AVIENT CORP (AVNT) Stock Technical Analysis
USA - NYSE:AVNT - US05368V1061 - Common Stock
34.39 USD
-0.35 (-1.01%)
34.39 USD
0 (0%)
We assign a technical rating of 1 out of 10 to AVNT. AVNT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
86% of all other stocks performed better in the past year than AVNT.
AVNT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month AVNT has a been trading in the 34.10 - 38.31 range, which is quite wide. It is currently trading near the lows of this range.
AVNT is an average performer in the Chemicals industry, it outperforms 43% of 83 stocks in the same industry.
The technical rating of AVNT is bad and it also does not present a 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
30.12
38.16
When analyzing the support we can see 4 important areas.
- Support @33.88 from a trend line in the weekly time frame.
- A support zone ranging from 32.31 to 32.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @31.56 from a horizontal line in the daily time frame.
- A support zone ranging from 30.42 to 30.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 35.08 to 35.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 36.52 to 37.78. 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 AVNT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AVNT is down. |
| ChartMill Relative Strength | 14.04 | NEGATIVE | AVNT has a low relative strength, it was outperformed by 85.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AVNT is below the rising 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) | 39.59 | NEUTRAL | The RSI value for AVNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests AVNT has a negative trend. |
| Stochastics (14,3) | 3.17 | OVERSOLD | The low Stochastics value suggests AVNT may be oversold. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNT suggests some volalility. |
| Average Directional Index/ADX (14) | 13.76 | NEGATIVE | The low ADX value for AVNT 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)
34.39
-0.35 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.01%
1 Week-3.86%
2 Weeks-7%
1 Month-8.68%
3 Month4.72%
6 Month-6.83%
12 Month-31.78%
2 Year-2.63%
3 Year13.5%
5 Year29.97%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.99
ATR(20)%2.79%
ATR Inc-20.25%
Range Today1.17
ADR(20)0.88
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.04
Mansfield-2.21
10 Day High37.62
10 Day Low34.1
20 Day High38.31
20 Day Low34.1
52 Week High54.68
52 Week Low27.86
CS1 End33.88
CR1 Start35.08
Volume & EV
DER(3)0.35%
DER(5)0.1%
Volume536.70K
Volume Incr46.57%
Vol(5)699.76K
Vol(50)649.35K