AVIENT CORP (AVNT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AVNT - US05368V1061 - Common Stock
Taking everything into account, AVNT scores 2 out of 10 in our technical rating. In the past year, AVNT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
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. There is very little resistance above the current price. There is a support zone below the current price at 30.89, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
30.45
We found 1 important support area.
- A support zone ranging from 30.76 to 30.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
6 important resistance areas can be observed.
- Resistance @30.97 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 31.50 to 31.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.75 from a trend line in the weekly time frame.
- Resistance @34.88 from a trend line in the weekly time frame.
- Resistance @35.59 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 | DOWN | NEGATIVE | The long term trend for AVNT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVNT is up. |
| ChartMill Relative Strength | 12.31 | NEGATIVE | AVNT has a low relative strength, it was outperformed by 87.69% 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) | 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) | 53.1 | NEUTRAL | The RSI value for AVNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests AVNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.93 | OVERBOUGHT | The high Stochastics value suggests AVNT may be overbought. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.52 | NEUTRAL | The ADX value for AVNT suggests a possible start of a new trend. |
30.96
-0.55 (-1.75%)
AVIENT CORP / AVNT FAQ
What is the technical rating for AVNT stock?
ChartMill assigns a technical rating of 2 / 10 to AVNT.
What is the current trend direction of AVIENT CORP (AVNT) stock?
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 53.1031. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AVIENT CORP?
The MACD indicator for AVIENT CORP (AVNT) has a value of 0.219841, indicating a bearish trend.
Can you provide the support and resistance levels for AVIENT CORP?
AVIENT CORP (AVNT) has a support level at 30.89 and a resistance level at 30.97. Check the full technical report for our detailed analysis of AVNT support and resistance levels.