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ADVM Stock Adverum Biotechnologies (ADVM, $7.45) Aroon Indicator entered a Downtrend on June 06, 2024.

A.I.dvisor
at Tickeron.com
06/07/24
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ADVM - Adverum Biotechnologies
Aroon signal
Bearish Trend
Odds of DOWN Trend
Aroon signal
Price: $7.45
Daily change: -$0.13 (-1.72%)
Daily volume: 92.2K
Capitalization: $154.6M
Industry: Biotechnology
For the last three days, A.I.dvisor has detected that ADVM's AroonDown red line is above 70 while the AroonUp green line is below 30 for three straight days. This move could indicate a strong downtrend ahead for ADVM, and traders may view it as a Sell signal for the next month. Traders may consider selling the stock or exploring put options. A.I.dvisor backtested this indicator and found 328 similar cases, of which were successful. Based on this data, the odds of success are

ADVM in -6.21% downward trend, sliding for three consecutive days on August 12, 2024

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where ADVM declined for three days, in of 308 cases, the price declined further within the following month. The odds of a continued downward trend are .

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General Information

a developer of novel gene therapies to treat patients with sight-threatening ophthalmic diseases

Industry Biotechnology

Profile
Fundamentals
Details
Industry
Biotechnology
Address
100 Cardinal Way
Phone
+1 650 659-9323
Employees
121
Web
https://www.adverum.com