Aptevo Therapeutics Inc Stock Forecast
Big movements in Aptevo Therapeutics Inc stock price on Tuesday moving 14.56% between high and low
(Updated on Jun 25, 2024)
The Aptevo Therapeutics Inc stock price fell by -6.12% on the last day (Tuesday, 25th Jun 2024) from $0.538 to $0.505. During the last trading day the stock fluctuated 14.56% from a day low at $0.480 to a day high of $0.550. The price has fallen in 8 of the last 10 days and is down by -39.14% for this period. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 155 thousand shares were bought and sold for approximately $78.47 thousand.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $0.183, a level that may pose a second chance to hit a runner. According to fan-theory $1.47 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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APVO Signals & Forecast
There are few to no technical positive signals at the moment. The Aptevo Therapeutics Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.580 and $0.777. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -56.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Aptevo Therapeutics Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Aptevo Therapeutics Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.0699 between high and low, or 14.56%. For the last week, the stock has had daily average volatility of 10.97%.
Aptevo Therapeutics Inc is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APVO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Aptevo Therapeutics Inc to open at $0.512, and during the day (based on 14 day Average True Range), to move between $0.416 and $0.594, which gives a possible trading interval of +/-$0.0889 (+/-17.60%) up or down from last closing price. If Aptevo Therapeutics Inc takes out the full calculated possible swing range there will be an estimated 35.21% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $0.532, some $0.0268 (5.31%) from the current price of $0.505, our system finds the risk reward not very attractive.
Is Aptevo Therapeutics Inc stock A Buy?
Aptevo Therapeutics Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -6.438 Strong Sell Candidate Unchanged
Predicted Opening Price for Aptevo Therapeutics Inc of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.512 ( 1.30%) | $0.505 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APVO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.582 | 15.14% |
| R2 | 0.555 | 9.85% |
| R1 | 0.538 | 6.59% |
| Price | 0.505 | |
| S1 | 0.485 | -3.99% |
| S2 | 0.468 | -7.25% |
| S3 | 0.442 | -12.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.610 | 20.79% |
| R2 | 0.540 | 6.91% |
| R1 | 0.532 | 5.31% |
| Price | 0.505 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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