AVAV Technical Analysis - AEROVIRONMENT INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to AVAV. 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!

AVAV is part of the Aerospace & Defense industry. There are 69 other stocks in this industry. AVAV outperforms 79% of them.

AVAV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AVAV is lagging the market slightly.

In the last month AVAV has a been trading in the 275.44 - 417.86 range, which is quite wide. It is currently trading near the high of this range.

AVAV has an average volume of 1116970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that AVAV is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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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, the quality of the presented setup is not ideal 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

244.03

377.84

We found 2 important support areas.

A support zone ranging from 257.29 to 257.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @246.49 from a trend 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	92.44	POSITIVE	AVAV has a high relative strength, it outperformed 92.44% 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)	62.87	NEUTRAL	The RSI value for AVAV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.29	NEGATIVE	The MACD value suggests AVAV has a negative trend.
Stochastics (14,3)	74.42	NEUTRAL	The Stochastics value for AVAV is a neutral value.
Average True Range in percent/ATR (20)	5.09	HIGH VOLATILITY	The high ATR as a percentage value for AVAV suggests high volalility.
Average Directional Index/ADX (14)	42.55	POSITIVE	The high ADX value value for AVAV suggests a strong trend.