ADVERUM BIOTECHNOLOGIES INC (ADVM) Technical Analysis
NASDAQ:ADVM • US00773U2078
Current stock price
ADVM Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to ADVM. ADVM has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- In the last month ADVM has a been trading in the 3.99 - 4.38 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that ADVM is one of the better performing stocks in the market, outperforming 75% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- ADVM is part of the Biotechnology industry. There are 517 other stocks in this industry, ADVM did better than 56% of them.
- ADVM is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ADVM is lagging the market slightly.
ADVM Weekly and Daily overview Charts
ADVM Setup Rating and Analysis
ADVM has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
ADVM Support and Resistance Analysis
2.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.06 to 4.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.52 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.37 to 4.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.77 from a trend line in the weekly time frame.
ADVM Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for ADVM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ADVM is neutral. |
| ChartMill Relative Strength | 75.99 | POSITIVE | ADVM has a high relative strength, it outperformed 75.99% 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) | DOWN | NEGATIVE | The current price of ADVM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ADVM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.19 | 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. |
| Stochastics (14,3) | 80.37 | OVERBOUGHT | The high Stochastics value suggests ADVM may be overbought. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for ADVM suggests low volalility. |
| Average Directional Index/ADX (14) | 15.84 | NEGATIVE | The low ADX value for ADVM suggests a weak or negative trend. |
ADVM Chart- and CandleStick Pattern Analysis
ADVM Technicals: Chart, Performance Metrics, Trend & Indicators
4.36
+0.1 (+2.35%)
ADVERUM BIOTECHNOLOGIES INC / ADVM TA FAQ
What is the technical rating for ADVM stock?
ChartMill assigns a technical rating of 5 / 10 to ADVM.
Can you provide the trend direction for ADVERUM BIOTECHNOLOGIES INC?
The current trend direction for ADVERUM BIOTECHNOLOGIES INC (ADVM) is Bullish.
What is the RSI signal for ADVERUM BIOTECHNOLOGIES INC (ADVM) stock?
ADVERUM BIOTECHNOLOGIES INC (ADVM) has an RSI value of 58.193. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ADVERUM BIOTECHNOLOGIES INC?
The MACD indicator for ADVERUM BIOTECHNOLOGIES INC (ADVM) has a value of 0.0154296, indicating a bearish trend.
What is the support and resistance level for ADVM stock?
ADVERUM BIOTECHNOLOGIES INC (ADVM) has a support level at 4.22 and a resistance level at 4.37. Check the full technical report for our detailed analysis of ADVM support and resistance levels.