AVENUE THERAPEUTICS INC (ATXI)       1.32  -0.06 (-4.35%)

1.32  -0.06 (-4.35%)

US05360L3042 - Common Stock - After market: 1.34 +0.02 (+1.52%)

Technical Rating

1

We assign a technical rating of 1 out of 10 to ATXI. ATXI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.



Considerably lower volume is observed in the last couple of days.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, ATXI is a bad performer in the overall market: 97% of all stocks are doing better.
ATXI is part of the Pharmaceuticals industry. There are 259 other stocks in this industry, of which 88% are performing better than ATXI.
ATXI is currently trading near the lower end of its 52 week range, which is not a good sign. ATXI is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month ATXI has a been trading in the 1.09 - 2.35 range, which is quite wide. It is currently trading near the lows of this range.

Statistics

1 Month 3 Months 6 Months 12 Months 10.00% -25.84% -67.80% -88.21% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 3.23 1.06 - 18.75
ATXI Weekly chart
ATXI Daily chart

Support/Resistance Analysis


1.14

1.99
When analyzing the support we notice one important area.
  • A support zone ranging from 1.15 to 1.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
  • Resistance @1.50 from a horizontal line in the weekly time frame.
  • Resistance @1.75 from a trend line in the daily time frame.
  • Resistance @1.97 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

6

Although the technical rating is bad, ATXI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 1.15, a Stop Loss order could be placed below this zone.


ATXI Daily chart

AVENUE THERAPEUTICS INC1.32

NASDAQ:ATXI (1/30/2023, 7:00:00 PM)-0.06 (-4.35%)

After market: 1.34 +0.02 (+1.52%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Pharmaceuticals

Performance
Today -4.35% 1 Week -16.98%
2 Weeks 8.2% 1 Month 10%
3 Month -25.84% 6 Month -67.8%

Volatility
ATR(14) 0.26 ATR(20)% 16.22%
ATR Inc -35.62% Range Today 0.06

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 3.23 Mansfield -6.82
10 Day High 2.35 10 Day Low 1.25
20 Day High 2.35 20 Day Low 1.09
52 Week High 18.75 52 Week Low 1.06
CS1 End 1.15 CR1 Start 1.5

Volume & EV
DER(3) -5.43% DER(5) 0.12%
Volume 271.50K Volume Incr -81.37%
Vol(5) 375.34K Vol(50) 986.43K

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