DX DAILY AVGO BULL 2X SHS (AVL) Technical Analysis
NASDAQ:AVL • US25461A5699
Taking everything into account, AVL scores 3 out of 10 in our technical rating. Although AVL is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- Looking at the yearly performance, AVL did better than 77% of all other stocks. However, we also see that AVL couldn't keep up this performance in the last couple of months.
- AVL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AVL is lagging the market.
- In the last month AVL has a been trading in the 33.24 - 44.17 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, AVL does present a nice setup opportunity. Prices have been consolidating lately.
More info and screens
33.70
4 important support areas can be observed.
- A support zone ranging from 38.34 to 38.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @36.09 from a horizontal line in the weekly time frame.
- Support @34.82 from a trend line in the daily time frame.
- Support @34.04 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 42.17 to 42.28. 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 | DOWN | NEGATIVE | The long term trend for AVL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVL is neutral. |
| ChartMill Relative Strength | 77.12 | POSITIVE | AVL has a high relative strength, it outperformed 77.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVL is above the rising 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 | MIXED | The current price of AVL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.49 | NEUTRAL | The RSI value for AVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests AVL has a positive trend. |
| Stochastics (14,3) | 38.11 | NEUTRAL | The Stochastics value for AVL is a neutral value. |
| Average True Range in percent/ATR (20) | 8.51 | HIGH VOLATILITY | The high ATR as a percentage value for AVL suggests high volalility. |
| Average Directional Index/ADX (14) | 26.02 | POSITIVE | The high ADX value value for AVL suggests a strong trend. |
AVL Technicals: Chart, Performance Metrics, Trend & Indicators
38.96
+3.38 (+9.5%)
DX DAILY AVGO BULL 2X SHS / AVL FAQ
What is the technical rating for AVL stock?
ChartMill assigns a technical rating of 3 / 10 to AVL.
What is the current trend direction of DX DAILY AVGO BULL 2X SHS (AVL) stock?
The current trend direction for DX DAILY AVGO BULL 2X SHS (AVL) is Bearish.
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 50.4856. This indicates that the stock is currently neutral.
What is the MACD signal for DX DAILY AVGO BULL 2X SHS (AVL) stock?
The MACD indicator for DX DAILY AVGO BULL 2X SHS (AVL) has a value of 0.0801309, indicating a bearish trend.
What is the support and resistance level for AVL stock?
DX DAILY AVGO BULL 2X SHS (AVL) has a support level at 38.64 and a resistance level at 42.17. Check the full technical report for our detailed analysis of AVL support and resistance levels.