AVNET INC (AVT) Stock Technical Analysis
USA - NASDAQ:AVT - US0538071038 - Common Stock
Overall AVT gets a technical rating of 0 out of 10. AVT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of AVT is bad and it also does not present a 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
46.84
4 important resistance areas can be observed.
- A resistance zone ranging from 49.73 to 49.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 52.09 to 53.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 54.95 to 55.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @56.56 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for AVT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AVT is down. |
| ChartMill Relative Strength | 19.35 | NEGATIVE | AVT has a low relative strength, it was outperformed by 80.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AVT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AVT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AVT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.61 | NEUTRAL | The RSI value for AVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests AVT has a negative trend. |
| Stochastics (14,3) | 18.55 | OVERSOLD | The low Stochastics value suggests AVT may be oversold. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for AVT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.41 | POSITIVE | The high ADX value value for AVT suggests a strong trend. |
47.31
-0.84 (-1.74%)
AVNET INC / AVT FAQ
Can you provide the ChartMill technical rating for AVNET INC?
ChartMill assigns a technical rating of 0 / 10 to AVT.
Can you provide the trend direction for AVNET INC?
The current trend direction for AVNET INC (AVT) is Bearish.
Can you provide the RSI signal for AVNET INC?
AVNET INC (AVT) has an RSI value of 30.6099. This indicates that the stock is currently neutral.
What is the MACD signal for AVNET INC (AVT) stock?
The MACD indicator for AVNET INC (AVT) has a value of -0.40484, indicating a bearish trend.
What are the support and resistance levels for AVNET INC (AVT) stock?
AVNET INC (AVT) has a resistance level at 49.73. Check the full technical report for our detailed analysis of AVT support and resistance levels.