We assign a technical rating of 4 out of 10 to ADVM. In the last year, ADVM was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
ADVM has an average technical rating and the quality of the presented setup is also not ideal 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
2.48
2 important support areas can be observed.
- A support zone ranging from 4.06 to 4.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.51 from a trend line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 4.33 to 4.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.83 from a trend line in the weekly 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 | 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 | 32.89 | NEUTRAL | ADVM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ADVM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ADVM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ADVM is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.44 | NEUTRAL | The RSI value for ADVM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ADVM has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.41 | NEUTRAL | The Stochastics value for ADVM is a neutral value. |
| 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) | 18.46 | NEGATIVE | The low ADX value for ADVM suggests a weak or negative trend. |
4.2
+0.08 (+1.94%)
ADVERUM BIOTECHNOLOGIES INC / ADVM FAQ
What is the technical rating for ADVM stock?
ChartMill assigns a technical rating of 4 / 10 to ADVM.
What is the current trend direction of ADVERUM BIOTECHNOLOGIES INC (ADVM) stock?
The current trend direction for ADVERUM BIOTECHNOLOGIES INC (ADVM) is Bullish.
What is the RSI signal for ADVM stock?
ADVERUM BIOTECHNOLOGIES INC (ADVM) has an RSI value of 48.4439. This indicates that the stock is currently neutral.
What is the MACD signal for ADVERUM BIOTECHNOLOGIES INC (ADVM) stock?
The MACD indicator for ADVERUM BIOTECHNOLOGIES INC (ADVM) has a value of -0.0125602, indicating a bearish trend.
What is the short term momentum for ADVERUM BIOTECHNOLOGIES INC (ADVM) stock?
The short term momentum for ADVERUM BIOTECHNOLOGIES INC (ADVM) is neutral.