AVEO PHARMACEUTICALS INC (AVEO) Stock Technical Analysis
USA - NASDAQ:AVEO - US0535883070 - Common Stock
Overall AVEO gets a technical rating of 10 out of 10. Both in the recent history as in the last year, AVEO has proven to be a steady performer, scoring decent points in every aspect analyzed.
AVEO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 15.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.96, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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9.59
When analyzing the support we can see 4 important areas.
- A support zone ranging from 14.75 to 14.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.05 from a trend line in the daily time frame.
- Support @11.11 from a trend line in the weekly time frame.
- Support @9.69 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 15.01 to 15.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for AVEO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVEO is up. |
| ChartMill Relative Strength | 99.55 | POSITIVE | AVEO has a high relative strength, it outperformed 99.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVEO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVEO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVEO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.1 | OVERBOUGHT | The high RSI value suggests AVEO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AVEO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.83 | OVERBOUGHT | The high Stochastics value suggests AVEO may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for AVEO suggests low volalility. |
| Average Directional Index/ADX (14) | 59.76 | POSITIVE | The high ADX value value for AVEO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 15.02 | 14.90 | 0.12 (0.80%) | 25.00% |
| An entry @15.02. This is a Buy Stop order right above the resistance zone. | An exit @14.90. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.12 points, which is 0.80%. | For a 0.20% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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AVEO PHARMACEUTICALS INC / AVEO FAQ
What is the technical rating for AVEO stock?
ChartMill assigns a technical rating of 9 / 10 to AVEO.
Can you provide the trend direction for AVEO PHARMACEUTICALS INC?
The current trend direction for AVEO PHARMACEUTICALS INC (AVEO) is Bullish.
What is the RSI signal for AVEO PHARMACEUTICALS INC (AVEO) stock?
AVEO PHARMACEUTICALS INC (AVEO) has an RSI value of 73.1036. This indicates that the stock is currently overbought.
What is the short term momentum for AVEO stock?
The short term momentum for AVEO PHARMACEUTICALS INC (AVEO) is positive.
What is the support and resistance level for AVEO stock?
AVEO PHARMACEUTICALS INC (AVEO) has a support level at 14.96 and a resistance level at 15.01. Check the full technical report for our detailed analysis of AVEO support and resistance levels.