Tue 14'th Aug 2018
Aptevo Therapeutics Inc Stock Analysis
Technical stock analysis for Tue 14'th Aug 2018
|Shorts||2.13% ( 2018-07-31 )|
Aptevo Therapeutics Inc gained 4.77% in the last trading day, rising from $5.03 to $5.27 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 8 of the last 10 days and is up by 24.88% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 89 244 more shares were traded than the day before. In total, 256 844 shares bought and sold for approximately $1.35 million.
Aptevo Therapeutics Inc has broken the 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 on the current trend broken, which is $5.01, a level that may pose a second chance to hit a runner. According to fan-theory $5.98 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.
Only positive signals in the chart today. Aptevo Therapeutics Inc holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at $4.73 and $4.84. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 31, 2018, which indicates further gains until a new top pivot has been found. Aptevo Therapeutics Inc has rising volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Relative Strength Index (RSI)
RSI14 is 56 and the stock is currently not being overbought or oversold
Support & Resistance
On the downside, the stock finds support just below today's level from accumulated volume at $4.94 and $4.39.
There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Aptevo Therapeutics Inc finds support just below today's level at $4.94. If this is broken, then the next support from accumulated volume will be at $4.39 and $4.22.
This stock may move much during a 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 $0.86 between high and low, or 18.38%. For the last week, the stock has had a daily average volatility of 10.44%.
Our recommended stoploss: $5.03 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 10 days ago.)
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Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.Click for Top 5 Buy Candidates
|APVO $5.27 $0.24(4.77%)|
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