AVAV Technical Analysis - AEROVIRONMENT INC

Technical Rating and Analysis

Overall AVAV gets a technical rating of 10 out of 10. Both in the recent history as in the last year, AVAV has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that AVAV is one of the better performing stocks in the market, outperforming 90% of all stocks.

AVAV is part of the Aerospace & Defense industry. There are 69 other stocks in this industry. AVAV outperforms 75% of them.

AVAV is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month AVAV has a been trading in the 220.88 - 289.37 range, which is quite wide. It is currently trading near the high of this range.

AVAV has an average volume of 1196860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AEROVIRONMENT INC / AVAV Weekly stock chart

AEROVIRONMENT INC / AVAV Daily stock chart

Setup Rating and Analysis

Although AVAV has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

234.61

287.81

When analyzing the support we notice one important area.

Support @236.98 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

Resistance @284.96 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for AVAV is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AVAV is up.
ChartMill Relative Strength	90.4	POSITIVE	AVAV has a high relative strength, it outperformed 90.4% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AVAV is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of AVAV is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AVAV is above the rising SMA(200).
Relative Strength Index/RSI (14)	66.19	NEUTRAL	The RSI value for AVAV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	5.38	POSITIVE	The MACD value suggests AVAV has a positive trend.
Stochastics (14,3)	90.94	OVERBOUGHT	The high Stochastics value suggests AVAV may be overbought.
Average True Range in percent/ATR (20)	4.13	MEDIUM VOLATILITY	The ATR as a percentage value for AVAV suggests some volalility.
Average Directional Index/ADX (14)	21.25	NEUTRAL	The ADX value for AVAV suggests a possible start of a new trend.