DVAX Technical Analysis - DYNAVAX TECHNOLOGIES CORP

Technical Rating and Analysis

Overall DVAX gets a technical rating of 0 out of 10. DVAX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, DVAX is a bad performer in the overall market: 86% of all stocks are doing better.

DVAX 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 DVAX has a been trading in the 9.40 - 11.45 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

DVAX has an average volume of 1632220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

DVAX is part of the Biotechnology industry. There are 541 other stocks in this industry, DVAX did better than 47% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

DYNAVAX TECHNOLOGIES CORP / DVAX Weekly stock chart

DYNAVAX TECHNOLOGIES CORP / DVAX Daily stock chart

Setup Rating and Analysis

The technical rating of DVAX 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

9.30

14.89

When analyzing the support we notice one important area.

A support zone ranging from 9.39 to 9.40. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 10.14 to 10.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @11.14 from a trend line in the daily time frame.
Resistance @14.74 from a horizontal line in the weekly time frame.

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Support and Resistance indicators

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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 DVAX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for DVAX is down.
ChartMill Relative Strength	14.73	NEGATIVE	DVAX has a low relative strength, it was outperformed by 85.27% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of DVAX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of DVAX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of DVAX is below a declining SMA(200).
Relative Strength Index/RSI (14)	33.66	NEUTRAL	The RSI value for DVAX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.07	NEGATIVE	The MACD value suggests DVAX has a negative trend.
Stochastics (14,3)	9.13	OVERSOLD	The low Stochastics value suggests DVAX may be oversold.
Average True Range in percent/ATR (20)	3.59	MEDIUM VOLATILITY	The ATR as a percentage value for DVAX suggests some volalility.
Average Directional Index/ADX (14)	25.45	POSITIVE	The high ADX value value for DVAX suggests a strong trend.