AVIAT NETWORKS INC (AVNW) Stock Technical Analysis
NASDAQ:AVNW • US05366Y2019
Overall AVNW gets a technical rating of 10 out of 10. 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 and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that AVNW is one of the better performing stocks in the market, outperforming 74% of all stocks. We also observe that the gains produced by AVNW over the past year are nicely spread over this period.
- 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.
- In the last month AVNW has a been trading in the 21.45 - 27.02 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 an average performer in the Communications Equipment industry, it outperforms 53% of 48 stocks in the same industry.
Besides having an excellent technical rating, AVNW also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AVNW in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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20.06
When analyzing the support we can see 4 important areas.
- A support zone ranging from 24.68 to 24.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.19 from a horizontal 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.
- Support @20.26 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.05 to 26.36. This zone is formed by a combination of multiple trend lines 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 | 74.93 | POSITIVE | AVNW has a high relative strength, it outperformed 74.93% 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) | UP | POSITIVE | The current price of AVNW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.15 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 32.99 | NEUTRAL | The Stochastics value for AVNW is a neutral value. |
| Average True Range in percent/ATR (20) | 5.16 | HIGH VOLATILITY | The high ATR as a percentage value for AVNW suggests high volalility. |
| Average Directional Index/ADX (14) | 31.64 | POSITIVE | The high ADX value value for AVNW suggests a strong trend. |
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 |
|---|---|---|---|
| 26.37 | 24.67 | 1.70 (6.45%) | 15.51% |
| An entry @26.37. This is a Buy Stop order right above the resistance zone. | An exit @24.67. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.70 points, which is 6.45%. | When investing 15.51% 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.
25.04
-0.09 (-0.36%)
AVIAT NETWORKS INC / AVNW FAQ
What is the ChartMill technical rating of AVIAT NETWORKS INC (AVNW) stock?
ChartMill assigns a technical rating of 10 / 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 60.1543. 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 -0.110122, indicating a bearish trend.
What is the short term momentum for AVNW stock?
The short term momentum for AVIAT NETWORKS INC (AVNW) is positive.