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Avis Budget Group's 15min chart triggers MACD Death Cross, KDJ Death Cross signal.
ByAinvest
Tuesday, Sep 9, 2025 2:47 pm ET1min read
Avis Budget Group's 15-minute chart has recently exhibited a bearish trend, as evidenced by the MACD Death Cross and KDJ Death Cross at 09/09/2022 14:45. This suggests that the stock price has the potential to continue declining, and the momentum is shifting towards the downside, which could lead to further decreases in the stock price.
Avis Budget Group Inc. (NASDAQ:CAR) is currently facing significant headwinds, as evidenced by recent analyst downgrades and a surge in short interest. On August 20, Bank of America analyst Federico Merendi downgraded the stock to Underperform from Buy, citing softening U.S. demand and weaker pricing trends as key factors [1]. The analyst also noted that new initiatives, such as the Avis First premium program and a fleet management partnership with Waymo, may not make a material contribution to earnings in the near term.The company's short interest has also been on the rise, reaching 20.16% of the float as of June 30, 2025, indicating widespread negative sentiment among investors [2]. This high short interest ratio of 4.5 suggests that it would take 4.5 days of average trading volume to cover all short positions, a signal that bears are optimistic about the stock's potential decline.
Technical indicators also suggest a bearish trend for Avis Budget Group. The company's 15-minute chart exhibited a MACD Death Cross and KDJ Death Cross on September 9, 2022, at 14:45, indicating a shift in momentum towards the downside . This could lead to further decreases in the stock price, as the market sentiment is currently bearish.
Despite these challenges, Avis Budget Group continues to operate the Avis, Budget, and Zipcar brands, offering car rental and mobility services to both leisure and business customers. However, the company's ability to navigate these headwinds and maintain its market position remains uncertain.
References:
[1] https://finance.yahoo.com/news/avis-budget-car-outlook-weakens-172004083.html
[2] https://www.marketbeat.com/stocks/NASDAQ/CAR/short-interest/
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