AVIAT NETWORKS INC (AVNW) Stock Technical Analysis
NASDAQ:AVNW - Nasdaq - US05366Y2019 - Common Stock - Currency: USD
Overall AVNW gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, AVNW is a bad performer.
71% 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. 71% of 50 stocks in the same industry do better.
The long and short term trends are both positive. This is looking good!
In the last month AVNW has a been trading in the 18.85 - 23.02 range, which is quite wide. It is currently trading near the high of this range.
AVNW 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 AVNW is lagging the market slightly.
AVNW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. 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
16.52
23.90
4 important support areas can be observed.
- A support zone ranging from 20.26 to 20.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.41 from a trend line in the weekly time frame.
- Support @17.46 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 22.24 to 22.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @22.93 from a horizontal line in the daily time frame.
- Resistance @23.66 from a horizontal line in the weekly 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 | 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 | 29.85 | NEGATIVE | AVNW has a low relative strength, it was outperformed by 70.15% off all stocks 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) | DOWN | MIXED | The current price of AVNW is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.06 | NEUTRAL | The RSI value for AVNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AVNW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.52 | OVERBOUGHT | The high Stochastics value suggests AVNW may be overbought. |
| Average True Range in percent/ATR (20) | 3.76 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNW suggests some volalility. |
| Average Directional Index/ADX (14) | 34.24 | 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 |
|---|---|---|---|
| 22.32 | 21.19 | 1.13 (5.06%) | 19.75% |
| An entry @22.32. This is a Buy Stop order right above the resistance zone. | An exit @21.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.13 points, which is 5.06%. | For a 1.00% total portfolio risk, you can invest 19.75% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AVNW. Please evaluate whether better entry and exit points can be found.
- 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.
22.02
-0.91 (-3.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-3.97%
1 Week-0.18%
2 Weeks2.66%
1 Month6.07%
3 Month15.5%
6 Month21.52%
12 Month-25.08%
2 Year-34.01%
3 Year-12.06%
5 Year141.31%
10 Year191.27%
15 Year1.1%
Volatility
ATR(14)0.85
ATR(20)%3.76%
ATR Inc7.49%
Range Today1.2
ADR(20)0.81
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.85
Mansfield-0.19
10 Day High23.02
10 Day Low21.2
20 Day High23.02
20 Day Low18.85
52 Week High31.74
52 Week Low12.96
CS1 End20.28
CR1 Start22.24
Volume & EV
DER(3)-0.11%
DER(5)1.52%
Volume134.80K
Volume Incr5.4%
Vol(5)95.62K
Vol(50)101.20K