IOVANCE BIOTHERAPEUTICS INC (IOVA) Stock Technical Analysis
USA - NASDAQ:IOVA - US4622601007 - Common Stock
2.24 USD
0 (0%)
2.22 USD
-0.02 (-0.89%)
We assign a technical rating of 1 out of 10 to IOVA. IOVA 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.
96% of all other stocks performed better in the past year than IOVA.
IOVA is one of the lesser performing stocks in the Biotechnology industry. 80% of 536 stocks in the same industry do better.
IOVA 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.
IOVA has an average volume of 12057500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month IOVA has a been trading in the 1.97 - 2.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, IOVA does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.23, a Stop Loss order could be placed below this zone.
More info and screens
1.95
3.22
When analyzing the support we can see 4 important areas.
- A support zone ranging from 2.17 to 2.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.10 from a trend line in the daily time frame.
- A support zone ranging from 2.01 to 2.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.97 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.35 to 2.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.86 from a trend line in the daily time frame.
- Resistance @3.19 from a trend 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 IOVA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for IOVA is neutral. |
| ChartMill Relative Strength | 4.98 | NEGATIVE | IOVA has a low relative strength, it was outperformed by 95.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of IOVA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of IOVA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of IOVA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.97 | NEUTRAL | The RSI value for IOVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests IOVA has a positive trend. |
| Stochastics (14,3) | 53.45 | NEUTRAL | The Stochastics value for IOVA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for IOVA suggests high volalility. |
| Average Directional Index/ADX (14) | 8.25 | NEGATIVE | The low ADX value for IOVA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
2.24
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week2.28%
2 Weeks-0.44%
1 Month1.82%
3 Month0.45%
6 Month-26.8%
12 Month-78.12%
2 Year-41.36%
3 Year-76.02%
5 Year-93.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%5.7%
ATR Inc2.02%
Range Today0.11
ADR(20)0.13
ADR(20)%5.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.98
Mansfield-5.36
10 Day High2.38
10 Day Low2.04
20 Day High2.38
20 Day Low1.97
52 Week High12.51
52 Week Low1.64
CS1 End2.23
CR1 Start2.35
Volume & EV
DER(3)-1.45%
DER(5)-2.11%
Volume11.56M
Volume Incr14.14%
Vol(5)11.74M
Vol(50)12.06M