Avis Budget Group's 15min chart sees KDJ Golden Cross and Bullish Marubozu.

According to the 15-minute chart for Avis Budget Group, a bullish signal has been triggered, indicated by a Golden Cross and a Bullish Marubozu on August 12, 2023 at 12:30. This suggests that the momentum of the stock price is shifting towards the upside, potentially leading to further gains. As buyers continue to dominate the market, it is likely that the bullish momentum will persist.

On August 12, 2023, at 12:30, Avis Budget Group (CAR) stock triggered a bullish signal, indicated by a Golden Cross and a Bullish Marubozu. This suggests a shift in the momentum of the stock price towards the upside, potentially leading to further gains. The Golden Cross, a technical indicator, occurs when a short-term moving average crosses above a long-term moving average, signaling a bullish trend. The Bullish Marubozu, a candlestick pattern, signifies strong buying pressure, further confirming the upward movement. As buyers continue to dominate the market, it is likely that the bullish momentum will persist [1].

Avis Budget Group reported a challenging second quarter, with revenue remaining stable at $3.04 billion but a significant miss in non-GAAP profit and adjusted EPS [1]. The company attributed the underperformance to auto recalls, delays in new vehicle deliveries, and uncertainty in the used car market. Despite these challenges, the stock price has shown resilience, with a 15-minute chart indicating a bullish trend.

The Golden Cross and Bullish Marubozu signals suggest that investors may find Avis Budget Group an attractive investment opportunity. However, it is essential to monitor the company's performance and the broader market conditions. The pace of the Avis First rollout, resolution of vehicle recalls, and outcomes from the Waymo partnership will be crucial factors to watch in the coming quarters [1].

References:
[1] https://finance.yahoo.com/news/avis-budget-group-q2-earnings-050152586.html