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Stock Trend Analysis Report

Prepared for you on Monday, April 22, 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.

Open High Low ALVO Price Change
13.250 13.350 13.225 13.320 +0.100
Entry Signal

MarketClub’s Trade Triangles for ALVO

long term down The long-term trend has been DOWN since Apr 2nd, 2024 at 11.26

intermediate term down The intermediate-term trend has been DOWN since Feb 29th, 2024 at 15.26

short term up The short-term trend has been UP since Apr 15th, 2024 at 12.30

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).

Smart Scan Analysis for ALVO
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
13.250 13.350 13.225 13.320 +0.100
Prev. Close Volume Bid Ask Time
13.220 168328 2024-04-22 15:59:42
52wk High1852wk High Date2024-02-26
52wk Low6.752wk Low Date2023-06-29
Average Volume256,452Shares Outstanding226,157
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