ADVENT CONVERT & INCOME (AVK) Stock Technical Analysis
USA - NYSE:AVK - US00764C1099
12.8 USD
-0.11 (-0.85%)
12.7587 USD
-0.04 (-0.32%)
Taking everything into account, AVK scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AVK is only an average performer.
The long and short term trends are both positive. This is looking good!
AVK 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.
When comparing the performance of all stocks over the past year, AVK turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
In the last month AVK has a been trading in a tight range between 12.55 and 13.10.
AVK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 12.69, a Stop Loss order could be placed below this zone.
More info and screens
11.93
13.14
When analyzing the support we can see 2 important areas.
- A support zone ranging from 12.54 to 12.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.05 to 12.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 12.81 to 13.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 AVK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVK is up. |
| ChartMill Relative Strength | 66.57 | NEUTRAL | AVK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AVK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.26 | NEUTRAL | The RSI value for AVK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests AVK has a negative trend. |
| Stochastics (14,3) | 58.48 | NEUTRAL | The Stochastics value for AVK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for AVK suggests low volalility. |
| Average Directional Index/ADX (14) | 19.78 | NEGATIVE | The low ADX value for AVK 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 13.02 | 12.74 | 0.28 (2.15%) | 25.00% |
| An entry @13.02. This is a Buy Stop order right above the resistance zone. | An exit @12.74. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.28 points, which is 2.15%. | For a 0.54% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
12.8
-0.11 (-0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.85%
1 Week-1.54%
2 Weeks0%
1 Month0.79%
3 Month3.56%
6 Month18.74%
12 Month12.08%
2 Year35.02%
3 Year9.31%
5 Year-6.02%
10 Year-9.41%
15 Year-29.63%
Volatility
ATR(14)0.15
ATR(20)%1.14%
ATR Inc74.65%
Range Today0.19
ADR(20)0.14
ADR(20)%1.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.57
Mansfield-0.25
10 Day High13.1
10 Day Low12.75
20 Day High13.1
20 Day Low12.55
52 Week High13.1
52 Week Low9.75
CS1 End12.69
CR1 Start12.81
Volume & EV
DER(3)-4.28%
DER(5)-1.69%
Volume132.50K
Volume Incr7.24%
Vol(5)161.64K
Vol(50)157.15K