AVNET INC (AVT) Stock Technical Analysis
NASDAQ:AVT - Nasdaq - US0538071038 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to AVT. AVT has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month AVT has a been trading in the 51.36 - 57.24 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, AVT turns out to be only a medium performer in the overall market: it outperformed 50% of all stocks.
AVT is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 44% of 124 stocks in the same industry.
AVT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AVT is lagging the market slightly.
Volume is considerably higher in the last couple of days.
AVT 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
49.25
58.28
When analyzing the support we can see 2 important areas.
- A support zone ranging from 51.86 to 51.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.75 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 52.26 to 52.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 55.80 to 56.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 57.69 to 57.70. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for AVT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVT is neutral. |
| ChartMill Relative Strength | 50.82 | NEUTRAL | AVT is not amongst the best or worst performers 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) | UP | MIXED | The current price of AVT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AVT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.5 | NEUTRAL | The RSI value for AVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests AVT has a negative trend. |
| Stochastics (14,3) | 27.53 | NEUTRAL | The Stochastics value for AVT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for AVT suggests some volalility. |
| Average Directional Index/ADX (14) | 18.92 | NEGATIVE | The low ADX value for AVT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
51.87
-1.07 (-2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-2.02%
1 Week-3.05%
2 Weeks-5.69%
1 Month-7.82%
3 Month4.32%
6 Month0.41%
12 Month2.19%
2 Year2.21%
3 Year18.18%
5 Year88.55%
10 Year22.33%
15 Year126.51%
Volatility
ATR(14)1.06
ATR(20)%2.17%
ATR Inc145.22%
Range Today1.03
ADR(20)1.07
ADR(20)%2.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.82
Mansfield-0.66
10 Day High55.75
10 Day Low51.36
20 Day High57.24
20 Day Low51.36
52 Week High59.24
52 Week Low39.22
CS1 End51.86
CR1 Start52.26
Volume & EV
DER(3)0.86%
DER(5)2.61%
Volume907.20K
Volume Incr25.39%
Vol(5)901.58K
Vol(50)659.68K