AVNET INC (AVT) Stock Technical Analysis
NASDAQ:AVT - Nasdaq - US0538071038 - Common Stock - Currency: USD
Overall AVT gets a technical rating of 3 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.
When comparing the yearly performance of all stocks, AVT is a bad performer in the overall market: 66% of all stocks are doing better.
AVT has an average volume of 1044150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
AVT is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 51% of 125 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.
In the last month AVT has a been trading in the 45.80 - 52.96 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
AVT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 49.71, a Stop Loss order could be placed below this zone.
More info and screens
49.11
57.14
We found 1 important support area.
- A support zone ranging from 49.61 to 49.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 50.45 to 52.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @53.75 from a horizontal line in the daily time frame.
- Resistance @54.95 from a horizontal line in the weekly time frame.
- 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 | 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 | 34.43 | 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 | POSITIVE | The current price of AVT is above the rising 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) | 48.68 | NEUTRAL | The RSI value for AVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests AVT has a negative trend. |
| Stochastics (14,3) | 28.8 | NEUTRAL | The Stochastics value for AVT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for AVT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.66 | 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)
49.72
-0.45 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.9%
1 Week-4.16%
2 Weeks-1.39%
1 Month-4.27%
3 Month-4.11%
6 Month-8.69%
12 Month-9.52%
2 Year13.41%
3 Year2.62%
5 Year82.53%
10 Year12.97%
15 Year73.12%
Volatility
ATR(14)1.1
ATR(20)%2.81%
ATR Inc-13.66%
Range Today0.82
ADR(20)1.19
ADR(20)%2.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS34.43
Mansfield-0.6
10 Day High52.96
10 Day Low49.13
20 Day High52.96
20 Day Low45.8
52 Week High59.24
52 Week Low39.22
CS1 End49.71
CR1 Start50.45
Volume & EV
DER(3)-2.45%
DER(5)-1.33%
Volume452.20K
Volume Incr-48.82%
Vol(5)498.04K
Vol(50)1.04M