Technical Analysis for CDMO - Avid Bioservices, Inc.

Grade Last Price % Change Price Change
D 10.63 0.66% 0.07
CDMO closed up 0.66 percent on Friday, October 4, 2024, on 45 percent of normal volume. It ran into resistance at its 50 day moving average. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Flat Down

Date Alert Name Type % Chg
50 DMA Resistance Bearish 0.00%
Oversold Stochastic Weakness 0.00%
Fell Below 50 DMA Bearish 0.66%
Stochastic Reached Oversold Weakness 0.66%
Down 3 Days in a Row Weakness 0.66%
Oversold Stochastic Weakness 0.66%
Fell Below 20 DMA Bearish -1.02%
Wide Bands Range Expansion -1.02%
20 DMA Support Bullish -3.28%
Wide Bands Range Expansion -3.28%

   Recent Intraday Alerts

Alert Time
60 Minute Opening Range Breakdown about 22 hours ago
Down 1% about 22 hours ago
50 DMA Resistance about 22 hours ago
Rose Above Previous Day's High about 23 hours ago
Rose Above 50 DMA about 23 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 12.48
52 Week Low 4.0705
Average Volume 864,266
200-Day Moving Average 8.20
50-Day Moving Average 10.66
20-Day Moving Average 11.04
10-Day Moving Average 11.03
Average True Range 0.60
RSI (14) 47.92
ADX 19.15
+DI 21.03
-DI 22.42
Chandelier Exit (Long, 3 ATRs) 10.68
Chandelier Exit (Short, 3 ATRs) 10.54
Upper Bollinger Bands 12.37
Lower Bollinger Band 9.72
Percent B (%b) 0.34
BandWidth 23.95
MACD Line 0.12
MACD Signal Line 0.23
MACD Histogram -0.1147
Fundamentals Value
Market Cap 672.23 Million
Num Shares 63.2 Million
EPS -0.18
Price-to-Earnings (P/E) Ratio -59.06
Price-to-Sales 3.02
Price-to-Book 2.32
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 11.46
Resistance 3 (R3) 11.47 11.22 11.32
Resistance 2 (R2) 11.22 11.01 11.21 11.27
Resistance 1 (R1) 10.92 10.88 10.80 10.91 11.23
Pivot Point 10.67 10.67 10.60 10.66 10.67
Support 1 (S1) 10.37 10.46 10.25 10.36 10.03
Support 2 (S2) 10.12 10.33 10.11 9.99
Support 3 (S3) 9.82 10.12 9.94
Support 4 (S4) 9.81