Overall AVT gets a technical rating of 1 out of 10. AVT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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.
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43.92
When analyzing the support we notice one important area.
- A support zone ranging from 44.36 to 44.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
4 important resistance areas can be observed.
- Resistance @51.06 from a trend line in the daily time frame.
- Strong resistance @51.94 from a horizontal line in the daily time frame.
- A resistance zone ranging from 54.11 to 54.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 56.31 to 56.57. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for AVT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AVT is neutral. |
| ChartMill Relative Strength | 25.65 | NEGATIVE | AVT has a low relative strength, it was outperformed by 74.35% off all stocks 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) | 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) | 59.61 | NEUTRAL | The RSI value for AVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests AVT has a positive trend. |
| Stochastics (14,3) | 94.47 | OVERBOUGHT | The high Stochastics value suggests AVT may be overbought. |
| Average True Range in percent/ATR (20) | 2.24 | MEDIUM VOLATILITY | The ATR as a percentage value for AVT suggests some volalility. |
| Average Directional Index/ADX (14) | 28.57 | POSITIVE | The high ADX value value for AVT suggests a strong trend. |
49.31
+1.11 (+2.3%)
AVNET INC / AVT FAQ
Can you provide the ChartMill technical rating for AVNET INC?
ChartMill assigns a technical rating of 1 / 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 59.6061. 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 0.527627, indicating a bearish trend.
What are the support and resistance levels for AVNET INC (AVT) stock?
AVNET INC (AVT) has a support level at 44.52 and a resistance level at 51.06. Check the full technical report for our detailed analysis of AVT support and resistance levels.