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Stock Trend Analysis Report

Prepared for you on Friday, September 22, 2023.

Alvotech (NASDAQ:ALVO)

Strong Downtrend (-100) - ALVO is in a strong downtrend that is likely to continue. With short-term, intermediate, and long-term bearish momentum, ALVO continues to fall. Traders should use caution and set stops.

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.

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Open High Low ALVO Price Change
8.85 8.95 8.83 8.95 +0.07
Entry Signal

MarketClub’s Trade Triangles for ALVO

long term down The long-term trend has been DOWN since Apr 14th, 2023 at 9.9000

intermediate term down The intermediate-term trend has been DOWN since Aug 7th, 2023 at 8.5600

short term down The short-term trend has been DOWN since Sep 6th, 2023 at 9.6825

Smart Scan Analysis for ALVO

Based on our trend formula, ALVO is rated as a -100 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

Smart Scan Analysis for ALVO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
8.85 8.95 8.83 8.95 +0.07
Prev. Close Volume Bid Ask Time
8.88 4484 2023-09-22 10:24:01
52wk High14.652wk High Date2023-02-27
52wk Low5.5252wk Low Date2022-11-16
Average Volume37,568Shares Outstanding226,157
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