Stock Trend Analysis Report
Prepared for you on Friday, August 19, 2022.
Avid Bioservices, Inc. (NASDAQ:CDMO)
Weak Downtrend (-65) - CDMO is showing signs of a strengthening downtrend. Monitor CDMO as it may be building momentum to the downside.
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 Jan 14th, 2022 at 20.30
The intermediate-term trend has been UP since Jun 7th, 2022 at 13.91
The short-term trend has been DOWN since Aug 17th, 2022 at 18.87
Smart Scan Analysis for CDMO
Based on our trend formula, CDMO is rated as a -65 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||34.51||52wk High Date||2021-11-11|
|52wk Low||11.3||52wk Low Date||2022-05-12|
|Average Volume||514,939||Shares Outstanding||61,835|