How might the results influence the short-term technical outlook and potential price targets for AUID?
Shortâterm technical outlook
The âhighestârevenueâeverâ Q2 beat is a strong, positive catalyst (sentimentâŻ80) that will likely trigger a fresh buying wave. In the past 20âday window AUID has been hovering just below its 20âday SMA (~$12.30) and near a key swingâlow at $11.80 that has acted as support since the lowââ$10.90 dip in March. The earnings surprise should generate a volumeâspike that, if it holds above $12.00, will push the price toward the next resistance at $13.20 â the midpoint of the recent 10âday high ($13.45) and the 50âday EMA. A break of $13.20 on strong volume would open the path to the $13.80â$14.00 range, which aligns with the 100âday SMA and the prior MarchâApril rally top.
Potential price targets
- Bullish scenario: If the postâearnings rally holds above the 20âday SMA and breaches $13.20, a shortâterm target of $13.80â$14.00 is realistic (ââŻ5â8âŻ% upside from current levels). A retest of the $12.00â$12.30 zone could act as a pullâback entry point for traders looking to capture the upside.
- Neutral/defensive scenario: Should the price falter below $12.00, the $11.80 swingâlow will become the next stopâloss level, with $11.20â$10.90 as the downside floor (the March trough). In that case, a modest 3â4âŻ% downside target is appropriate.
Actionable takeâaway
Given the strong earnings backdrop and the technical setup around $12.00â$12.30, a buyâtheâdip on any pullâback to $12.00 with a stop just below $11.80, or a breakâout entry above $13.20 with a trailing stop at $12.50, positions you to capture the shortâterm upside while limiting risk if the rally stalls.