AVIAT NETWORKS INC (AVNW) Technical Analysis
NASDAQ:AVNW • US05366Y2019
Current stock price
AVNW Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to AVNW. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AVNW is showing a nice and steady performance.
- 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!
- Looking at the yearly performance, AVNW did better than 83% of all other stocks.
- AVNW is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AVNW is performing more or less in line with the market.
- In the last month AVNW has a been trading in the 24.23 - 26.84 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- AVNW is part of the Communications Equipment industry. There are 48 other stocks in this industry, AVNW did better than 46% of them.
AVNW Weekly and Daily overview Charts
AVNW Setup Rating and Analysis
Besides having an excellent technical rating, AVNW also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 26.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.62, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
AVNW Support and Resistance Analysis
20.65
3 important support areas can be observed.
- A support zone ranging from 24.07 to 24.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.77 from a trend line in the daily time frame.
- 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.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.04 to 26.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
AVNW 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 AVNW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVNW is neutral. |
| ChartMill Relative Strength | 83.76 | POSITIVE | AVNW has a high relative strength, it outperformed 83.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AVNW is below 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) | 48.85 | NEUTRAL | The RSI value for AVNW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests AVNW has a negative trend. |
| Stochastics (14,3) | 45.28 | NEUTRAL | The Stochastics value for AVNW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for AVNW suggests some volalility. |
| Average Directional Index/ADX (14) | 29.15 | POSITIVE | The high ADX value value for AVNW suggests a strong trend. |
AVNW Chart- and CandleStick Pattern Analysis
AVNW Example Setup
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 |
|---|---|---|---|
| 25.22 | 24.44 | 0.77 (3.06%) | 25.00% |
| An entry @25.22. This is a Buy Stop order right above the 10 day moving average. | An exit @24.44. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.77 points, which is 3.06%. | For a 0.77% total portfolio risk, you can invest 25.00% 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.
AVNW Technicals: Chart, Performance Metrics, Trend & Indicators
24.89
-0.71 (-2.77%)
AVIAT NETWORKS INC / AVNW TA FAQ
What is the ChartMill technical rating of AVIAT NETWORKS INC (AVNW) stock?
ChartMill assigns a technical rating of 9 / 10 to AVNW.
Can you provide the trend direction for AVIAT NETWORKS INC?
The current trend direction for AVIAT NETWORKS INC (AVNW) is Bullish.
What is the RSI signal for AVIAT NETWORKS INC (AVNW) stock?
AVIAT NETWORKS INC (AVNW) has an RSI value of 48.8513. This indicates that the stock is currently neutral.
Can you provide the MACD signal for AVIAT NETWORKS INC?
The MACD indicator for AVIAT NETWORKS INC (AVNW) has a value of -0.110793, indicating a bearish trend.
What is the short term momentum for AVNW stock?
The short term momentum for AVIAT NETWORKS INC (AVNW) is neutral.