AVIENT CORP (AVNT) Stock Technical Analysis
NYSE:AVNT - US05368V1061 - Common Stock
37.23 USD
-0.3 (-0.8%)
37.23 USD
0 (0%)
Taking everything into account, AVNT scores 6 out of 10 in our technical rating. AVNT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
84% of all other stocks performed better in the past year than AVNT.
AVNT is part of the Chemicals industry. There are 84 other stocks in this industry, of which 63% are performing better than AVNT.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month AVNT has a been trading in the 31.15 - 38.22 range, which is quite wide. It is currently trading near the high of this range.
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.
AVNT has an average technical rating and it also 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
30.47
38.05
5 important support areas can be observed.
- A support zone ranging from 36.51 to 36.93. 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 35.23 to 35.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.33 from a trend line in the weekly time frame.
- A support zone ranging from 32.25 to 32.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 30.78 to 31.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.41 to 37.67. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for AVNT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVNT is up. |
| ChartMill Relative Strength | 16.24 | NEGATIVE | AVNT has a low relative strength, it was outperformed by 83.76% off all stocks 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) | DOWN | NEGATIVE | The current price of AVNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.22 | NEUTRAL | The RSI value for AVNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests AVNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.44 | OVERBOUGHT | The high Stochastics value suggests AVNT may be overbought. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.46 | 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)
37.23
-0.3 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.8%
1 Week5.32%
2 Weeks3.13%
1 Month17.93%
3 Month3.04%
6 Month-12.95%
12 Month-24.22%
2 Year-7.18%
3 Year-15.06%
5 Year45.89%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.04
ATR(20)%2.93%
ATR Inc-22.78%
Range Today0.79
ADR(20)1.07
ADR(20)%2.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.24
Mansfield-1.67
10 Day High38.22
10 Day Low34.8
20 Day High38.22
20 Day Low31.15
52 Week High54.68
52 Week Low27.86
CS1 End36.62
CR1 Start37.54
Volume & EV
DER(3)-0.21%
DER(5)0.07%
Volume466.11K
Volume Incr-9.51%
Vol(5)667.74K
Vol(50)784.61K