Dynavax Technologies Corporation (DVAX)

DVAX stock forecast: buy or sell

DVAX stock outlook

  • Counting on Friday, it's been 3 consecutive sessions in positive for Dynavax Technologies. Price closed on Friday at $7.78 after dropping a -11.79%.
  • On Wednesday, Dynavax Technologies released its Q2 earnings report
  • The stock is configuring an uptrend pattern since mid-March, when it bottomed at $1.80. This uptrend marked a 332.22% gain
  • Dynavax Technologies Corporation, a biopharmaceutical company, focuses on leveraging the power of the body's innate and adaptive immune responses through toll-like receptor stimulation.
No ad for you

Please read:
The thoughts given in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this text does not have an understanding of the particular circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are posted for educative purposes only

DVAX stock chart overview

Should I buy Dynavax Technologies stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is DVAX stock a buy?

Currently, Dynavax Technologies stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for DVAX in coming sessions, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

No ad for you

Should I sell Dynavax Technologies stock?

Do you know when is it time to sell Dynavax Technologies stock?. Like when we have to buy shares, determining when is appropiate time to sell is not a random decision, and we must follow our own trading strategy. We like very simple setups to guide us on when is a good time to sell our shares. Be aware that these setups should not be used for selling short Dynavax Technologies stock

As a golden rule, you should not hold an investment that yields greater losses than those expected by the time of purchase. The moment to sell shares must always be determined by the stop-loss (automatic or manual)

Is it time to sell Dynavax Technologies stock?

Currently, Dynavax Technologies stock doesn't match any of our preferred sell setups, so if you hold Dynavax Technologies stock and your operation is in profit probably is not time to sell now

Price lost SMA50 level

Dynavax Technologies stock gained 123.82% in 2 months during the time it was above the 50-day simple moving average. Nonetheless that uptrend may be over, or show evidences of running out, since the price fell below that moving-average level on Friday. For medium-term investors who made profits from the stock during the period the price was over the average, this flag should be a heads up and a reason to sell the shares and cash in on their returns

No ad for you

Analysts' recommendations to buy or sell Dynavax Technologies stock

Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal

In the last month, just one rating was published for Dynavax Technologies

No ad for you

Dynavax Technologies ratings

Brokerage firmRating
Aug 3rd, 2020
HC Wainwright Strong buy

Technical analysis

Dynavax Technologies shares started an uptrend in mid-March, and grew an amazing 332.22%. The price shows higher peaks and higher lows, and along the way provided some entry points for those who wanted to trade in. Latest pullback was in mid-June, when price bounced at $5.38. Like in all uptrends, price needs to take breath and currently price is moving in a range between $12.44 and $5.38

SMAs overview

A favorite tool of many technical analysts are the moving averages, that easily show trend momentum. A moving average is the average price of a stock over a set period of time. Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days

Supports and resistances

Investors use supports and resistances to find price points on a chart that may work as obstacles, containing the price of a stock to move in certain direction. Supports are levels where the price may find support as it falls. Price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down the support, it will probably continue falling until finding another support level. On the other hand, resistances are where the price may find opposition as it moves up. In the same way, this means that the price is more likely to "bounce off" at this level, and if it finally ruptures this level, it will rally more easily until it meets the next resistance

The current resistances are:

  • R1: $7.85 (0.9% above)
  • R2: $8.12 (4.37% above)
  • R3: $8.15 (4.76% above)
  • The current supports are:

  • S1: $7.74 (-0.51% below)
  • S2: $7.45 (-4.24% below)
  • S3: $7.20 (-7.46% below)
  • Bollinger bands

    This is an indicator that was designed in the 1980s by John Bollinger. It comprises three bands that are superimposed on the price evolution chart:

    • The central band is a moving average, usually a simple moving average calculated with 20 periods
    • The upper band is calculated by adding to the value of the simple moving average 2 times the standard deviation of the moving average
    • The lower band is calculated by subtracting from the simple moving average 2 times the standard deviation of the moving average

    Relative strength index

    The Relative Strength Index is an oscillator-type indicator that track price fluctuations to spot when the price of a share or financial asset is oversold or overbought. Like other oscillation indicators, the RSI fluctuates from 0% to 100%. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in the late 1970s

    The RSI dropped below the overbought level of 70 on July 21 after just crossing to the overbough zone for just one day (weak signal). The RSI reading on Friday was 42.96. Dynavax Technologies price dropped a 33.5% since RSI lost the overbought zone

    No ad for you

    Earnings and financials

    Dynavax Technologies Corporation (DVAX) posted adjusted EPS for the fiscal Q2 that severely lowered Market expectations. Quarterly EPS was $0.00 per share instead of $-0.24. This Q2 report means an earnings surprise of 100%. Forecasted revenue for this quarter was $5.9 million but Dynavax Technologies poorly missed by 54.86%, posting $2.7 million.

    Compared to the same quarter one year ago, EPS was $-0.66, so current EPS means a increase of 100%. Looking at sales, figures collapsed a -67.86% compared to $8.3M same quarter last year.

    DVAX will host the earnings call next November. Wall Street predicts a per-share earnings of %s of $0.00, compared to Q2 that was $0.00. Earnings reporting day has an additional risk for stock investors as the data provided can jump up or down the price with exceptionally low volume and not honouring your buy or stop-loss orders. Check company's website to confirm time and details about the earnings call and the earnings report.

    No ad for you