AVIENT CORP (AVNT) Technical Analysis
NYSE:AVNT • US05368V1061
We assign a technical rating of 4 out of 10 to AVNT. AVNT has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month AVNT has a been trading in the 35.22 - 44.85 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, AVNT outperforms 52% of them, which is more or less in line with the market.
- AVNT is an average performer in the Chemicals industry, it outperforms 56% of 83 stocks in the same industry.
- AVNT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AVNT is lagging the market slightly.
AVNT has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
36.21
When analyzing the support we notice one important area.
- A support zone ranging from 36.58 to 36.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 36.63 to 37.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @42.15 from a trend line in the weekly time frame.
- Resistance @43.40 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 | NEUTRAL | NEUTRAL | The long term trend for AVNT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AVNT is down. |
| ChartMill Relative Strength | 52.58 | NEUTRAL | AVNT is not amongst the best or worst performers 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 | MIXED | The current price of AVNT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.07 | NEUTRAL | The RSI value for AVNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.86 | NEGATIVE | The MACD value suggests AVNT has a negative trend. |
| Stochastics (14,3) | 7.51 | OVERSOLD | The low Stochastics value suggests AVNT may be oversold. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNT suggests some volalility. |
| Average Directional Index/ADX (14) | 35.12 | POSITIVE | The high ADX value value for AVNT suggests a strong trend. |
AVNT Technicals: Chart, Performance Metrics, Trend & Indicators
36.62
+0.03 (+0.08%)
AVIENT CORP / AVNT FAQ
Can you provide the ChartMill technical rating for AVIENT CORP?
ChartMill assigns a technical rating of 4 / 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 33.0725. 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 -0.862166, indicating a bearish trend.
What is the support and resistance level for AVNT stock?
AVIENT CORP (AVNT) has a support level at 36.58 and a resistance level at 36.63. Check the full technical report for our detailed analysis of AVNT support and resistance levels.