LVTX Technical Analysis - LAVA THERAPEUTICS NV

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to LVTX. LVTX 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.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

In the last month LVTX has a been trading in the 1.40 - 1.62 range, which is quite wide. It is currently trading near the high of this range.

Prices have been consolidating recently, this may present a good entry opportunity.

When compared to the yearly performance of all other stocks, LVTX outperforms 54% of them, which is more or less in line with the market.

LVTX is part of the Biotechnology industry. There are 536 other stocks in this industry, LVTX did better than 56% of them.

LVTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so LVTX is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LAVA THERAPEUTICS NV / LVTX Weekly stock chart

LAVA THERAPEUTICS NV / LVTX Daily stock chart

Setup Rating and Analysis

Although the technical rating is only medium, LVTX does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for LVTX in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.45

1.64

We found 2 important support areas.

A support zone ranging from 1.53 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 1.46 to 1.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 1.60 to 1.62. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for LVTX is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for LVTX is neutral.
ChartMill Relative Strength	54.82	NEUTRAL	LVTX is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of LVTX is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of LVTX is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of LVTX is above the rising SMA(200).
Relative Strength Index/RSI (14)	52.68	NEUTRAL	The RSI value for LVTX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests LVTX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	87.9	OVERBOUGHT	The high Stochastics value suggests LVTX may be overbought.
Average True Range in percent/ATR (20)	2.91	MEDIUM VOLATILITY	The ATR as a percentage value for LVTX suggests some volalility.
Average Directional Index/ADX (14)	30.21	POSITIVE	The high ADX value value for LVTX suggests a strong trend.