Technical Analysis for CDMO - Avid Bioservices, Inc.

Grade Last Price % Change Price Change
C 8.74 -1.02% -0.09
CDMO closed down 1.02 percent on Friday, May 24, 2024, on 34 percent of normal volume.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Up Up Down

Date Alert Name Type % Chg
1,2,3 Pullback Bullish Bullish Swing Setup 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup 0.00%
Inside Day Range Contraction 0.00%
MACD Bearish Signal Line Cross Bearish -1.02%
1,2,3 Pullback Bullish Bullish Swing Setup -1.02%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -1.02%
Outside Day Range Expansion -1.02%
NR7 Range Contraction -3.85%
NR7-2 Range Contraction -3.85%
Wide Bands Range Expansion -3.85%

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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 17.39
52 Week Low 4.0705
Average Volume 1,134,960
200-Day Moving Average 7.69
50-Day Moving Average 7.50
20-Day Moving Average 8.61
10-Day Moving Average 9.06
Average True Range 0.49
RSI (14) 57.81
ADX 41.11
+DI 26.53
-DI 12.31
Chandelier Exit (Long, 3 ATRs) 8.41
Chandelier Exit (Short, 3 ATRs) 8.17
Upper Bollinger Bands 9.71
Lower Bollinger Band 7.52
Percent B (%b) 0.56
BandWidth 25.33
MACD Line 0.46
MACD Signal Line 0.51
MACD Histogram -0.0466
Fundamentals Value
Market Cap 552.71 Million
Num Shares 63.2 Million
EPS -0.18
Price-to-Earnings (P/E) Ratio -48.56
Price-to-Sales 3.02
Price-to-Book 2.32
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 9.31
Resistance 3 (R3) 9.36 9.23 9.22
Resistance 2 (R2) 9.23 9.08 9.20 9.18
Resistance 1 (R1) 8.98 8.99 8.92 8.93 9.15
Pivot Point 8.85 8.85 8.81 8.82 8.85
Support 1 (S1) 8.60 8.70 8.54 8.55 8.33
Support 2 (S2) 8.47 8.61 8.44 8.30
Support 3 (S3) 8.22 8.47 8.27
Support 4 (S4) 8.17