AVIAT NETWORKS INC (AVNW) Stock Technical Analysis
NASDAQ:AVNW - Nasdaq - US05366Y2019 - Common Stock - Currency: USD
Overall AVNW gets a technical rating of 8 out of 10. Although AVNW is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
AVNW is part of the Communications Equipment industry. There are 50 other stocks in this industry, of which 69% are performing better than AVNW.
Both the short term and long term trends are positive. This is a very positive sign.
AVNW 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.
When compared to the yearly performance of all other stocks, AVNW outperforms 61% of them, which is more or less in line with the market.
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.
AVNW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 23.94, a Stop Loss order could be placed below this zone.
More info and screens
16.52
25.07
We found 4 important support areas.
- A support zone ranging from 23.65 to 23.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.03 from a trend line in the weekly time frame.
- Support @17.92 from a trend line in the daily time frame.
- Support @16.69 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.37 to 24.82. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for AVNW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVNW is up. |
| ChartMill Relative Strength | 61.53 | NEUTRAL | AVNW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVNW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVNW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVNW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.52 | NEUTRAL | The RSI value for AVNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests AVNW has a negative trend. |
| Stochastics (14,3) | 71.83 | NEUTRAL | The Stochastics value for AVNW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNW suggests some volalility. |
| Average Directional Index/ADX (14) | 25.45 | POSITIVE | The high ADX value value for AVNW suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.83 | 23.64 | 1.19 (4.79%) | 20.87% |
| An entry @24.83. This is a Buy Stop order right above the resistance zone. | An exit @23.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.19 points, which is 4.79%. | When investing 20.87% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
23.95
-0.25 (-1.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-1.03%
1 Week-3.51%
2 Weeks0.04%
1 Month5.09%
3 Month39.81%
6 Month30.59%
12 Month-16.78%
2 Year-21.66%
3 Year-18.48%
5 Year133.66%
10 Year250.15%
15 Year-1.2%
Volatility
ATR(14)0.68
ATR(20)%2.95%
ATR Inc-9.92%
Range Today0.62
ADR(20)0.7
ADR(20)%2.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.53
Mansfield0.49
10 Day High25.13
10 Day Low23.56
20 Day High25.13
20 Day Low21.34
52 Week High31.74
52 Week Low12.96
CS1 End23.94
CR1 Start24.37
Volume & EV
DER(3)1.73%
DER(5)0.58%
Volume137.60K
Volume Incr-3.05%
Vol(5)95.26K
Vol(50)100.72K