Aptevo Therapeutics Inc Stock Forecast
High volatility in Aptevo Therapeutics Inc stock price on Thursday which ended trading at $1.13
(Updated on May 02, 2024)
The Aptevo Therapeutics Inc stock price gained 17.71% on the last trading day (Thursday, 2nd May 2024), rising from $0.96 to $1.13. During the last trading day the stock fluctuated 32.69% from a day low at $1.04 to a day high of $1.38. The price has been going up and down for this period, and there has been a 46.75% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 20 million more shares were traded than the day before. In total, 26 million shares were bought and sold for approximately $29.03 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.748 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.22% during the next 3 months and, with a 90% probability hold a price between $0.88 and $8.66 at the end of this 3-month period.
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APVO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Aptevo Therapeutics Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.64. On a fall, the stock will find some support from the short-term average at $0.80. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -82.88%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Aptevo Therapeutics Inc stock
On the downside, the stock finds support just below today's level from accumulated volume at $0.96 and $0.96. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at $0.96 may give a huge drop in the stock price.
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 $0.340 between high and low, or 32.69%. For the last week, the stock has had daily average volatility of 21.38%.
Our recommended stop-loss: $1.07 (-5.66%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (APVO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Aptevo Therapeutics Inc to open at $1.18, and during the day (based on 14 day Average True Range), to move between $0.782 and $1.48, which gives a possible trading interval of +/-$0.348 (+/-30.80%) up or down from last closing price. If Aptevo Therapeutics Inc takes out the full calculated possible swing range there will be an estimated 61.60% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $0.96, some $0.170 (15.04%) from the current price of $1.13, our system finds the risk reward attractive.
Earnings coming up
Aptevo Therapeutics Inc will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is -$15.65. We will update the financials statements for Aptevo Therapeutics Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 15.57% in the first trading day after earnings release.
Is Aptevo Therapeutics Inc stock A Buy?
Aptevo Therapeutics Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.442 Hold/Accumulate Unchanged
Predicted Opening Price for Aptevo Therapeutics Inc of Friday, May 3, 2024
Fair opening price May 3, 2024 | Current price |
---|---|
$1.18 ( 4.72%) | $1.13 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 1.52 | 34.81 % | |
R2 | 1.39 | 23.31 % | ||
R1 | 1.31 | 16.21 % | ||
Current price: | 1.13 | |||
Support | S1 | 1.05 | -6.77 % | |
S2 | 0.97 | -13.87 % | ||
S3 | 0.84 | -25.37 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 1.13 | |||
Support | S1 | 0.96 | -15.04% | |
S2 | 0.96 | -15.22% | ||
S3 | 0 | . |
FAQ
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