IOVANCE BIOTHERAPEUTICS INC (IOVA) Technical Analysis
NASDAQ:IOVA • US4622601007
Current stock price
IOVA Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to IOVA. IOVA has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- In the last month IOVA has a been trading in the 3.26 - 5.63 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.
- IOVA has an average volume of 15488000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- When comparing the yearly performance of all stocks, we notice that IOVA is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- IOVA is part of the Biotechnology industry. There are 517 other stocks in this industry, IOVA did better than 58% of them.
- IOVA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so IOVA is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
IOVA Weekly and Daily overview Charts
IOVA Setup Rating and Analysis
IOVA has an average technical rating and the quality of the presented setup is also not ideal 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
IOVA Support and Resistance Analysis
2.16
We found 5 important support areas.
- A support zone ranging from 3.40 to 3.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.31 to 3.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.67 from a trend line in the daily time frame.
- Support @2.31 from a trend line in the weekly time frame.
- Support @2.18 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @3.76 from a horizontal line in the daily time frame.
- Resistance @4.78 from a trend line in the weekly time frame.
IOVA 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 | UP | POSITIVE | The long term trend for IOVA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for IOVA is down. |
| ChartMill Relative Strength | 79.73 | POSITIVE | IOVA has a high relative strength, it outperformed 79.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of IOVA is below a declining 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) | UP | POSITIVE | The current price of IOVA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.15 | NEUTRAL | The RSI value for IOVA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests IOVA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.7 | OVERSOLD | The low Stochastics value suggests IOVA may be oversold. |
| Average True Range in percent/ATR (20) | 10.77 | HIGH VOLATILITY | The high ATR as a percentage value for IOVA suggests high volalility. |
| Average Directional Index/ADX (14) | 15.71 | NEGATIVE | The low ADX value for IOVA suggests a weak or negative trend. |
IOVA Chart- and CandleStick Pattern Analysis
IOVA Technicals: Chart, Performance Metrics, Trend & Indicators
3.43
-0.02 (-0.58%)
IOVANCE BIOTHERAPEUTICS INC / IOVA TA FAQ
What is the technical rating for IOVA stock?
ChartMill assigns a technical rating of 5 / 10 to IOVA.
What is the trend direction for IOVA stock?
The current trend direction for IOVANCE BIOTHERAPEUTICS INC (IOVA) is Bullish.
What is the RSI signal for IOVA stock?
IOVANCE BIOTHERAPEUTICS INC (IOVA) has an RSI value of 44.1499. This indicates that the stock is currently neutral.
Can you provide the MACD signal for IOVANCE BIOTHERAPEUTICS INC?
The MACD indicator for IOVANCE BIOTHERAPEUTICS INC (IOVA) has a value of -0.105356, indicating a bearish trend.
Can you provide the support and resistance levels for IOVANCE BIOTHERAPEUTICS INC?
IOVANCE BIOTHERAPEUTICS INC (IOVA) has a support level at 3.42 and a resistance level at 3.76. Check the full technical report for our detailed analysis of IOVA support and resistance levels.