AVIAT NETWORKS INC (AVNW) Stock Technical Analysis
NASDAQ:AVNW - Nasdaq - US05366Y2019 - Common Stock - Currency: USD
Overall AVNW gets a technical rating of 0 out of 10. AVNW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
84% of all other stocks performed better in the past year than AVNW.
AVNW is one of the lesser performing stocks in the Communications Equipment industry. 80% of 48 stocks in the same industry do better.
AVNW is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
AVNW is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AVNW is lagging the market.
The technical rating of AVNW is bad and it also does not present a 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
16.52
24.67
When analyzing the support we can see 5 important areas.
- A support zone ranging from 20.86 to 20.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.26 from a horizontal line in the daily time frame.
- Support @19.64 from a trend line in the weekly time frame.
- Support @18.40 from a trend line in the daily time frame.
- Support @16.69 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 20.89 to 21.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @23.80 from a trend line in the weekly time frame.
- Resistance @24.43 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for AVNW is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AVNW is down. |
| ChartMill Relative Strength | 16.22 | NEGATIVE | AVNW has a low relative strength, it was outperformed by 83.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVNW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AVNW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AVNW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 32.96 | NEUTRAL | The RSI value for AVNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests AVNW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.23 | OVERSOLD | The low Stochastics value suggests AVNW may be oversold. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNW suggests some volalility. |
| Average Directional Index/ADX (14) | 21.56 | NEUTRAL | The ADX value for AVNW 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)
20.88
-0.68 (-3.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-3.15%
1 Week-3.33%
2 Weeks-9.77%
1 Month-13.72%
3 Month1.02%
6 Month-11.75%
12 Month-23.99%
2 Year-40.75%
3 Year-33.29%
5 Year92.62%
10 Year200%
15 Year-11.9%
Volatility
ATR(14)0.76
ATR(20)%3.56%
ATR Inc-2.78%
Range Today0.99
ADR(20)0.73
ADR(20)%3.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.22
Mansfield-0.62
10 Day High23.77
10 Day Low20.67
20 Day High24.59
20 Day Low20.67
52 Week High28.37
52 Week Low12.96
CS1 End20.86
CR1 Start20.89
Volume & EV
DER(3)-5.39%
DER(5)-4.99%
Volume63.90K
Volume Incr-14.9%
Vol(5)75.34K
Vol(50)92.23K