AVANOS MEDICAL INC (AVNS) Technical Analysis
NYSE:AVNS • US05350V1061
Current stock price
AVNS Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to AVNS. Both in the recent history as in the last year, AVNS has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that AVNS is one of the better performing stocks in the market, outperforming 95% of all stocks.
- AVNS is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 97% of 187 stocks in the same industry.
- AVNS 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.
- AVNS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- AVNS has an average volume of 1298650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AVNS Weekly and Daily overview Charts
AVNS Setup Rating and Analysis
Besides having an excellent technical rating, AVNS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.67. Right above this resistance zone may be a good entry point.
More info and screens
AVNS Support and Resistance Analysis
12.72
4 important support areas can be observed.
- A support zone ranging from 24.61 to 24.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @14.50 from a trend line in the daily time frame.
- A support zone ranging from 13.93 to 14.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.85 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.66 to 24.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
AVNS Technical Indicator Signal Analysis
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 AVNS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVNS is up. |
| ChartMill Relative Strength | 95.47 | POSITIVE | AVNS has a high relative strength, it outperformed 95.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVNS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVNS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVNS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 90.32 | OVERBOUGHT | The high RSI value suggests AVNS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests AVNS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 99.31 | OVERBOUGHT | The high Stochastics value suggests AVNS may be overbought. |
| Average True Range in percent/ATR (20) | 3.02 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNS suggests some volalility. |
| Average Directional Index/ADX (14) | 50.83 | POSITIVE | The high ADX value value for AVNS suggests a strong trend. |
AVNS Chart- and CandleStick Pattern Analysis
AVNS Example Setup
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 |
|---|---|---|---|
| 24.73 | 24.61 | 0.12 (0.49%) | 25.00% |
| An entry @24.73. This is a Buy Stop order right above the resistance zone. | An exit @24.61. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.12 points, which is 0.49%. | For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AVNS. Please evaluate whether better entry and exit points can be found.
- 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.
AVNS Technicals: Chart, Performance Metrics, Trend & Indicators
24.62
-0.04 (-0.16%)
AVANOS MEDICAL INC / AVNS TA FAQ
Can you provide the ChartMill technical rating for AVANOS MEDICAL INC?
ChartMill assigns a technical rating of 9 / 10 to AVNS.
What is the trend direction for AVNS stock?
The current trend direction for AVANOS MEDICAL INC (AVNS) is Bullish.
What is the RSI signal for AVANOS MEDICAL INC (AVNS) stock?
AVANOS MEDICAL INC (AVNS) has an RSI value of 90.3195. This indicates that the stock is currently overbought.
Can you provide the short term momentum for AVANOS MEDICAL INC?
The short term momentum for AVANOS MEDICAL INC (AVNS) is positive.
What is the support and resistance level for AVNS stock?
AVANOS MEDICAL INC (AVNS) has a support level at 24.65 and a resistance level at 24.67. Check the full technical report for our detailed analysis of AVNS support and resistance levels.