Grupo Aval Acciones y Valores SA (AVAL) on Focus After Forming Bearish Ascending Triangle

July 17, 2017 - By Adrian Erickson

The stock of Grupo Aval Acciones y Valores SA (AVAL) formed an ascending triangle with $8.09 target or 6.00 % below today’s $8.61 share price. The 7 months triangle pattern indicates high risk for the $3.03B company. If the $8.09 price target is reached, the company will be worth $181.80 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

About 60,803 shares traded. Grupo Aval Acciones y Valores SA (NYSE:AVAL) has risen 12.23% since July 17, 2016 and is uptrending. It has underperformed by 4.47% the S&P500.

Grupo Aval Acciones y Valores SA (NYSE:AVAL) Ratings Coverage

Among 3 analysts covering Grupo Aval (NYSE:AVAL), 0 have Buy rating, 2 Sell and 1 Hold. Therefore 0 are positive. Grupo Aval had 3 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was downgraded by Citigroup on Wednesday, August 5 to “Sell”. JP Morgan downgraded the shares of AVAL in report on Wednesday, January 6 to “Underweight” rating. As per Tuesday, March 29, the company rating was downgraded by Goldman Sachs.

More notable recent Grupo Aval Acciones y Valores SA (NYSE:AVAL) news were published by: Nasdaq.com which released: “Grupo Aval Acciones y Valores SA (AVAL) Ex-Dividend Date Scheduled for May 26 …” on January 27, 2015, also Quotes.Wsj.com with their article: “Grupo Aval Acciones y Valores SA ADR” published on September 19, 2014, Moodys.com published: “Moody’s lowers Banco de Bogota’s standalone assessment, downgrades its …” on March 10, 2016. More interesting news about Grupo Aval Acciones y Valores SA (NYSE:AVAL) were released by: Nasdaq.com and their article: “Grupo Aval Acciones y Valores SA (AVAL) Ex-Dividend Date Scheduled for June 29 …” published on June 28, 2017 as well as Nasdaq.com‘s news article titled: “Colombia’s largest banking group Grupo Aval Acciones y Valores files for US IPO” with publication date: May 30, 2013.

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