IOVANCE BIOTHERAPEUTICS INC (IOVA) Stock Technical Analysis
NASDAQ:IOVA - Nasdaq - US4622601007 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to IOVA. Recently some decent action could be observed, but in the medium term time frame this is still negative. IOVA was also a bad performer in the overall market in the last year.
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.
86% of all other stocks performed better in the past year than IOVA.
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.
In the last month IOVA has a been trading in the 1.90 - 4.33 range, which is quite wide. It is currently trading near the lows of this range.
IOVA has an average volume of 18435000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
IOVA is part of the Biotechnology industry. There are 550 other stocks in this industry, IOVA did better than 42% of them.
The technical rating of IOVA 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
1.64
4.68
We found 3 important support areas.
- Support @2.00 from a trend line in the daily time frame.
- Support @1.73 from a horizontal line in the daily time frame.
- Support @1.66 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 2.46 to 2.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.21 from a trend line in the daily time frame.
- Resistance @3.43 from a trend line in the daily time frame.
- Resistance @4.63 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 | 14.23 | NEGATIVE | IOVA has a low relative strength, it was outperformed by 85.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of IOVA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of IOVA is above the rising 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) | 49.87 | NEUTRAL | The RSI value for IOVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests IOVA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.11 | NEUTRAL | The Stochastics value for IOVA is a neutral value. |
| Average True Range in percent/ATR (20) | 16.16 | HIGH VOLATILITY | The high ATR as a percentage value for IOVA suggests high volalility. |
| Average Directional Index/ADX (14) | 21.09 | NEUTRAL | The ADX value for IOVA suggests a possible start of a new 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)
2.45
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week-7.2%
2 Weeks-4.67%
1 Month4.7%
3 Month47.59%
6 Month-56.01%
12 Month-76.67%
2 Year-59.44%
3 Year-77.15%
5 Year-92.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%16.16%
ATR Inc-26.16%
Range Today0.21
ADR(20)0.34
ADR(20)%13.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.23
Mansfield-6.16
10 Day High2.92
10 Day Low1.9
20 Day High4.33
20 Day Low1.9
52 Week High12.51
52 Week Low1.64
CS1 End2
CR1 Start2.46
Volume & EV
DER(3)5.46%
DER(5)2.36%
Volume11.26M
Volume Incr-22.7%
Vol(5)20.34M
Vol(50)18.43M