AVROBIO INC (AVRO) Stock Technical Analysis
USA - NASDAQ:AVRO - US05455M1009 - Common Stock
1.4 USD
-0.02 (-1.41%)
1.45 USD
+0.05 (+3.57%)
We assign a technical rating of 8 out of 10 to AVRO. Both in the recent history as in the last year, AVRO has proven to be a steady performer, scoring decent points in every aspect analyzed.
In the last month AVRO has a been trading in the 1.36 - 1.53 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
AVRO is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 536 stocks in the same industry.
When comparing the yearly performance of all stocks, we notice that AVRO is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
AVRO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AVRO is lagging the market.
Besides having an excellent technical rating, AVRO also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.51. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
1.19
1.55
4 important support areas can be observed.
- A support zone ranging from 1.38 to 1.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.30 to 1.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.22 from a horizontal line in the daily time frame.
- Support @1.20 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.51 to 1.53. 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 AVRO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVRO is neutral. |
| ChartMill Relative Strength | 92.57 | POSITIVE | AVRO has a high relative strength, it outperformed 92.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AVRO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVRO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AVRO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.44 | NEUTRAL | The RSI value for AVRO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AVRO has a negative trend. |
| Stochastics (14,3) | 31.11 | NEUTRAL | The Stochastics value for AVRO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for AVRO suggests some volalility. |
| Average Directional Index/ADX (14) | 29.41 | POSITIVE | The high ADX value value for AVRO 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)
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 |
|---|---|---|---|
| 1.47 | 1.37 | 0.10 (6.99%) | 14.30% |
| An entry @1.47. This is a Buy Stop order right above the 10 day moving average. | An exit @1.37. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.10 points, which is 6.99%. | When investing 14.30% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
1.4
-0.02 (-1.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.41%
1 Week-6.67%
2 Weeks-3.31%
1 Month1.45%
3 Month9.38%
6 Month3.7%
12 Month52.14%
2 Year52.17%
3 Year-84.25%
5 Year-91.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%4.38%
ATR Inc38.1%
Range Today0.06
ADR(20)0.06
ADR(20)%4.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.57
Mansfield-1.25
10 Day High1.53
10 Day Low1.38
20 Day High1.54
20 Day Low1.36
52 Week High1.65
52 Week Low0.88
CS1 End1.39
CR1 Start1.51
Volume & EV
DER(3)1.88%
DER(5)-0.83%
Volume206.80K
Volume Incr-34.85%
Vol(5)169.94K
Vol(50)233.73K