Avidity Biosciences 15min Chart: Bollinger Bands Expand Downward, Bearish Marubozu

Based on the 15-minute chart of Avidity Biosciences, the Bollinger Bands have been expanding downward, indicating a bearish trend. The recent bearish Marubozu candlestick pattern at 08/25/2022 10:45 reinforces this notion, suggesting that sellers are currently driving the market. As a result, it is likely that the bearish momentum will continue.

Avidity Biosciences' Chief Medical Officer, Steven George Hughes, sold 2,208 shares of common stock on August 22, 2025, at a weighted-average price of $46.4047, totaling $102,461 [1]. This transaction, filed under SEC Form 4, indicates Hughes' direct ownership of 38,867 shares post-sale. The sale was conducted under a pre-established Rule 10b5-1 trading plan adopted on June 12, 2024.

Analyzing Avidity Biosciences' 15-minute chart, technical indicators provide a bearish outlook. The Bollinger Bands have been expanding downward, suggesting a decline in stock price volatility. This expansion, coupled with a recent bearish Marubozu candlestick pattern on August 25, 2022, at 10:45, indicates sellers are currently dominant, reinforcing a bearish trend [2]. Consequently, it is likely that the bearish momentum will continue, potentially influencing investor sentiment and future stock performance.

References:
[1] https://www.tradingview.com/news/tradingview:bf549da165e47:0-avidity-biosciences-cmo-sells-shares/
[2] https://www.tradingview.com/news/tradingview:bf549da165e47:0-avidity-biosciences-cmo-sells-shares/