ARRIVENT BIOPHARMA INC (AVBP) Stock Technical Analysis
NASDAQ:AVBP - Nasdaq - US04272N1028 - Common Stock - Currency: USD
Overall AVBP gets a technical rating of 7 out of 10. In the past year, AVBP was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
AVBP is one of the better performing stocks in the Biotechnology industry, it outperforms 81% of 559 stocks in the same industry.
In the last month AVBP has a been trading in the 18.51 - 25.07 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 AVBP is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
AVBP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AVBP is lagging the market.
AVBP has an excellent technical rating, but the quality of the setup is only medium 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
16.45
24.75
When analyzing the support we can see 4 important areas.
- A support zone ranging from 21.41 to 21.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.61 from a trend line in the daily time frame.
- A support zone ranging from 20.04 to 20.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.62 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @23.52 from a horizontal line in the weekly time frame.
- Resistance @24.50 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for AVBP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVBP is up. |
| ChartMill Relative Strength | 82.34 | POSITIVE | AVBP has a high relative strength, it outperformed 82.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVBP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVBP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AVBP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.88 | NEUTRAL | The RSI value for AVBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests AVBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.46 | OVERBOUGHT | The high Stochastics value suggests AVBP may be overbought. |
| Average True Range in percent/ATR (20) | 5.05 | HIGH VOLATILITY | The high ATR as a percentage value for AVBP suggests high volalility. |
| Average Directional Index/ADX (14) | 25.29 | POSITIVE | The high ADX value value for AVBP suggests a strong 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)
23.285
-1.21 (-4.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.96%
1 Week2.49%
2 Weeks16.19%
1 Month21.91%
3 Month10.88%
6 Month-12.86%
12 Month24.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%5.05%
ATR Inc20.98%
Range Today1.87
ADR(20)1.17
ADR(20)%5.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.34
Mansfield-0.73
10 Day High25.07
10 Day Low19.98
20 Day High25.07
20 Day Low18.51
52 Week High36.37
52 Week Low15.47
CS1 End21.54
CR1 Start23.52
Volume & EV
DER(3)-2.64%
DER(5)1.11%
Volume179.00K
Volume Incr-0.54%
Vol(5)290.04K
Vol(50)258.30K