AVIENT CORP (AVNT)
US05368V1061 - Common Stock
We assign a technical rating of 9 out of 10 to AVNT. Both in the recent history as in the last year, AVNT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
AVNT is part of the Chemicals industry. There are 84 other stocks in this industry. AVNT outperforms 79% of them.
A new 52 week high is currently being made by AVNT, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so AVNT is leading the market.
In the last month AVNT has a been trading in the 40.82 - 44.18 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, AVNT did better than 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Besides having an excellent technical rating, AVNT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 43.95. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 43.07, a Stop Loss order could be placed below this zone.
More info and screens
32.16
44.39
4 important support areas can be observed.
- A support zone ranging from 42.63 to 43.07. 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 41.27 to 41.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @40.01 from a trend line in the daily time frame.
- Support @32.48 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.95 to 43.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.31
Mansfield0.45
10 Day High44.18
10 Day Low42.16
20 Day High44.18
20 Day Low40.82
52 Week High44.18
52 Week Low27.73
Performance
1 Week2.69%
2 Weeks3.73%
1 Month3.61%
3 Month19.89%
6 Month29.35%
12 Month14.16%
2 Year-10.69%
3 Year-15.47%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)61.42
LBB41.59
UBB43.97
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 43.96 | 42.62 | 1.34 (3.05%) | 25.00% |
| An entry @43.96. This is a Buy Stop order right above the resistance zone. | An exit @42.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.34 points, which is 3.05%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.76%. |
- The distance between exit and entry is rather small compared to the average daily movement of AVNT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
AVIENT CORP
NYSE:AVNT (5/2/2024, 7:04:00 PM)
After market: 43.94 0 (0%)43.94
+0.96 (+2.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg2.23%
1 Week2.69%
2 Weeks3.73%
1 Month3.61%
3 Month19.89%
6 Month29.35%
12 Month14.16%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.97
ATR(20)%2.24%
ATR Inc
Range Today1.09
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High44.18
10 Day Low42.16
20 Day High44.18
20 Day Low40.82
52 Week High44.18
52 Week Low27.73
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume477.10K
Volume Incr-17.07%
Vol(5)449.31K
Vol(50)440.62K