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Stock Trend Analysis Report
Prepared for you on Thursday, May 9, 2024.
Alvotech (NASDAQ:ALVO)
Sidelines Mode (+55) - ALVO is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid ALVO?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALVO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ALVO
The long-term trend has been DOWN since Apr 2nd, 2024 at 11.26
The intermediate-term trend has been UP since Apr 26th, 2024 at 14.00
The short-term trend has been DOWN since May 6th, 2024 at 14.37
Smart Scan Analysis for ALVO
Based on our trend formula, ALVO is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 13.60 | 13.60 | 13.45 | 13.56 | -0.30 |
| Prev. Close | Volume | Bid | Ask | Time |
| 13.54 | 45076 | 2024-05-08 15:59:34 |
| 52wk High | 18 | 52wk High Date | 2024-02-26 |
| 52wk Low | 6.7 | 52wk Low Date | 2023-06-29 |
| Average Volume | 251,428 | Shares Outstanding | 226,157 |