AEROVATE THERAPEUTICS INC (AVTE) Stock Technical Analysis
USA - NASDAQ:AVTE - US0080641071 - Common Stock
2.68 USD
0 (0%)
2.6505 USD
-0.03 (-1.1%)
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.
When comparing the yearly performance of all stocks, AVTE is a bad performer in the overall market: 92% of all stocks are doing better.
AVTE is part of the Biotechnology industry. There are 534 other stocks in this industry, of which 72% are performing better than AVTE.
AVTE is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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 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
2.34
2.82
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.
We found 1 important resistance 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.
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. |
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)
2.68
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week-3.25%
2 Weeks0.75%
1 Month5.93%
3 Month2.29%
6 Month-3.94%
12 Month-86.79%
2 Year-87.22%
3 Year-78.98%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.4%
ATR Inc12.97%
Range Today0.14
ADR(20)0.12
ADR(20)%4.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.92
Mansfield-3.88
10 Day High2.86
10 Day Low2.57
20 Day High2.86
20 Day Low2.45
52 Week High25.29
52 Week Low1.25
CS1 End2.62
CR1 Start2.72
Volume & EV
DER(3)-1.19%
DER(5)-0.64%
Volume1.03M
Volume Incr629.28%
Vol(5)1.70M
Vol(50)306.22K