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    Technical Analysis for CDMO - Avid Bioservices, Inc.

    Grade Last Price % Change Price Change
    B 12.30 0.41% 0.05
    CDMO closed up 0.41 percent on Friday, November 22, 2024, on approximately 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.
    Earnings due: Dec 5
    *** please verify all earnings dates ***
    1 Watcher
    Watchlist Portfolio

    Trend Table & Recent EOD Trading Signals

    ADX Long Term Intermediate Term Short Term
    Strong Up Up Up
    Historical CDMO trend table...
    Date Alert Name Type % Chg
    Volume Surge Other 0.57%
    Calm After Storm Range Contraction 0.57%
    Narrow Range Bar Range Contraction 0.57%
    Upper Bollinger Band Walk Strength 0.57%
    Calm After Storm Range Contraction 0.41%
    NR7 Range Contraction 0.41%
    NR7-2 Range Contraction 0.41%
    Narrow Range Bar Range Contraction 0.41%
    Upper Bollinger Band Walk Strength 0.41%
    Above Upper BB Strength 0.41%
    Older End-of-Day Signals for CDMO ...

       Recent Intraday Alerts

    Alert Time
    60 Minute Opening Range Breakdown 10 days ago
    3x Volume Pace 10 days ago
    Possible NR7 11 days ago
    2x Volume Pace 11 days ago
    1.5x Volume Pace 11 days ago
    View Earlier Intraday Alerts

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    CDMO Chart by TradingView
    Basic chart:

    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
    Counts: 4 bullish, 0 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.

    Recent News

    Date Title
    Nov 17 Avid Bioservices, Inc. (CDMO): A Bull Case Theory
    Nov 15 Avid Bioservices gains as holder opposes $12.50 a share takeover
    Nov 9 Avid Bioservices: Take-Private Deal At A Reasonable Price, Maintaining Buy
    Nov 8 Avid Bioservices to be Acquired in $1.1 Billion Deal
    Nov 7 Avid Bioservices to be acquired for $1.1B in cash by GHO, Ampersand
    Nov 7 GHO and Ampersand Capital to acquire Avid Bioservices
    Nov 7 Hershey, Upwork And 3 Stocks To Watch Heading Into Thursday
    Nov 6 Avid Bioservices to Go Private in $1.1 Billion Deal
    Nov 6 Avid Bioservices to be Acquired by GHO Capital Partners and Ampersand Capital Partners in $1.1 Billion Transaction
    Oct 17 State Street Corp's Strategic Reduction in Avid Bioservices Inc Holdings
    See more CDMO news...

    Comments

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    Indicators

    Indicator Value
    52 Week High 12.48
    52 Week Low 4.0705
    Average Volume 2,040,861
    200-Day Moving Average 8.98
    50-Day Moving Average 11.02
    20-Day Moving Average 11.44
    10-Day Moving Average 12.19
    Average True Range 0.31
    RSI (14) 70.50
    ADX 34.35
    +DI 32.44
    -DI 14.25
    Chandelier Exit (Long, 3 ATRs) 11.39
    Chandelier Exit (Short, 3 ATRs) 10.83
    Upper Bollinger Bands 13.33
    Lower Bollinger Band 9.56
    Percent B (%b) 0.73
    BandWidth 32.99
    MACD Line 0.48
    MACD Signal Line 0.42
    MACD Histogram 0.0577
    Fundamentals Value
    Market Cap 777.84 Million
    Num Shares 63.2 Million
    EPS -0.18
    Price-to-Earnings (P/E) Ratio -68.33
    Price-to-Sales 3.02
    Price-to-Book 2.32
    Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
    Resistance 4 (R4) 12.38
    Resistance 3 (R3) 12.37 12.33 12.36
    Resistance 2 (R2) 12.33 12.31 12.34 12.36
    Resistance 1 (R1) 12.32 12.30 12.33 12.33 12.35
    Pivot Point 12.28 12.28 12.29 12.29 12.28
    Support 1 (S1) 12.27 12.26 12.28 12.28 12.25
    Support 2 (S2) 12.23 12.25 12.24 12.24
    Support 3 (S3) 12.22 12.23 12.24
    Support 4 (S4) 12.23