AVIAT NETWORKS INC (AVNW) Stock Technical Analysis
USA - NASDAQ:AVNW - US05366Y2019 - Common Stock
22.81 USD
-0.6 (-2.56%)
22.81 USD
0 (0%)
Taking everything into account, AVNW scores 3 out of 10 in our technical rating. In the last year, AVNW was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
73% 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. 74% of 48 stocks in the same industry do better.
In the last month AVNW has a been trading in the 21.59 - 26.25 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
AVNW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AVNW is lagging the market slightly.
Although the technical rating is bad, AVNW does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 22.75, a Stop Loss order could be placed below this zone.
More info and screens
20.06
26.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 22.62 to 22.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.33 from a trend line in the daily time frame.
- A support zone ranging from 20.72 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.
3 important resistance areas can be observed.
- A resistance zone ranging from 23.22 to 23.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @24.82 from a horizontal line in the weekly time frame.
- Resistance @26.35 from a horizontal 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 | UP | POSITIVE | The long term trend for AVNW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVNW is neutral. |
| ChartMill Relative Strength | 27.88 | NEGATIVE | AVNW has a low relative strength, it was outperformed by 72.12% 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 | MIXED | The current price of AVNW is above a declining 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) | 47.71 | NEUTRAL | The RSI value for AVNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests AVNW has a negative trend. |
| Stochastics (14,3) | 35.08 | NEUTRAL | The Stochastics value for AVNW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.77 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNW suggests some volalility. |
| Average Directional Index/ADX (14) | 27.57 | 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)
22.81
-0.6 (-2.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryCommunications Equipment
Performance
% Chg-2.56%
1 Week-2.85%
2 Weeks0.55%
1 Month-3.06%
3 Month-4.72%
6 Month20.82%
12 Month1.06%
2 Year-26.89%
3 Year-16.69%
5 Year107.74%
10 Year265.55%
15 Year-7.05%
Volatility
ATR(14)1.1
ATR(20)%4.77%
ATR Inc-17.46%
Range Today0.96
ADR(20)1.02
ADR(20)%4.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.88
Mansfield0.15
10 Day High26.25
10 Day Low22.42
20 Day High26.25
20 Day Low21.6
52 Week High26.83
52 Week Low12.96
CS1 End22.75
CR1 Start23.22
Volume & EV
DER(3)0.78%
DER(5)1.63%
Volume91.40K
Volume Incr-19.24%
Vol(5)104.58K
Vol(50)104.28K