Stock Trend Analysis Report
Prepared for you on Friday, September 22, 2023.
Avid Bioservices, Inc. (NASDAQ:CDMO)
Long-Term Downtrend (-90) - CDMO is in a strong downtrend that is likely to continue. While CDMO is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid CDMO?
MarketClub looks at technical strength and momentum to determine if the timing is right for CDMO.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for CDMO
The long-term trend has been DOWN since Jun 22nd, 2023 at 13.48
The intermediate-term trend has been DOWN since Apr 26th, 2023 at 18.12
The short-term trend has been DOWN since Sep 18th, 2023 at 10.10
Smart Scan Analysis for CDMO
Based on our trend formula, CDMO is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||8.44||Year High Date||2018-09-11|
|Year Low||2.24||Year Low Date||2018-02-15|
|52wk High||21.05||52wk High Date||2023-04-13|
|52wk Low||9.28||52wk Low Date||2023-09-21|
|Average Volume||678,088||Shares Outstanding||63,113|