Technical Analysis for CDMO - Avid Bioservices, Inc.

Grade Last Price % Change Price Change
F 6.60 4.93% 0.31
CDMO closed up 4.93 percent on Monday, March 18, 2024, on 1.37 times normal volume. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Earnings Movers Other 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
Wide Bands Range Expansion 4.93%
Oversold Stochastic Weakness 4.93%
Calm After Storm Range Contraction 8.37%
Wide Bands Range Expansion 8.37%
Down 3 Days in a Row Weakness 8.37%
Down 4 Days in a Row Weakness 8.37%
Oversold Stochastic Weakness 8.37%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakout about 14 hours ago
Up 5% about 14 hours ago
2x Volume Pace about 17 hours ago
1.5x Volume Pace about 17 hours ago
Up 3% about 18 hours 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 21.04
52 Week Low 4.0705
Average Volume 1,391,269
200-Day Moving Average 9.27
50-Day Moving Average 6.92
20-Day Moving Average 7.32
10-Day Moving Average 6.80
Average True Range 0.59
RSI (14) 45.95
ADX 26.5
+DI 19.90
-DI 29.85
Chandelier Exit (Long, 3 ATRs) 7.03
Chandelier Exit (Short, 3 ATRs) 7.67
Upper Bollinger Bands 9.01
Lower Bollinger Band 5.64
Percent B (%b) 0.29
BandWidth 46.13
MACD Line -0.21
MACD Signal Line -0.02
MACD Histogram -0.188
Fundamentals Value
Market Cap 417.38 Million
Num Shares 63.2 Million
EPS -0.18
Price-to-Earnings (P/E) Ratio -36.67
Price-to-Sales 3.02
Price-to-Book 2.32
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 7.38
Resistance 3 (R3) 7.33 7.01 7.25
Resistance 2 (R2) 7.01 6.81 7.04 7.21
Resistance 1 (R1) 6.81 6.69 6.91 6.86 7.16
Pivot Point 6.49 6.49 6.55 6.52 6.49
Support 1 (S1) 6.29 6.29 6.39 6.34 6.04
Support 2 (S2) 5.97 6.17 6.00 5.99
Support 3 (S3) 5.77 5.97 5.95
Support 4 (S4) 5.82