ARRIVENT BIOPHARMA INC (AVBP) Stock Technical Analysis
USA - NASDAQ:AVBP - US04272N1028 - Common Stock
Overall AVBP gets a technical rating of 2 out of 10. 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.
Although the technical rating is bad, AVBP does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 20.86. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.04, a Stop Loss order could be placed below this zone.
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5 important support areas can be observed.
- Support @20.04 from a horizontal line in the daily time frame.
- A support zone ranging from 18.65 to 19.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @18.06 from a trend line in the weekly time frame.
- A support zone ranging from 17.44 to 17.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 16.95 to 17.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 20.86 to 21.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.73 from a trend line in the weekly time frame.
- Resistance @22.86 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 | 19.87 | NEGATIVE | AVBP has a low relative strength, it was outperformed by 80.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AVBP is above a declining 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) | 57.88 | NEUTRAL | The RSI value for AVBP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests AVBP has a positive trend. |
| Stochastics (14,3) | 74.29 | NEUTRAL | The Stochastics value for AVBP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.8 | HIGH VOLATILITY | The high ATR as a percentage value for AVBP suggests high volalility. |
| Average Directional Index/ADX (14) | 12.06 | NEGATIVE | The low ADX value for AVBP suggests a weak or negative trend. |
20.2
+0.82 (+4.23%)
ARRIVENT BIOPHARMA INC / AVBP FAQ
Can you provide the ChartMill technical rating for ARRIVENT BIOPHARMA INC?
ChartMill assigns a technical rating of 2 / 10 to AVBP.
What is the trend direction for AVBP stock?
The current trend direction for ARRIVENT BIOPHARMA INC (AVBP) is Bearish.
What is the RSI signal for ARRIVENT BIOPHARMA INC (AVBP) stock?
ARRIVENT BIOPHARMA INC (AVBP) has an RSI value of 57.8768. This indicates that the stock is currently neutral.
What is the MACD signal for AVBP stock?
The MACD indicator for ARRIVENT BIOPHARMA INC (AVBP) has a value of 0.111446, indicating a bearish trend.
Can you provide the support and resistance levels for ARRIVENT BIOPHARMA INC?
ARRIVENT BIOPHARMA INC (AVBP) has a support level at 20.04 and a resistance level at 20.86. Check the full technical report for our detailed analysis of AVBP support and resistance levels.