AVALO THERAPEUTICS INC (AVTX) Technical Analysis
NASDAQ:AVTX • US05338F3064
Current stock price
AVTX Technical Rating and Analysis
Taking everything into account, AVTX scores 5 out of 10 in our technical rating. 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.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- 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!
- AVTX is one of the better performing stocks in the Biotechnology industry, it outperforms 75% of 518 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.
- When comparing the yearly performance of all stocks, we notice that AVTX 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 7 months ago.
- 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.
AVTX Weekly and Daily overview Charts
AVTX Setup Rating and Analysis
Although the technical rating is only medium, AVTX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 15.97, a Stop Loss order could be placed below this zone.
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AVTX Support and Resistance Analysis
14.04
We found 3 important support areas.
- A support zone ranging from 15.79 to 15.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.63 from a trend line in the daily time frame.
- Support @14.18 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 17.15 to 17.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @17.50 from a horizontal line in the weekly time frame.
- Resistance @18.67 from a trend line in the daily time frame.
AVTX 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 | 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 | 92.02 | POSITIVE | AVTX has a high relative strength, it outperformed 92.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AVTX is below 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) | 46.73 | NEUTRAL | The RSI value for AVTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests AVTX has a negative trend. |
| Stochastics (14,3) | 32.05 | NEUTRAL | The Stochastics value for AVTX is a neutral value. |
| Average True Range in percent/ATR (20) | 8.78 | HIGH VOLATILITY | The high ATR as a percentage value for AVTX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.19 | NEGATIVE | The low ADX value for AVTX suggests a weak or negative trend. |
AVTX Chart- and CandleStick Pattern Analysis
AVTX Technicals: Chart, Performance Metrics, Trend & Indicators
16.02
+0.22 (+1.39%)
AVALO THERAPEUTICS INC / AVTX TA FAQ
Can you provide the ChartMill technical rating for AVALO THERAPEUTICS INC?
ChartMill assigns a technical rating of 5 / 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 46.7323. 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 15.97 and a resistance level at 17.15. Check the full technical report for our detailed analysis of AVTX support and resistance levels.