AVALONBAY COMMUNITIES INC (AVB) Stock Technical Analysis
NYSE:AVB - New York Stock Exchange, Inc. - US0534841012 - REIT - Currency: USD
Taking everything into account, AVB scores 2 out of 10 in our technical rating. AVB has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
In the last month AVB has a been trading in the 196.81 - 209.51 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
When compared to the yearly performance of all other stocks, AVB outperforms 43% of them, which is more or less in line with the market.
AVB is part of the Residential REITs industry. There are 20 other stocks in this industry, AVB did better than 68% of them.
AVB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AVB is lagging the market slightly.
Although the technical rating is bad, AVB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 206.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 205.83, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
189.77
237.71
3 important support areas can be observed.
- A support zone ranging from 201.60 to 205.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @195.58 from a trend line in the weekly time frame.
- Support @191.69 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 206.54 to 208.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 215.60 to 216.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @228.09 from a horizontal line in the daily time frame.
- Resistance @235.36 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for AVB is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVB is neutral. |
| ChartMill Relative Strength | 43.27 | NEUTRAL | AVB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AVB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AVB is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.13 | NEUTRAL | The RSI value for AVB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests AVB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.76 | OVERBOUGHT | The high Stochastics value suggests AVB may be overbought. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for AVB suggests low volalility. |
| Average Directional Index/ADX (14) | 8.54 | NEGATIVE | The low ADX value for AVB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
206.18
-2.65 (-1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryResidential REITs
Performance
% Chg-1.27%
1 Week1.49%
2 Weeks-0.29%
1 Month0.29%
3 Month-1.65%
6 Month-8.94%
12 Month2.12%
2 Year8.93%
3 Year6.14%
5 Year33.33%
10 Year28.97%
15 Year120.82%
Volatility
ATR(14)3.88
ATR(20)%1.86%
ATR Inc-6.01%
Range Today4.36
ADR(20)3.74
ADR(20)%1.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.27
Mansfield-0.83
10 Day High209.51
10 Day Low201.17
20 Day High209.51
20 Day Low196.82
52 Week High239.29
52 Week Low180.4
CS1 End205.83
CR1 Start206.54
Volume & EV
DER(3)-0.52%
DER(5)0.85%
Volume664.87K
Volume Incr2.32%
Vol(5)872.75K
Vol(50)933.36K