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Bullish Case: Analysts’ upgraded price targets, consistent mean reversion, and upcoming Wolfe FinTech exposure suggest upside momentum for AVDX.


Bearish Case: Insiders selling, low trading volume, and recent negative price action imply potential downside for AVDX.


Potential Outcomes: Earnings beat (30%): Prices rise. Earnings miss (25%): Prices fall. Stagnation (45%): Little movement. These are grounded in AVDX's performance history.


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April 11, 2024


AvidXchange Forecast

AVDX        AvidXchange
Price Forecast: BEARISH    Price Action: RANDOM (?)











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ARKF Forecast + Options Trading Strategies   ARKF  ARK Fintech Innovation (0.93)


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Uncorrelated Stock Forecasts

Assets with little price relationship to AVDX



JNUG Forecast + Options Trading Strategies   JNUG  Direxion Daily Junior Gold Miners Index Bu (-0.0)


AZUL Forecast + Options Trading Strategies   AZUL  Azul (0.0)


RAPT Forecast + Options Trading Strategies   RAPT  RAPT Therapeutics (0.0)


EOG Forecast + Options Trading Strategies   EOG  EOG Resources (-0.0)


BJ Forecast + Options Trading Strategies   BJ  BJ's Wholesale Club (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against AVDX



DXD Forecast + Options Trading Strategies   DXD  ProShares UltraShort Dow30 (-0.88)


DRV Forecast + Options Trading Strategies   DRV  Direxion Daily Real Estate Bear 3X Shares (-0.88)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.9)


SRTY Forecast + Options Trading Strategies   SRTY  ProShares UltraPro Short Russell2000 (-0.95)


TZA Forecast + Options Trading Strategies   TZA  Direxion Daily Small Cap Bear 3X Shares (-0.95)





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