Taking everything into account, AVXL scores 2 out of 10 in our technical rating. In the past year, AVXL 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.
- 94% of all other stocks performed better in the past year than AVXL.
- AVXL is one of the lesser performing stocks in the Biotechnology industry. 76% of 525 stocks in the same industry do better.
- AVXL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month AVXL has a been trading in the 3.50 - 5.36 range, which is quite wide. It is currently trading near the high of this range.
- AVXL has an average volume of 2975840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of AVXL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.81
We found 1 important support area.
- Support @3.85 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.27 to 5.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.49 from a trend line in the weekly time frame.
- Resistance @12.35 from a horizontal line in the weekly time frame.
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 AVXL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVXL is up. |
| ChartMill Relative Strength | 6.53 | NEGATIVE | AVXL has a low relative strength, it was outperformed by 93.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVXL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AVXL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AVXL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.86 | OVERBOUGHT | The high RSI value suggests AVXL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests AVXL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.09 | OVERBOUGHT | The high Stochastics value suggests AVXL may be overbought. |
| Average True Range in percent/ATR (20) | 5.44 | HIGH VOLATILITY | The high ATR as a percentage value for AVXL suggests high volalility. |
| Average Directional Index/ADX (14) | 31.43 | POSITIVE | The high ADX value value for AVXL suggests a strong trend. |
5.26
-0.04 (-0.75%)
ANAVEX LIFE SCIENCES CORP / AVXL FAQ
Can you provide the ChartMill technical rating for ANAVEX LIFE SCIENCES CORP?
ChartMill assigns a technical rating of 2 / 10 to AVXL.
What is the trend direction for AVXL stock?
The current trend direction for ANAVEX LIFE SCIENCES CORP (AVXL) is Bearish.
What is the RSI signal for AVXL stock?
ANAVEX LIFE SCIENCES CORP (AVXL) has an RSI value of 70.8586. This indicates that the stock is currently overbought.
What is the MACD signal for ANAVEX LIFE SCIENCES CORP (AVXL) stock?
The MACD indicator for ANAVEX LIFE SCIENCES CORP (AVXL) has a value of 0.161722, indicating a bearish trend.
What is the support and resistance level for AVXL stock?
ANAVEX LIFE SCIENCES CORP (AVXL) has a support level at 3.85 and a resistance level at 5.27. Check the full technical report for our detailed analysis of AVXL support and resistance levels.