Avcorp Industries Inc (AVP.CA) Stock Technical Analysis
Canada - Toronto Stock Exchange - TSX:AVP - CA05354K3047 - Common Stock
We assign a technical rating of 5 out of 10 to AVP. In the last year, AVP was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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.
- AVP is part of the Aerospace & Defense industry. There are 13 other stocks in this industry. AVP outperforms 75% of them.
- AVP 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 AVP is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that AVP is one of the better performing stocks in the market, outperforming 85% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- In the last month AVP has a been trading in a tight range between 0.10 and 0.11.
- Volume is considerably higher in the last couple of days.
AVP has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.07
When analyzing the support we notice one important area.
- A support zone ranging from 0.07 to 0.07. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.11 to 0.11. This zone is formed by a combination of multiple trend lines and important moving averages 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 AVP.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVP.CA is neutral. |
| ChartMill Relative Strength | 85.25 | POSITIVE | AVP.CA has a high relative strength, it outperformed 85.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVP.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AVP.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AVP.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.58 | NEUTRAL | The RSI value for AVP.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AVP.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for AVP.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 0.95 | LOW VOLATILITY | The low ATR as a percentage value for AVP.CA suggests low volalility. |
| Average Directional Index/ADX (14) | 35.72 | POSITIVE | The high ADX value value for AVP.CA suggests a strong trend. |
TSX:AVP (11/8/2022, 7:00:00 PM)
0.105
-0.01 (-4.55%)
Avcorp Industries Inc / AVP.CA FAQ
What is the technical rating for AVP stock?
ChartMill assigns a technical rating of 4 / 10 to AVP.CA.
What is the current trend direction of Avcorp Industries Inc (AVP.CA) stock?
The current trend direction for Avcorp Industries Inc (AVP.CA) is Bullish.
What is the RSI signal for AVP stock?
Avcorp Industries Inc (AVP.CA) has an RSI value of 47.5823. This indicates that the stock is currently neutral.
What is the short term momentum for Avcorp Industries Inc (AVP.CA) stock?
The short term momentum for Avcorp Industries Inc (AVP.CA) is neutral.