Aptevo Therapeutics Inc Stock Forecast
On Thursday, Aptevo Therapeutics Inc stock price gained an impressive 8.07%
(Updated on Apr 18, 2024)
The Aptevo Therapeutics Inc stock price gained 8.07% on the last trading day (Thursday, 18th Apr 2024), rising from $0.713 to $0.770. During the last trading day the stock fluctuated 9.07% from a day low at $0.706 to a day high of $0.770. The price has fallen in 7 of the last 10 days and is down by -77.62% for this period. Volume fell on the last day by -202 thousand shares and in total, 210 thousand shares were bought and sold for approximately $161.37 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to rise 92.25% during the next 3 months and, with a 90% probability hold a price between $1.48 and $16.36 at the end of this 3-month period.
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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 $1.03 and $3.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -88.33%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Aptevo Therapeutics Inc stock
Aptevo Therapeutics Inc finds support from accumulated volume at $0.768 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0640 between high and low, or 9.07%. For the last week the stock has had daily average volatility of 9.71%.
Aptevo Therapeutics Inc is oversold on RSI14 (7). 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 a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APVO) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Aptevo Therapeutics Inc to open at $0.749, and during the day (based on 14 day Average True Range), to move between $0.204 and $1.34, which gives a possible trading interval of +/-$0.566 (+/-73.48%) up or down from last closing price. If Aptevo Therapeutics Inc takes out the full calculated possible swing range there will be an estimated 146.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.768 (0.26%) than the resistance at $0.783 (1.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aptevo Therapeutics Inc stock A Buy?
The Aptevo Therapeutics Inc stock holds several negative signals and despite the positive trend, we believe Aptevo Therapeutics Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.594 Sell Candidate Unchanged
Predicted Opening Price for Aptevo Therapeutics Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $0.749 ( 2.77%) | $0.770 |
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 | 0.81 | 5.54 % | |
| R2 | 0.788 | 2.37 % | ||
| R1 | 0.773 | 0.405 % | ||
| Current price: | 0.770 | |||
| Support | S1 | 0.724 | -5.95 % | |
| S2 | 0.709 | -7.91 % | ||
| S3 | 0.685 | -11.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.96 | 24.42 % | |
| R2 | 0.85 | 9.75 % | ||
| R1 | 0.783 | 1.69 % | ||
| Current price | 0.770 | |||
| Support | S1 | 0.768 | -0.260% | |
| S2 | 0.713 | -7.47% | ||
| S3 | 0 | . |
FAQ
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