1. Avista Corp settled a general rate case in Oregon on March 28. 2. AVA's stock gained 3% over the past five days, peaking at $41.01. 3. The current RSI for AVA is 75.5, indicating overbought conditions. 4. Momentum score for AVA is 77.14, with a value score of 74.86. 5. Investor caution advised due to high RSI and potential momentum reversal.
With an RSI over 70, AVA is considered overbought, often leading to price corrections in historical patterns, as seen with stocks experiencing similar conditions in the past.
The settlement and rapid stock increase may attract short-term investors, but overbought conditions suggest caution, influencing AVA's price movement significantly.
Immediate price corrections typically occur within days or weeks following overbought conditions as investor sentiment shifts.