ANVS Technical Analysis - ANNOVIS BIO

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ANVS. ANVS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

97% of all other stocks performed better in the past year than ANVS.

ANVS is one of the lesser performing stocks in the Biotechnology industry. 83% of 536 stocks in the same industry do better.

ANVS 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.

In the last month ANVS has a been trading in the 1.88 - 2.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of ANVS is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.94

2.51

When analyzing the support we can see 2 important areas.

Support @2.02 from a trend line in the daily time frame.
A support zone ranging from 1.96 to 1.96. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

A resistance zone ranging from 2.39 to 2.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 2.49 to 2.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for ANVS is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ANVS is neutral.
ChartMill Relative Strength	3.51	NEGATIVE	ANVS has a low relative strength, it was outperformed by 96.49% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ANVS is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ANVS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ANVS is below a declining SMA(200).
Relative Strength Index/RSI (14)	49.79	NEUTRAL	The RSI value for ANVS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests ANVS has a positive trend.
Stochastics (14,3)	74.45	NEUTRAL	The Stochastics value for ANVS is a neutral value.
Average True Range in percent/ATR (20)	4.88	MEDIUM VOLATILITY	The ATR as a percentage value for ANVS suggests some volalility.
Average Directional Index/ADX (14)	22.71	NEUTRAL	The ADX value for ANVS suggests a possible start of a new trend.