DX DAILY AVGO BULL 2X SHS (AVL) Stock Technical Analysis
USA - NASDAQ:AVL - US25461A5699 - ETF
Overall AVL gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
AVL has an excellent technical rating, but the quality of the setup is only medium 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
49.78
We found 1 important support area.
- A support zone ranging from 50.28 to 50.28. 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 59.34 to 59.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily 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 | UP | POSITIVE | The long term trend for AVL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVL is neutral. |
| ChartMill Relative Strength | 96.77 | POSITIVE | AVL has a high relative strength, it outperformed 96.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AVL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.82 | NEUTRAL | The RSI value for AVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.03 | NEGATIVE | The MACD value suggests AVL has a negative trend. |
| Stochastics (14,3) | 21.82 | NEUTRAL | The Stochastics value for AVL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.79 | HIGH VOLATILITY | The high ATR as a percentage value for AVL suggests high volalility. |
| Average Directional Index/ADX (14) | 15.35 | NEGATIVE | The low ADX value for AVL suggests a weak or negative trend. |
54.22
+0.62 (+1.16%)
DX DAILY AVGO BULL 2X SHS / AVL FAQ
What is the technical rating for AVL stock?
ChartMill assigns a technical rating of 8 / 10 to AVL.
What is the trend direction for AVL stock?
The current trend direction for DX DAILY AVGO BULL 2X SHS (AVL) is Bullish.
Can you provide the RSI signal for DX DAILY AVGO BULL 2X SHS?
DX DAILY AVGO BULL 2X SHS (AVL) has an RSI value of 43.8189. This indicates that the stock is currently neutral.
What is the short term momentum for AVL stock?
The short term momentum for DX DAILY AVGO BULL 2X SHS (AVL) is neutral.
Can you provide the support and resistance levels for DX DAILY AVGO BULL 2X SHS?
DX DAILY AVGO BULL 2X SHS (AVL) has a support level at 50.28 and a resistance level at 59.34. Check the full technical report for our detailed analysis of AVL support and resistance levels.