ARRIVENT BIOPHARMA INC (AVBP) Stock Technical Analysis
NASDAQ:AVBP - Nasdaq - US04272N1028 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to AVBP. AVBP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, AVBP is a bad performer in the overall market: 67% of all stocks are doing better.
In the last month AVBP has a been trading in the 19.71 - 25.73 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
AVBP is part of the Biotechnology industry. There are 556 other stocks in this industry, AVBP did better than 63% of them.
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.
Although the technical rating is bad, AVBP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 20.82, a Stop Loss order could be placed below this zone.
More info and screens
16.57
25.10
3 important support areas can be observed.
- A support zone ranging from 20.77 to 20.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.04 to 20.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @16.74 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 21.70 to 22.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.72 from a horizontal line in the daily time frame.
- A resistance zone ranging from 23.82 to 23.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.85 from a trend 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 | NEUTRAL | NEUTRAL | The short term trend for AVBP is neutral. |
| ChartMill Relative Strength | 33.96 | NEUTRAL | AVBP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVBP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AVBP is below 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) | 47.06 | NEUTRAL | The RSI value for AVBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests AVBP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.23 | NEUTRAL | The Stochastics value for AVBP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.79 | HIGH VOLATILITY | The high ATR as a percentage value for AVBP suggests high volalility. |
| Average Directional Index/ADX (14) | 16.8 | NEGATIVE | The low ADX value for AVBP suggests a weak or negative 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)
21.55
-0.5 (-2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.27%
1 Week-1.46%
2 Weeks6.84%
1 Month-14.55%
3 Month3.51%
6 Month-21.06%
12 Month-3.71%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.12
ATR(20)%5.79%
ATR Inc35.32%
Range Today1.51
ADR(20)1.24
ADR(20)%5.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.96
Mansfield-1.83
10 Day High23.38
10 Day Low20.06
20 Day High25.73
20 Day Low19.71
52 Week High36.37
52 Week Low15.47
CS1 End20.82
CR1 Start21.7
Volume & EV
DER(3)-1.59%
DER(5)-1.71%
Volume263.70K
Volume Incr-45.75%
Vol(5)253.46K
Vol(50)368.82K