWidth 17.25
MACD Line 0.21
MACD Signal Line 0.04
MACD Histogram 0.1639
Fundamentals Value
Market Cap 2.44 Billion
Num Shares 203 Million
EPS -0.33
Price-to-Earnings (P/E) Ratio -36.45
Price-to-Sales 6.87
Price-to-Book 3.73
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 12.22
Resistance 3 (R3) 12.20 12.12 12.19
Resistance 2 (R2) 12.12 12.07 12.13 12.18
Resistance 1 (R1) 12.08 12.04 12.09 12.09 12.17
Pivot Point 12.00 12.00 12.00 12.00 12.00
Support 1 (S1) 11.95 11.95 11.97 11.97 11.89
Support 2 (S2) 11.87 11.92 11.88 11.88
Support 3 (S3) 11.83 11.87 11.87
Support 4 (S4) 11.84