AVIENT CORP (AVNT) Technical Analysis
NYSE:AVNT • US05368V1061
Current stock price
AVNT Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to AVNT. In the last year, AVNT was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- AVNT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
- When comparing the performance of all stocks over the past year, AVNT turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
- AVNT is part of the Chemicals industry. There are 82 other stocks in this industry, AVNT did better than 44% of them.
- 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 Weekly and Daily overview Charts
AVNT Setup Rating and Analysis
AVNT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 37.55, a Stop Loss order could be placed below this zone.
More info and screens
AVNT Support and Resistance Analysis
32.31
We found 3 important support areas.
- A support zone ranging from 36.65 to 37.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.22 from a trend line in the daily time frame.
- Support @32.64 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 37.64 to 38.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @41.26 from a trend line in the weekly time frame.
- A resistance zone ranging from 42.76 to 43.40. This zone is formed by a combination of multiple trend lines in the weekly time frame.
AVNT Technical Indicator Signal Analysis
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 | UP | POSITIVE | The long term trend for AVNT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVNT is neutral. |
| ChartMill Relative Strength | 50.83 | 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) | DOWN | NEGATIVE | The current price of AVNT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.76 | NEUTRAL | The RSI value for AVNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests AVNT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.8 | NEUTRAL | The Stochastics value for AVNT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNT suggests some volalility. |
| Average Directional Index/ADX (14) | 20.3 | NEUTRAL | The ADX value for AVNT suggests a possible start of a new trend. |
AVNT Chart- and CandleStick Pattern Analysis
AVNT Technicals: Chart, Performance Metrics, Trend & Indicators
37.56
+0.47 (+1.27%)
AVIENT CORP / AVNT TA FAQ
Can you provide the ChartMill technical rating for AVIENT CORP?
ChartMill assigns a technical rating of 5 / 10 to AVNT.
Can you provide the trend direction for AVIENT CORP?
The current trend direction for AVIENT CORP (AVNT) is Bullish.
Can you provide the RSI signal for AVIENT CORP?
AVIENT CORP (AVNT) has an RSI value of 53.7603. This indicates that the stock is currently neutral.
What are the support and resistance levels for AVIENT CORP (AVNT) stock?
AVIENT CORP (AVNT) has a support level at 37.55 and a resistance level at 37.64. Check the full technical report for our detailed analysis of AVNT support and resistance levels.