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- 1 NASDAQ: SAVA stock lost 1.59% of its trading price on the August 11 trading session.
- 2 In the 52 weeks time frame, SAVA stock’s highest traded price was $51.59, and the lowest traded price was $17.85.
- 3 At the start of 2023, SAVA stock was trading between $29 to $32.
NASDAQ: SAVA stock lost 1.59% of its trading price on the August 11 trading session. Opening at $17.99, it lowered to $17.85. It hit a high of $18.14 and closed at $17.92 with an intraday trading volume of 587.717k.
In the 52 weeks time frame, SAVA stock highest traded at $51.59, and its lowest trading price was $17.85. Cassava Sciences, Inc’s share lost 13% of its trading price in a week and declined more than 20% monthly.
The annual price target of SAVA stock is $99.50, around 455.25% greater than the current share trading price. Cassava Sciences, Inc has a market capitalization of $752.102 Million, and its share average trading volume is 832.123k.
NASDAQ: SAVA Stock Price Analysis
Over the past five trading sessions, constant selling pressure has been seen, pushing SAVA stock price into the oversold territory. At press time, SAVA share was trading near the 52 week low, and there are more possibilities that it might register 52 week’ low by the end of this week.
If bears fail to sustain their position in the August 14 trading session, then there are chances that SAVA share might fall below $17 and face the upcoming support of $16.75.
If buyers succeeded in dominating sellers in today’s opening session, then SAVA share might face immediate resistance at $21.10 followed by $23.13.
Early 2023, SAVA share was trading in the range between $29 to $32. The decline in price started in March 2023 amid sustained bearish pressure.
According to TradingView, 39.408 Million SAVA shares are free-floating, and the remaining 2.562 Million shares are closely held by the company’s financial backers or the board of directors.
Technical Levels
Resistance Levels: $21.10 and $23.13
Support Level: $16.75
Conclusion
NASDAQ: SAVA stock is on a steady decline since March. However, technical analysis shows that there are chances of a sudden price reversal in the upper direction. If buyers succeed in dominating sellers in today’s opening session, the possibilities are seen that SAVA share might face immediate resistance of $21.10 and the next possible resistance of $23.13.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
