APVO - Aptevo Therapeutics Inc

Exchange: NASDAQ

APVO - Aptevo Therapeutics Inc

Exchange: NASDAQ
#1518()/7561

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE 4.77%
PRICE $5.27
VOLUME
Buy
TREND
Hold

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Aptevo Therapeutics Inc Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Buy candidate since 2018-08-13 Gain 4.77%
Shorts 2.13% ( 2018-07-31 )
Cash 96.8 mill
Loans n/a
Beta 0.56
ROA 1.25

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.

Trend

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.

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Signals

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.

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Relative Strength Index (RSI)

RSI14 is 56 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

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.

Support: $4.94 Price: $5.27 Resistance: $5.65

Risk

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.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Buy Candidate

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APVO $5.27 $0.24(4.77%)
APVO is up $0.24 today, but where's it headed in September?
Zacks Investment Research is releasing its prediction for APVO based on the 1-3 month system that more than doubles the S&P 500.

Click here – the APVO analysis is free »
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