AVIENT CORP (AVNT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:AVNT • US05368V1061
Taking everything into account, AVNT scores 8 out of 10 in our technical rating. Although AVNT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month AVNT has a been trading in the 33.31 - 39.36 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, AVNT outperforms 66% of them, which is more or less in line with the market.
- AVNT is an average performer in the Chemicals industry, it outperforms 54% 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 currently trading near new highs, so AVNT is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although AVNT has an excellent technical rating, it does not offer a high 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
35.64
When analyzing the support we can see 2 important areas.
- A support zone ranging from 37.12 to 37.22. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 36.00 to 36.49. 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 | UP | POSITIVE | The long term trend for AVNT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVNT is up. |
| ChartMill Relative Strength | 66.97 | NEUTRAL | AVNT is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of AVNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.54 | OVERBOUGHT | The high RSI value suggests AVNT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests AVNT has a positive trend. |
| Stochastics (14,3) | 86.3 | OVERBOUGHT | The high Stochastics value suggests AVNT may be overbought. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNT suggests some volalility. |
| Average Directional Index/ADX (14) | 42.81 | POSITIVE | The high ADX value value for AVNT suggests a strong trend. |
38.76
+0.45 (+1.17%)
AVIENT CORP / AVNT FAQ
Can you provide the ChartMill technical rating for AVIENT CORP?
ChartMill assigns a technical rating of 8 / 10 to AVNT.
Can you provide the trend direction for AVIENT CORP?
The current trend direction for AVIENT CORP (AVNT) is Bullish.
What is the RSI signal for AVIENT CORP (AVNT) stock?
AVIENT CORP (AVNT) has an RSI value of 70.5442. This indicates that the stock is currently overbought.
Can you provide the MACD signal for AVIENT CORP?
The MACD indicator for AVIENT CORP (AVNT) has a value of 0.0925606, indicating a bearish trend.
What is the support and resistance level for AVNT stock?
AVIENT CORP (AVNT) has a support level at 37.22. Check the full technical report for our detailed analysis of AVNT support and resistance levels.