PHVS Stock Technical Analysis

PHVS Stock Technical Analysis

PHVS Stock Technical Analysis: Indepth technical analysis for PHVS Stock and trade recommendation for the next trading day.

Pharvaris NV is a clinical-stage company. On NASDAQ, Pharvaris NV is listed with a ticker symbol PHVS.

Current PHVS Price

Performance on December 8th

  • Open Price: $2.51
  • Close Price: $11.46
  • Change in Price: +356.57%
  • Market Cap: $386,957,982

PHVS Stock Technical Analysis

PHVS closed up 356.57 percent on Thursday, December 8, 2022. The stock rose above its 50-day moving average. The sudden surge in the PHVS stock came after the company announced positive top-line data for PHVS416.

PSVS stock’s 52-week high is $27.50 and since then the price has been on a downtrend with almost no sign of recovery. The stock reported its 52-week low at $1.77.

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On the above chart, PSVS broke over its 50-day Moving Average and started a bullish burn. The signal remains bullish even for December 9th’s trading day.

However, the price is moving below the 200-day MA. PSVS is on the path of moving above the 200-day MA. If so happens, we may see PSVS stock moving closer to $20.

The first level of support for PSVS stock is at $8.74 and the resistance is at $14.86. PSVS is unlikely to fall below the support level but looking at the volume, it is on track to breach this resistance.

PHVS Stock Technical Analysis (RSI and Momentum Oscillator)

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The RSI for PHVS is 89.68 which is in an over brought territory. PHVS may see a marginal retreat as the bears may try to short the stock but bulls may overshadow the bears’ action and PHVS may rise higher. Analyzing the RSI, the momentum is Neutral.

The momentum oscillator is well over 0 and it is throwing a completely bullish signal. Currently, MO is at 9.16

PHVS Stock Technical Analysis: Overall Recommendation

Counts: 3 bullish, and 1 neutral indicator.

Overall for the last trading day of this week, the momentum is bullish and the trade recommendation is a Strong Buy.

**The following analysis is for educational purposes only. Please do your own research before making any investment decisions.**

PHVS Stock Technical Analysis

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