Avid Bioservices Inc (CDMO)

[FloridaGators1975]

Indicator Review(s) : PPHM

note: Daily parameter

http://kuhnscharts.com/Technicalindicators.html

Parabolic Stop and Reverse (PSAR)
Wednesday, PPHM closed above the trigger point for the Parabolic SAR and is currently registering a bullish signal. The current Significant Point, below which a reversal to the bearish side would occur, is 1.66.
Bollinger Bands ®
PPHM is above the upper Bollinger Band, implying that it is currently extended from its recent trend. Be aware, however, that a cross outside of the Bollinger Bands can sometimes be a signal of trend strength and not, necessarily, trend reversal.
Simple Moving Average (SMA)
PPHM is trading above its 50 day simple moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.
Moving Average Convergence Divergence(MACD)
The MACD for PPHM currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher.
Stochastics
The Stochastic Oscillator is registering a bullish signal as the %K line is above the %D; however the oscillator has moved above the critical value of 80 and may now be overbought. The overbought condition suggests that the upwards momentum experienced in this stock may not be sustainable.
Relative Strength Index (RSI)
The RSI, which is currently at 84.29% and above the critical level of 70, suggests that PPHM is overbought. While a stock that is overbought may continue to rally, investors should be especially careful when PPHM begins to lose strength and RSI dips below 70.