Is AVEO Pharmaceuticals stock still a buy after falling -6.64% on Friday ?
(Updated on Dec 03, 2021)
Sell candidate since 2021-12-03 PDF
The AVEO Pharmaceuticals stock price fell by -6.64% on the last day (Friday, 3rd Dec 2021) from $5.72 to $5.34. and has now fallen 7 days in a row. During the day the stock fluctuated 7.94% from a day low at $5.29 to a day high of $5.71. The price has fallen in 8 of the last 10 days and is down by -20.18% for this period. Volume has increased on the last day by 20 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, 338 thousand shares were bought and sold for approximately $1.80 million.
Given the current short-term trend, the stock is expected to rise 2.01% during the next 3 months and, with a 90% probability hold a price between $5.45 and $7.58 at the end of this 3-month period.
Signals & Forecast
There are few to no technical positive signals at the moment. The AVEO Pharmaceuticals 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 $6.09 and $6.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 12, 2021, and so far it has fallen -27.84%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss
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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.42 between high and low, or 7.94%. For the last week, the stock has had a daily average volatility of 7.08%.
AVEO Pharmaceuticals is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.
Is AVEO Pharmaceuticals stock A Buy?
The AVEO Pharmaceuticals stock holds several negative signals and despite the positive trend, we believe AVEO Pharmaceuticals will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.981
Predicted Opening Price for AVEO Pharmaceuticals of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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On Nov 15, 2021 "SVB Leerink" gave "$18.00" rating for AVEO. The price target was changed from $7.28 to 1.6%.
AVEO Insider Trading
|Dec 01, 2021||Buy||170 000||Ledell Jebediah||Stock Option (right to buy)|
|Sep 01, 2021||Buy||15 000||Bailey Michael P||Common Stock|
|Aug 10, 2021||Buy||2 608||Ferraresso Michael||Common Stock|
|Jun 09, 2021||Buy||12 500||Evnin Anthony B||Stock Option (right to buy)|
|Jun 09, 2021||Buy||12 500||Bate Kenneth||Stock Option (right to buy)|
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