ADVERUM BIOTECHNOLOGIES INC (ADVM) Stock Technical Analysis
NASDAQ:ADVM - Nasdaq - US00773U2078 - Common Stock - Currency: USD
Overall ADVM gets a technical rating of 4 out of 10. In the past year, ADVM was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ADVM is a bad performer in the overall market: 96% of all stocks are doing better.
ADVM is part of the Biotechnology industry. There are 553 other stocks in this industry, of which 73% are performing better than ADVM.
ADVM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ADVM has a been trading in the 2.11 - 2.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
ADVM has an average technical rating and the quality of the presented setup is also not ideal at the moment. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
2.19
3.20
We found 2 important support areas.
- A support zone ranging from 2.66 to 2.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.21 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.72 to 2.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.85 from a horizontal line in the daily time frame.
- Resistance @3.17 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for ADVM is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ADVM is up. |
| ChartMill Relative Strength | 4.77 | NEGATIVE | ADVM has a low relative strength, it was outperformed by 95.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ADVM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ADVM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ADVM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.36 | NEUTRAL | The RSI value for ADVM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ADVM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.84 | NEUTRAL | The Stochastics value for ADVM is a neutral value. |
| Average True Range in percent/ATR (20) | 7.73 | HIGH VOLATILITY | The high ATR as a percentage value for ADVM suggests high volalility. |
| Average Directional Index/ADX (14) | 17.53 | NEGATIVE | The low ADX value for ADVM suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.7
+0.03 (+1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.12%
1 Week-2.53%
2 Weeks6.3%
1 Month8.43%
3 Month-7.22%
6 Month-39.87%
12 Month-66.95%
2 Year-87.61%
3 Year-81.51%
5 Year-98.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%7.73%
ATR Inc-35.02%
Range Today0.15
ADR(20)0.21
ADR(20)%7.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.77
Mansfield-5.02
10 Day High2.99
10 Day Low2.51
20 Day High2.99
20 Day Low2.11
52 Week High8.56
52 Week Low1.78
CS1 End2.69
CR1 Start2.72
Volume & EV
DER(3)-7.55%
DER(5)-8.68%
Volume62.90K
Volume Incr-53.64%
Vol(5)139.76K
Vol(50)266.01K