AVIENT CORP (AVNT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AVNT - US05368V1061 - Common Stock
Overall AVNT gets a technical rating of 6 out of 10. In the past year, AVNT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
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 upside lately. For a nice entry it is better to wait for a consolidation.
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29.67
When analyzing the support we can see 3 important areas.
- Support @34.07 from a trend line in the weekly time frame.
- A support zone ranging from 31.63 to 32.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.97 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @35.88 from a trend line in the daily time frame.
- A resistance zone ranging from 37.59 to 37.78. 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 | 40.03 | 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) | DOWN | MIXED | The current price of AVNT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.72 | OVERBOUGHT | The high RSI value suggests AVNT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests AVNT has a positive trend. |
| Stochastics (14,3) | 81.2 | OVERBOUGHT | The high Stochastics value suggests AVNT may be overbought. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNT suggests some volalility. |
| Average Directional Index/ADX (14) | 24.84 | NEUTRAL | The ADX value for AVNT suggests a possible start of a new trend. |
34.29
+1.28 (+3.88%)
AVIENT CORP / AVNT FAQ
Can you provide the ChartMill technical rating for AVIENT CORP?
ChartMill assigns a technical rating of 6 / 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 70.716. 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 0.24899, indicating a bearish trend.
What is the support and resistance level for AVNT stock?
AVIENT CORP (AVNT) has a support level at 34.07 and a resistance level at 35.88. Check the full technical report for our detailed analysis of AVNT support and resistance levels.