AVIENT CORP (AVNT) Stock Technical Analysis
NYSE:AVNT - New York Stock Exchange, Inc. - US05368V1061 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to AVNT. AVNT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, AVNT is a bad performer in the overall market: 83% of all stocks are doing better.
AVNT is one of the lesser performing stocks in the Chemicals industry. 60% of 85 stocks in the same industry do better.
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 31.91 - 35.90 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
AVNT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 35.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.79, a Stop Loss order could be placed below this zone.
More info and screens
30.12
39.41
When analyzing the support we can see 3 important areas.
- A support zone ranging from 32.30 to 32.79. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @31.18 from a horizontal line in the weekly time frame.
- Support @30.42 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 35.13 to 35.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.29 to 37.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.02 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for AVNT is neutral. |
| ChartMill Relative Strength | 17.46 | NEGATIVE | AVNT has a low relative strength, it was outperformed by 82.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AVNT is above 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) | 48.39 | NEUTRAL | The RSI value for AVNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests AVNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.53 | NEUTRAL | The Stochastics value for AVNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.91 | 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)
34.21
-0.72 (-2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-2.06%
1 Week-0.64%
2 Weeks3.51%
1 Month-5.13%
3 Month9.89%
6 Month-10.35%
12 Month-21.91%
2 Year-15.59%
3 Year-20.72%
5 Year43.14%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.11
ATR(20)%3.17%
ATR Inc9.73%
Range Today0.49
ADR(20)0.99
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.46
Mansfield-2.47
10 Day High35.79
10 Day Low31.91
20 Day High35.9
20 Day Low31.91
52 Week High54.68
52 Week Low27.86
CS1 End32.79
CR1 Start35.13
Volume & EV
DER(3)1.39%
DER(5)1.87%
Volume893.60K
Volume Incr13.35%
Vol(5)881.82K
Vol(50)672.99K