ADVENT CONVERT & INCOME (AVK) Stock Technical Analysis
NYSE:AVK - New York Stock Exchange, Inc. - US00764C1099 - Currency: USD
Taking everything into account, AVK scores 4 out of 10 in our technical rating. AVK 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 and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, AVK outperforms 40% of them, which is more or less in line with the market.
AVK 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 AVK is lagging the market slightly.
In the last month AVK has a been trading in the 11.35 - 12.06 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AVK has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
10.38
12.99
2 important support areas can be observed.
- Support @10.67 from a trend line in the weekly time frame.
- Support @10.48 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.70 to 11.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @12.24 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.69 to 12.86. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for AVK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVK is neutral. |
| ChartMill Relative Strength | 40.85 | NEUTRAL | AVK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVK is below a declining 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) | DOWN | NEGATIVE | The current price of AVK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.4 | NEUTRAL | The RSI value for AVK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests AVK has a negative trend. |
| Stochastics (14,3) | 35.12 | NEUTRAL | The Stochastics value for AVK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.27 | LOW VOLATILITY | The low ATR as a percentage value for AVK suggests low volalility. |
| Average Directional Index/ADX (14) | 18.97 | 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)
11.65
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week-2.35%
2 Weeks0%
1 Month-0.09%
3 Month0.09%
6 Month-1.77%
12 Month-0.6%
2 Year-0.6%
3 Year-3.32%
5 Year-10.93%
10 Year-28.57%
15 Year-26.22%
Volatility
ATR(14)0.15
ATR(20)%1.27%
ATR Inc20.53%
Range Today0.14
ADR(20)0.13
ADR(20)%1.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.85
Mansfield-0.56
10 Day High12.06
10 Day Low11.59
20 Day High12.06
20 Day Low11.35
52 Week High12.97
52 Week Low9.75
CS1 End10.67
CR1 Start11.7
Volume & EV
DER(3)-1.51%
DER(5)1.36%
Volume110.50K
Volume Incr47.13%
Vol(5)176.36K
Vol(50)146.04K