AVIENT CORP (AVNT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AVNT - US05368V1061 - Common Stock
Overall AVNT gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. AVNT was also a bad performer in the overall market in the last year.
Although the technical rating is bad, AVNT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 31.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.68, a Stop Loss order could be placed below this zone.
More info and screens
30.41
We found 1 important support area.
- A support zone ranging from 30.72 to 31.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 5 important resistance areas.
- A resistance zone ranging from 31.77 to 31.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.65 from a horizontal line in the daily time frame.
- Resistance @34.27 from a trend line in the weekly time frame.
- Resistance @35.97 from a trend line in the daily time frame.
- Resistance @37.78 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for AVNT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVNT is up. |
| ChartMill Relative Strength | 22.87 | NEGATIVE | AVNT has a low relative strength, it was outperformed by 77.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AVNT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AVNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.83 | NEUTRAL | The RSI value for AVNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests AVNT has a positive trend. |
| Stochastics (14,3) | 78.43 | NEUTRAL | The Stochastics value for AVNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.39 | NEGATIVE | The low ADX value for AVNT suggests a weak or negative trend. |
31.71
+0.47 (+1.5%)
AVIENT CORP / AVNT FAQ
Can you provide the ChartMill technical rating for AVIENT CORP?
ChartMill assigns a technical rating of 2 / 10 to AVNT.
Can you provide the trend direction for AVIENT CORP?
The current trend direction for AVIENT CORP (AVNT) is Bearish.
What is the RSI signal for AVIENT CORP (AVNT) stock?
AVIENT CORP (AVNT) has an RSI value of 57.8259. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AVIENT CORP?
The MACD indicator for AVIENT CORP (AVNT) has a value of 0.0666761, indicating a bearish trend.
What is the support and resistance level for AVNT stock?
AVIENT CORP (AVNT) has a support level at 31.68 and a resistance level at 31.77. Check the full technical report for our detailed analysis of AVNT support and resistance levels.