Technical Analysis for CDMO - Avid Bioservices, Inc.

Grade Last Price % Change Price Change
B 8.16 -2.63% -0.22
CDMO closed down 4.34 percent on Wednesday, May 8, 2024, on 67 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.
3 Watchers
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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
Upper Bollinger Band Walk Strength -2.63%
Wide Bands Range Expansion -2.63%
Overbought Stochastic Strength -2.63%
Upper Bollinger Band Touch Strength -2.63%
Upper Bollinger Band Walk Strength -6.85%
Wide Bands Range Expansion -6.85%
Above Upper BB Strength -6.85%
Overbought Stochastic Strength -6.85%
Up 3 Days in a Row Strength -6.85%
Up 4 Days in a Row Strength -6.85%

   Recent Intraday Alerts

Alert Time
10 DMA Support 14 minutes ago
Down 5% 14 minutes ago
Down 3% 14 minutes ago
60 Minute Opening Range Breakdown about 1 hour ago
Down 2 % about 1 hour ago

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Profile

Avid Bioservices, Inc. Description

Avid Bioservices, Inc., a contract development and manufacturing organization, provides process development and current good manufacturing practices (CGMP) clinical and commercial manufacturing services focused on biopharmaceutical drug substances derived from mammalian cell culture. The company produces monoclonal antibodies and recombinant proteins; and offers services, including CGMP clinical and commercial drug substance manufacturing, bulk packaging, release and stability testing, and regulatory submission and support. It also provides various process development services, such as upstream and downstream development and optimization, analytical methods development, testing, and characterization. The company serves biotechnology and biopharmaceutical industries. The company was formerly known as Peregrine Pharmaceuticals, Inc. and changed its name to Avid Bioservices, Inc. in January 2018. Avid Bioservices, Inc. was incorporated in 1981 and is headquartered in Tustin, California.


Classification

Sector: Healthcare
Industry: Biotechnology
Keywords: Biotechnology Biopharmaceutical Life Sciences Antibodies Monoclonal Antibodies Monoclonal Antibody

Is CDMO 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 18.095
52 Week Low 4.0705
Average Volume 1,495,091
200-Day Moving Average 7.90
50-Day Moving Average 7.09
20-Day Moving Average 7.34
10-Day Moving Average 7.95
Average True Range 0.48
RSI (14) 65.40
ADX 30.47
+DI 29.45
-DI 7.71
Chandelier Exit (Long, 3 ATRs) 7.36
Chandelier Exit (Short, 3 ATRs) 7.67
Upper Bollinger Bands 8.78
Lower Bollinger Band 5.89
Percent B (%b) 0.86
BandWidth 39.42
MACD Line 0.44
MACD Signal Line 0.27
MACD Histogram 0.167
Fundamentals Value
Market Cap 529.94 Million
Num Shares 63.2 Million
EPS -0.18
Price-to-Earnings (P/E) Ratio -46.56
Price-to-Sales 3.02
Price-to-Book 2.32
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.13
Resistance 3 (R3) 9.19 8.99 9.01
Resistance 2 (R2) 8.99 8.80 8.97 8.96
Resistance 1 (R1) 8.69 8.68 8.59 8.63 8.92
Pivot Point 8.49 8.49 8.45 8.47 8.49
Support 1 (S1) 8.19 8.30 8.09 8.13 7.84
Support 2 (S2) 7.99 8.18 7.97 7.80
Support 3 (S3) 7.69 7.99 7.76
Support 4 (S4) 7.63