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(CDMO) Avid Bioservices complete technical analysis [charts+indicators] | Buy/Sell Avid Bioservices | (CDMO) share price targets

Complete technical analysis of Avid Bioservices (CDMO) by charts plus indicators, forecast predictions and share price targets for Avid Bioservices (CDMO)

Avid Bioservices trades in USA in Health Care sector.

10 day averaged volume of Avid Bioservices is 857433

Date Daily Closing Price Open High Low Volume
31 Fri May 2024 8.09 8.01 8.14 7.88 0.833 times
30 Thu May 2024 7.95 7.99 8.10 7.84 0.877 times
29 Wed May 2024 7.97 8.40 8.47 7.95 0.737 times
28 Tue May 2024 8.62 8.74 8.89 8.58 0.556 times
23 Thu May 2024 8.83 9.13 9.26 8.66 0.861 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 8.2, but if it comes above 8.2, then a intra day buy could be more profitable.
If you take a sell trade below 8.2, then use 8.2 as stoploss and 7.7 as target. However if you take a buy trade in stock , then use 8.2 as stoploss and 8.67 as target.

Share price targets for Avid Bioservices (CDMO)

Target Type Value
Downside Target 5.65
Downside Target 5.90
Downside Target 6.02
Downside Target 7.14
Downside Target 7.47
Downside Target 7.84
Upside Target 8.30
Upside Target 8.66
Upside Target 8.80
Upside Target 8.83
Upside Target 8.89
Upside Target 9.35
Upside Target 9.87

Intraday share price targets for Avid Bioservices (CDMO)

Target Type Value
Downside Intraday Target 7.66
Downside Intraday Target 7.22
Upside Intraday Target 8.71
Upside Intraday Target 9.32
Upside Intraday Target 8.27

Weekly technical analysis of Avid Bioservices (CDMO)

Date Weekly Closing Price Open High Low Volume
31 Fri May 2024 8.09 8.74 8.89 7.84 0.883 times
23 Thu May 2024 8.83 9.12 9.35 8.66 0.403 times
17 Fri May 2024 9.12 8.72 9.87 8.67 1.504 times
10 Fri May 2024 8.67 8.34 8.80 7.96 0.659 times
03 Fri May 2024 8.25 7.41 8.45 7.14 1.251 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Avid Bioservices (CDMO)

Date Monthly Closing Price Open High Low Volume
31 Fri May 2024 8.09 7.61 9.87 7.47 0.966 times
30 Tue Apr 2024 7.63 6.62 7.84 6.14 0.539 times
28 Thu Mar 2024 6.70 7.76 8.83 5.90 2.214 times
29 Thu Feb 2024 7.68 6.83 8.30 6.02 0.927 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Avid Bioservices (CDMO)

Indicator Name Indicator Value Indicator Signal
ADX 22, 26, 9 Sell
MACD 0, 1Sell
Stochastics 6Sell
CCI -109Buy
RSI 45Sell
OBV 5895821Sell
VWAP 9Sell
ADL 0Sell
ROC -13Sell
Force Index 0Sell

Price action analysis of Avid Bioservices ( (CDMO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Avid Bioservices ( (CDMO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Avid Bioservices ( (CDMO) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Avid Bioservices ( (CDMO) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Avid Bioservices stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Avid Bioservices in short term but the sell signal is initial and weak.

Avid Bioservices Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Avid Bioservices in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Avid Bioservices is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.81 and Avid Bioservices (CDMO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Avid Bioservices (CDMO) stock. Volume based technical analysis of Avid Bioservices (CDMO) stock is negative.

Avid Bioservices Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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