ANAVEX LIFE SCIENCES CORP (AVXL) Technical Analysis
NASDAQ:AVXL • US0327973006
Current stock price
AVXL Technical Rating and Analysis
Taking everything into account, AVXL scores 0 out of 10 in our technical rating. AVXL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, AVXL is a bad performer in the overall market: 95% of all stocks are doing better.
- AVXL is one of the lesser performing stocks in the Biotechnology industry. 82% of 516 stocks in the same industry do better.
- AVXL 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.
- In the last month AVXL has a been trading in the 2.61 - 3.75 range, which is quite wide. It is currently trading near the high of this range.
- AVXL has an average volume of 1498080 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AVXL Weekly and Daily overview Charts
AVXL Setup Rating and Analysis
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
AVXL Support and Resistance Analysis
3.07
When analyzing the support we notice one important area.
- A support zone ranging from 3.10 to 3.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 3.65 to 3.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @4.65 from a trend line in the daily time frame.
AVXL 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 AVXL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVXL is neutral. |
| ChartMill Relative Strength | 5.37 | NEGATIVE | AVXL has a low relative strength, it was outperformed by 94.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AVXL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AVXL is below 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) | 52.68 | NEUTRAL | The RSI value for AVXL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests AVXL has a positive trend. |
| Stochastics (14,3) | 81.02 | OVERBOUGHT | The high Stochastics value suggests AVXL may be overbought. |
| Average True Range in percent/ATR (20) | 7.43 | HIGH VOLATILITY | The high ATR as a percentage value for AVXL suggests high volalility. |
| Average Directional Index/ADX (14) | 19.79 | NEGATIVE | The low ADX value for AVXL suggests a weak or negative trend. |
AVXL Chart- and CandleStick Pattern Analysis
AVXL Technicals: Chart, Performance Metrics, Trend & Indicators
3.61
+0.11 (+3.14%)
ANAVEX LIFE SCIENCES CORP / AVXL TA FAQ
Can you provide the ChartMill technical rating for ANAVEX LIFE SCIENCES CORP?
ChartMill assigns a technical rating of 0 / 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 ANAVEX LIFE SCIENCES CORP (AVXL) stock?
ANAVEX LIFE SCIENCES CORP (AVXL) has an RSI value of 52.6819. This indicates that the stock is currently neutral.
What is the support and resistance level for AVXL stock?
ANAVEX LIFE SCIENCES CORP (AVXL) has a support level at 3.14 and a resistance level at 3.65. Check the full technical report for our detailed analysis of AVXL support and resistance levels.