AEROVATE THERAPEUTICS INC (AVTE) Technical Analysis
NASDAQ:AVTE • US0080641071
Current stock price
AVTE Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to AVTE. In the past year, AVTE was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 92% of all other stocks performed better in the past year than AVTE.
- AVTE is one of the lesser performing stocks in the Biotechnology industry. 74% of 518 stocks in the same industry do better.
- AVTE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so AVTE is lagging the market.
- AVTE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
AVTE Weekly and Daily overview Charts
AVTE Setup Rating and Analysis
AVTE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 2.62, a Stop Loss order could be placed below this zone.
More info and screens
AVTE Support and Resistance Analysis
2.34
When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.53 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.43 from a horizontal line in the daily time frame.
- A support zone ranging from 2.36 to 2.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.72 to 2.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
AVTE Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for AVTE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVTE is up. |
| ChartMill Relative Strength | 8.92 | NEGATIVE | AVTE has a low relative strength, it was outperformed by 91.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVTE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVTE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVTE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.34 | NEUTRAL | The RSI value for AVTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AVTE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.85 | NEUTRAL | The Stochastics value for AVTE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for AVTE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.31 | NEUTRAL | The ADX value for AVTE suggests a possible start of a new trend. |
AVTE Chart- and CandleStick Pattern Analysis
AVTE Technicals: Chart, Performance Metrics, Trend & Indicators
2.68
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AEROVATE THERAPEUTICS INC / AVTE TA FAQ
Can you provide the ChartMill technical rating for AEROVATE THERAPEUTICS INC?
ChartMill assigns a technical rating of 5 / 10 to AVTE.
What is the trend direction for AVTE stock?
The current trend direction for AEROVATE THERAPEUTICS INC (AVTE) is Bearish.
What is the RSI signal for AEROVATE THERAPEUTICS INC (AVTE) stock?
AEROVATE THERAPEUTICS INC (AVTE) has an RSI value of 58.3406. This indicates that the stock is currently neutral.
What is the MACD signal for AEROVATE THERAPEUTICS INC (AVTE) stock?
The MACD indicator for AEROVATE THERAPEUTICS INC (AVTE) has a value of 0.0022981, indicating a bearish trend.
What is the support and resistance level for AVTE stock?
AEROVATE THERAPEUTICS INC (AVTE) has a support level at 2.62 and a resistance level at 2.72. Check the full technical report for our detailed analysis of AVTE support and resistance levels.