AVALO THERAPEUTICS INC (AVTX) Technical Analysis
NASDAQ:AVTX • US05338F3064
Overall AVTX gets a technical rating of 7 out of 10. In the last year, AVTX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that AVTX is one of the better performing stocks in the market, outperforming 93% of all stocks.
- AVTX is one of the better performing stocks in the Biotechnology industry, it outperforms 80% of 519 stocks in the same industry.
- AVTX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AVTX is performing more or less in line with the market.
- In the last month AVTX has a been trading in the 13.56 - 19.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
AVTX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.70, a Stop Loss order could be placed below this zone.
More info and screens
14.36
When analyzing the support we can see 3 important areas.
- A support zone ranging from 16.50 to 16.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.69 from a trend line in the daily time frame.
- Support @14.51 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 18.71 to 19.00. 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 AVTX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVTX is neutral. |
| ChartMill Relative Strength | 93.57 | POSITIVE | AVTX has a high relative strength, it outperformed 93.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AVTX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.08 | NEUTRAL | The RSI value for AVTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests AVTX has a negative trend. |
| Stochastics (14,3) | 60.73 | NEUTRAL | The Stochastics value for AVTX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.12 | HIGH VOLATILITY | The high ATR as a percentage value for AVTX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.67 | NEGATIVE | The low ADX value for AVTX suggests a weak or negative 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 |
|---|---|---|---|
| 17.57 | 16.49 | 1.08 (6.16%) | 16.23% |
| An entry @17.57. This is a Buy Stop order right above the 10 day moving average. | An exit @16.49. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.08 points, which is 6.16%. | For a 1.00% total portfolio risk, you can invest 16.23% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AVTX. Please evaluate whether better entry and exit points can be found.
- 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.
AVTX Technicals: Chart, Performance Metrics, Trend & Indicators
16.71
-0.39 (-2.28%)
AVALO THERAPEUTICS INC / AVTX FAQ
Can you provide the ChartMill technical rating for AVALO THERAPEUTICS INC?
ChartMill assigns a technical rating of 7 / 10 to AVTX.
What is the current trend direction of AVALO THERAPEUTICS INC (AVTX) stock?
The current trend direction for AVALO THERAPEUTICS INC (AVTX) is Bullish.
What is the RSI signal for AVALO THERAPEUTICS INC (AVTX) stock?
AVALO THERAPEUTICS INC (AVTX) has an RSI value of 51.0811. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for AVALO THERAPEUTICS INC?
AVALO THERAPEUTICS INC (AVTX) has a support level at 16.7 and a resistance level at 18.71. Check the full technical report for our detailed analysis of AVTX support and resistance levels.