Aptevo Therapeutics Inc Stock Forecast

Weaker technical forecast for Aptevo Therapeutics Inc as stock downgraded to Sell Candidate.
(Updated on Apr 23, 2024)

APVO Signals & Forecast

Aptevo Therapeutics Inc has increased 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. 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 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 $0.744 and $3.39. 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 -88.85%. 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).

Support, Risk & Stop-loss for Aptevo Therapeutics Inc stock

Aptevo Therapeutics Inc finds support from accumulated volume at $0.727 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 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 $0.0646 between high and low, or 9.23%. For the last week, the stock has had daily average volatility of 8.93%.

Aptevo Therapeutics Inc is oversold on RSI14 (10). 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 Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Aptevo Therapeutics Inc to open at $0.734, and during the day (based on 14 day Average True Range), to move between $0.271 and $1.20, which gives a possible trading interval of +/-$0.465 (+/-63.16%) up or down from last closing price. If Aptevo Therapeutics Inc takes out the full calculated possible swing range there will be an estimated 126.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $0.727 (1.20%) than the resistance at $0.768 (4.32%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.136 Sell Candidate Downgraded

Predicted Opening Price for Aptevo Therapeutics Inc of Wednesday, April 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.