Question 1

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

Accepted Answer

The RSI Indicator demonstrates that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 2

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

Accepted Answer

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 5 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Question 3

How did ALVO's Momentum indicator behave recently?

Accepted Answer

The Momentum Indicator moved above the 0 level on September 24, 2024. You may want to consider a long position or call options on ALVO as a result. In 40 of 94 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 43%.

Question 4

What does MACD indicator imply for ALVO?

Accepted Answer

The Moving Average Convergence Divergence (MACD) for ALVO just turned positive on September 19, 2024. Looking at past instances where ALVO's MACD turned positive, the stock continued to rise in 16 of 41 cases over the following month. The odds of a continued upward trend are 39%.

Question 5

What is the significance of the 50-day moving average indicator for ALVO?

Accepted Answer

ALVO moved above its 50-day moving average on September 27, 2024 date and that indicates a change from a downward trend to an upward trend.

Question 6

What is the significance of the 10-day moving average indicator for ALVO?

Accepted Answer

The 10-day moving average for ALVO crossed bullishly above the 50-day moving average on October 02, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In 5 of 10 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 50%.

Question 7

What does a 3-day price advance indicate for ALVO?

Accepted Answer

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ALVO advanced for three days, in 123 of 193 cases, the price rose further within the following month. The odds of a continued upward trend are 64%.

Question 8

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

Accepted Answer

Following a 3-day decline, the stock is projected to fall further. Considering past instances where ALVO declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 63%.

Question 9

What does ALVO breaking above its upper Bollinger Band indicate?

Accepted Answer

ALVO broke above its upper Bollinger Band on October 02, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Question 10

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

Accepted Answer

The Aroon Indicator for ALVO entered a downward trend on September 20, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

ALVO Stock Alvotech (ALVO, $15.23) entered a monthly bullish trend. Expect an Uptrend continuation

ALVO in +3.10% Uptrend, growing for three consecutive days on October 03, 2024

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