Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>SAVA stock price is taking support at the level of $12.</a></li>
 <li><span>2</span> <a>SAVA stock trading below the 20, 50, 100, and 200 daily moving averages showcasing bears’ dominance on the daily chart.</a></li>
 <li><span>3</span> <a>Buyers were looking aggressive so far.</a></li>
</ul>
<p>The SAVA stock price is taking a pause after a prolonged downtrend, defending the level of $12 on the daily time frame. In previous trading sessions, bulls showed their power with a surge of 13.21%.</p>
<p>The SAVA stock price might soon attempt to make a bullish rally. However, as it is below the key EMA levels, the buyers will have to face multiple resistance levels in order to attain the price target. Bulls are currently making solid efforts to take charge of the trend.</p>
<p>SAVA stock price opened at the level of $12.75 making a high of $14.69 as it touched a low of $12.71 and closed at the price of $14.31. Additionally, the total change was 13.21% within the trading volume of 2.576 Million.</p>
<p>SAVA stock price lost 23.68% last week. It fell by 22.76% last month. Moreover, Cassava stock witnessed a decline of about 40.38% in the past six months and plunged 61.12% over the past year. Also, Cassava’s stock price has dropped around 52.06% since the beginning of the year. These trends showcase the challenges faced by SAVA shares in their recovery efforts and the poor performance throughout the year.</p>
<h2 class="wp-block-heading" id="strong-is-sava-stock-price-ready-to-take-off-strong"><strong>Is SAVA Stock Price Ready to Take off?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1272" height="577" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-542.png" alt="SAVA Stock Defending $12 Level; is SAVA Stock Ready to Flip Trend" class="wp-image-176710" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-542.png 1272w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-542-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-542-1024x465.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-542-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-542-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-542-1140x517.png 1140w" sizes="(max-width: 1272px) 100vw, 1272px">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div>
<p>SAVA stock has showcased sellers’ strength on the daily chart. Profit booking in the stock was noted on the technical charts. Moreover, the price is below the key EMAs, suggesting the stock is weak.</p>
<p>The RSI curve is near the oversold region at 34 but it bounced back from there, and a negative outlook was noted, indicating bearishness in the stock. The MACD shows red bars. A bearish crossover was noted which signals bearish moves in the 1-day time frame.</p>
<h2 class="wp-block-heading" id="strong-analysts-forecast-about-the-sava-stock-strong"><strong>Analysts’ Forecast About the SAVA Stock</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1275" height="444" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-541.png" alt="SAVA Stock Defending $12 Level; is SAVA Stock Ready to Flip Trend" class="wp-image-176709" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-541.png 1275w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-541-300x104.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-541-1024x357.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-541-768x267.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-541-750x261.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-541-1140x397.png 1140w" sizes="(max-width: 1275px) 100vw, 1275px">
 </figure>
</div>
<p>As per trading view the analysts gave Cassava Sciences a strong buy rating.&nbsp;</p>
<p>SAVA <a href="https://docs.google.com/document/d/1A2Rz6hGotLN69kurt3kFR4hdP0wEqTZikBgXFyZbaEg/edit?usp=sharing" target="_blank" rel="noopener noreferrer nofollow">stock price</a> has an average price target of $75.00, which implies a potential increase of 424.11% from its current price of $14.31. The price targets vary from a high of $124.00 to a low of $75.00.</p>
<h2 class="wp-block-heading" id="strong-what-weekly-technical-charts-tell-about-cassava-sciences-strong"><strong>What Weekly Technical Charts Tell About Cassava Sciences?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" loading="lazy" width="1272" height="577" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-543.png" alt="SAVA Stock Defending $12 Level; is SAVA Stock Ready to Flip Trend" class="wp-image-176711" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-543.png 1272w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-543-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-543-1024x465.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-543-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-543-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-543-1140x517.png 1140w" sizes="(max-width: 1272px) 100vw, 1272px">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div>
<p>SAVA stock price is being dominated by the sellers on the weekly charts. Moreover, the price is below the key EMAs, which shows further weakness in the stock. The RSI curve is near the oversold region at 33, and a negative outlook was noted, indicating bearishness in the stock. The MACD persisted to form red bars, and a bearish crossover was noted, which signals corrective moves.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>SAVA stock price is exhibiting bearish momentum on the daily and weekly time frame. The stock price made multiple attempts to break the 50 EMA resistance level. Key EMAs like MACD and RSI are in the oversold zone. However, the stock is defending the level of $12, so, it is likely to reverse its direction from here.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels: </strong>$16.50 and $15.00</p>
<p><strong>Resistance Levels:</strong> $19.10 and $20.50</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.</p>

SAVA Stock Defending $12 Level; is SAVA Stock Ready to Flip Trend

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