MISSION PRODUCE INC (AVO) Stock Technical Analysis
NASDAQ:AVO - Nasdaq - US60510V1089 - Common Stock - Currency: USD
Taking everything into account, AVO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AVO is showing a nice and steady performance.
AVO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 12.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.35, a Stop Loss order could be placed below this zone. 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.
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9.66
When analyzing the support we can see 6 important areas.
- A support zone ranging from 12.04 to 12.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.71 to 11.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.85 from a trend line in the daily time frame.
- Support @10.65 from a trend line in the weekly time frame.
- A support zone ranging from 9.93 to 10.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.76 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.53 to 12.57. 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 AVO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVO is up. |
| ChartMill Relative Strength | 81.48 | POSITIVE | AVO has a high relative strength, it outperformed 81.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.05 | NEUTRAL | The RSI value for AVO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AVO has a positive trend. |
| Stochastics (14,3) | 77.31 | NEUTRAL | The Stochastics value for AVO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.12 | MEDIUM VOLATILITY | The ATR as a percentage value for AVO suggests some volalility. |
| Average Directional Index/ADX (14) | 20.64 | NEUTRAL | The ADX value for AVO suggests a possible start of a new 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 |
|---|---|---|---|
| 12.58 | 12.03 | 0.55 (4.37%) | 22.87% |
| An entry @12.58. This is a Buy Stop order right above the resistance zone. | An exit @12.03. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.55 points, which is 4.37%. | When investing 22.87% 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.
12.41
+0.03 (+0.24%)