AVIENT CORP (AVNT) Stock Technical Analysis
NYSE:AVNT - New York Stock Exchange, Inc. - US05368V1061 - Common Stock - Currency: USD
Overall AVNT gets a technical rating of 1 out of 10. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
80% of all other stocks performed better in the past year than AVNT.
AVNT is an average performer in the Chemicals industry, it outperforms 50% of 85 stocks in the same industry.
AVNT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AVNT is lagging the market slightly.
In the last month AVNT has a been trading in the 33.55 - 40.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, AVNT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 35.87, a Stop Loss order could be placed below this zone.
More info and screens
30.87
39.41
2 important support areas can be observed.
- A support zone ranging from 35.87 to 35.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.18 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 36.56 to 36.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.38 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 | 20.19 | NEGATIVE | AVNT has a low relative strength, it was outperformed by 79.81% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AVNT is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AVNT is above a declining 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) | 49.97 | NEUTRAL | The RSI value for AVNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests AVNT has a negative trend. |
| Stochastics (14,3) | 23.95 | NEUTRAL | The Stochastics value for AVNT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.28 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNT suggests some volalility. |
| Average Directional Index/ADX (14) | 22.37 | NEUTRAL | The ADX value for AVNT suggests a possible start of a new 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)
36.13
-0.43 (-1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-1.18%
1 Week-0.03%
2 Weeks-4.9%
1 Month8.11%
3 Month-15.52%
6 Month-29.5%
12 Month-19.14%
2 Year-1.01%
3 Year-26.56%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%3.28%
ATR Inc-21.93%
Range Today0.77
ADR(20)0.91
ADR(20)%2.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.19
Mansfield-1.88
10 Day High38.05
10 Day Low35.14
20 Day High40.17
20 Day Low33.55
52 Week High54.68
52 Week Low27.86
CS1 End35.87
CR1 Start36.56
Volume & EV
DER(3)0.01%
DER(5)-1.37%
Volume612.40K
Volume Incr-26.35%
Vol(5)427.06K
Vol(50)688.34K