Technical Analysis for ALVO - Alvotech

Grade Last Price % Change Price Change
B 14.51 0.21% 0.03
ALVO closed up 0.21 percent on Thursday, May 2, 2024, on 86 percent of normal volume. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
Earnings due: May 22
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Up

Date Alert Name Type % Chg
Pocket Pivot Bullish Swing Setup 0.00%
Narrow Range Bar Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Narrow Range Bar Range Contraction 0.21%
Overbought Stochastic Strength 0.21%
Gapped Up Strength 0.07%
Overbought Stochastic Strength 0.07%
Up 3 Days in a Row Strength 0.07%
Up 4 Days in a Row Strength 0.07%

   Recent Intraday Alerts

Alert Time
Possible Inside Day about 9 hours ago
Possible Pocket Pivot about 10 hours ago
2x Volume Pace about 13 hours ago
1.5x Volume Pace about 13 hours ago
60 Minute Opening Range Breakdown 1 day ago

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Profile

Alvotech Description

Alvotech is a biotech company, founded by Robert Wessman, focused solely on the development and manufacture of biosimilar medicines for patients worldwide. Alvotech seeks to be a global leader in the biosimilar space by delivering high quality, cost-effective products and services, enabled by a fully integrated approach and broad in-house capabilities. Alvotech’s current pipeline contains eight biosimilar candidates aimed at treating autoimmune disorders, eye disorders, osteoporosis, respiratory disease, and cancer. Alvotech has formed a network of strategic commercial partnerships to provide global reach and leverage local expertise in markets that include the U.S., Europe, Japan, China, and other Asian countries and large parts of South America, Africa and the Middle East. Alvotech’s commercial partners include Teva Pharmaceuticals, a US affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA; US), STADA Arzneimittel AG (EU and select other territories), Fuji Pharma Co., Ltd (TSE: 4554; Japan), Cipla/Cipla Gulf/Cipla Med Pro (NSE: CIPLA; Australia, New Zealand, South Africa/Africa), JAMP Pharma Corporation (Canada), Yangtze River Pharmaceutical (Group) Co., Ltd. (China), DKSH (SWX:DKSH; Taiwan, Hong Kong, Cambodia, Malaysia, Singapore, Indonesia, India, Bangladesh and Pakistan), YAS Holding LLC (Middle East and North Africa), Abdi Ibrahim (Turkey), Kamada Ltd. (NASDAQ and TASE: KMDA; Israel), Mega Labs, Stein, Libbs, Tuteur and Saval (Latin America) and Lotus Pharmaceuticals Co., Ltd. (1795:TT; Thailand, Vietnam, Philippines, and South Korea). Each commercial partnership covers a unique set of product(s) and territories. Except as specifically set forth therein, Alvotech disclaims responsibility for the content of periodic filings, disclosures and other reports made available by its partners.


Classification

Sector: Healthcare
Industry: Drug Manufacturers - Specialty & Generic
Keywords: Cancer Life Sciences Pharmaceutical Respiratory Diseases Autoimmune Disorders Osteoporosis Biosimilar Pharmaceutical Industry In India

Is ALVO a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 18.0
52 Week Low 6.7
Average Volume 268,871
200-Day Moving Average 11.42
50-Day Moving Average 14.08
20-Day Moving Average 13.09
10-Day Moving Average 13.90
Average True Range 0.42
RSI (14) 67.85
ADX 29.06
+DI 37.95
-DI 18.62
Chandelier Exit (Long, 3 ATRs) 13.49
Chandelier Exit (Short, 3 ATRs) 12.46
Upper Bollinger Bands 14.94
Lower Bollinger Band 11.25
Percent B (%b) 0.88
BandWidth 28.17
MACD Line 0.25
MACD Signal Line -0.02
MACD Histogram 0.2773
Fundamentals Value
Market Cap 3.86 Billion
Num Shares 266 Million
EPS -2.81
Price-to-Earnings (P/E) Ratio -5.16
Price-to-Sales 65.35
Price-to-Book 0.00
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.70
Resistance 3 (R3) 14.70 14.63 14.67
Resistance 2 (R2) 14.63 14.58 14.63 14.66
Resistance 1 (R1) 14.57 14.55 14.60 14.57 14.65
Pivot Point 14.51 14.51 14.52 14.51 14.51
Support 1 (S1) 14.45 14.46 14.48 14.45 14.37
Support 2 (S2) 14.38 14.43 14.38 14.36
Support 3 (S3) 14.32 14.38 14.35
Support 4 (S4) 14.32