AVNET INC (AVT) Stock Technical Analysis
NASDAQ:AVT - Nasdaq - US0538071038 - Common Stock - Currency: USD
Overall AVT gets a technical rating of 8 out of 10. Although AVT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
AVT 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 AVT is lagging the market slightly.
In the last month AVT has a been trading in the 50.32 - 57.24 range, which is quite wide. It is currently trading near the high of this range.
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 68% of all stocks.
AVT is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 45% of 125 stocks in the same industry.
Although AVT has an excellent technical rating, the quality of the presented setup is not ideal 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
49.21
57.14
3 important support areas can be observed.
- A support zone ranging from 53.37 to 54.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 51.70 to 52.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.71 to 49.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @56.57 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 | UP | POSITIVE | The long term trend for AVT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVT is up. |
| ChartMill Relative Strength | 68.75 | NEUTRAL | AVT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.18 | NEUTRAL | The RSI value for AVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests AVT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.54 | OVERBOUGHT | The high Stochastics value suggests AVT may be overbought. |
| Average True Range in percent/ATR (20) | 2.01 | MEDIUM VOLATILITY | The ATR as a percentage value for AVT suggests some volalility. |
| Average Directional Index/ADX (14) | 27.2 | POSITIVE | The high ADX value value for AVT suggests a strong 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)
56.01
-0.29 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.52%
1 Week-0.46%
2 Weeks6.3%
1 Month8.53%
3 Month22.67%
6 Month8.91%
12 Month5.86%
2 Year15.48%
3 Year17%
5 Year109.62%
10 Year34.22%
15 Year122.7%
Volatility
ATR(14)1.19
ATR(20)%2.01%
ATR Inc15.77%
Range Today1.44
ADR(20)1.09
ADR(20)%1.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.75
Mansfield-0.02
10 Day High57.24
10 Day Low52.17
20 Day High57.24
20 Day Low50.32
52 Week High59.24
52 Week Low39.22
CS1 End54
CR1 Start56.57
Volume & EV
DER(3)1.55%
DER(5)1.11%
Volume434.90K
Volume Incr-12.27%
Vol(5)617.88K
Vol(50)714.26K