Question 1

What implications does the 10-day RSI indicator have for AVXL?

Accepted Answer

The 10-day RSI Indicator for AVXL moved out of overbought territory on July 30, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 29 similar instances where the indicator moved out of overbought territory. In 27 of the 29 cases, the stock moved lower in the following days. This puts the odds of a move lower at 0%.

Question 2

What does the Stochastic Oscillator suggest about AVXL's trend?

Accepted Answer

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 51 of 57 cases where AVXL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 0%.

Question 3

How did AVXL's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved below the 0 level on August 14, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on AVXL as a result. In 75 of 93 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 0%.

Question 4

What does MACD indicator imply for AVXL?

Accepted Answer

The Moving Average Convergence Divergence Histogram (MACD) for AVXL turned negative on August 05, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 39 similar instances when the indicator turned negative. In 30 of the 39 cases the stock turned lower in the days that followed. This puts the odds of success at 0%.

Question 5

What does a 3-day decline signify for AVXL's future price movement?

Accepted Answer

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 AVXL declined for three days, in 248 of 313 cases, the price declined further within the following month. The odds of a continued downward trend are 79%.

Question 6

How does the Aroon Indicator reflect on AVXL's trend?

Accepted Answer

The Aroon Indicator entered an Uptrend today. In 158 of 194 cases where AVXL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 0%.

AVXL Stock Anavex Life Sciences (AVXL, $4.49) RSI Indicator left the overbought zone on May 15, 2024

AVXL in -7.23% downward trend, sliding for three consecutive days on August 12, 2024

General Information