AVALO THERAPEUTICS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	AVTX
ISIN:

AVALO THERAPEUTICS INC. - Daily - Technical analysis published on 01/03/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

17%

56%

28%

My opinion

Bearish under 13.05 USD

My targets

6.94 USD (-20.36%)

4.77 USD (-45.20%)

My analysis

AVALO THERAPEUTICS INC. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 13.05 USD. The next support located at 6.94 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 4.77 USD. Below this support, sellers could then target 4.04 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.

Force

7.3

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by nfkhamis. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The AVALO THERAPEUTICS INC. price is 8.71 USD. On the day, this instrument lost -4.29% with the lowest point at 8.61 USD and the highest point at 9.36 USD. The deviation from the price is +1.16% for the low point and -6.94% for the high point.

8.61

9.36

8.71

Here is a more detailed summary of the historical variations registered by AVALO THERAPEUTICS INC.:

Technical

Technical analysis of AVALO THERAPEUTICS INC. in Daily shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	Price	R1	R2	R3
ProTrendLines	8.71	17.13	386.09	741.73
Change (%)	-	+96.67%	+4,332.72%	+8,415.84%
Change	-	+8.42	+377.38	+733.02
Level	-	Minor	Minor	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.68	8.14	8.43	8.89	9.18	9.64	9.93
Camarilla	8.50	8.57	8.64	8.71	8.78	8.85	8.92
Woodie	7.59	8.10	8.34	8.85	9.09	9.60	9.84
Fibonacci	8.14	8.43	8.61	8.89	9.18	9.36	9.64

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	1.19	4.77	6.94	10.52	12.69	16.27	18.44
Camarilla	7.52	8.05	8.57	9.10	9.63	10.15	10.68
Woodie	0.48	4.42	6.23	10.17	11.98	15.92	17.73
Fibonacci	4.77	6.97	8.33	10.52	12.72	14.08	16.27

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	-10.03	-1.02	4.04	13.05	18.11	27.12	32.18
Camarilla	5.23	6.52	7.81	9.10	10.39	11.68	12.97
Woodie	-12.01	-2.01	2.07	12.06	16.14	26.13	30.21
Fibonacci	-1.02	4.36	7.68	13.05	18.43	21.75	27.12

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	34.69
MACD (12,26,9):	-2.5800
Directional Movement:	-9.93
AROON (14):	14.29
DEMA (21):	9.48
Parabolic SAR (0,02-0,02-0,2):	21.07
Elder Ray (13):	-2.84
Super Trend (3,10):	8.22
Zig ZAG (10):	8.71
VORTEX (21):	0.8600
Stochastique (14,3,5):	13.65
TEMA (21):	9.83
Williams %R (14):	-94.88
Chande Momentum Oscillator (20):	-5.44
Repulse (5,40,3):	-20.5500
ROCnROLL:	2
TRIX (15,9):	-2.2100
Courbe Coppock:	29.95

MA7:	11.44
MA20:	12.37
MA50:	18.81
MA100:	24.84
MAexp7:	10.81
MAexp20:	13.07
MAexp50:	22.29
MAexp100:	79.11
Price / MA7:	-23.86%
Price / MA20:	-29.59%
Price / MA50:	-53.69%
Price / MA100:	-64.94%
Price / MAexp7:	-19.43%
Price / MAexp20:	-33.36%
Price / MAexp50:	-60.92%
Price / MAexp100:	-88.99%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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