AVNET INC (AVT) Stock Technical Analysis
NASDAQ:AVT • US0538071038
Taking everything into account, AVT scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AVT is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- AVT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month AVT has a been trading in the 50.29 - 68.00 range, which is quite wide. It is currently trading near the high of this range.
- AVT has an average volume of 1194410 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, AVT did better than 88% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- AVT is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 65% of 124 stocks in the same industry.
AVT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
47.00
When analyzing the support we can see 4 important areas.
- Support @65.05 from a horizontal line in the daily time frame.
- A support zone ranging from 51.95 to 52.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @48.58 from a horizontal line in the daily time frame.
- Support @47.47 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 67.32 to 67.32. 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 | 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 | 88.87 | POSITIVE | AVT has a high relative strength, it outperformed 88.87% 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) | 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) | 78.28 | OVERBOUGHT | The high RSI value suggests AVT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests AVT has a negative trend. |
| Stochastics (14,3) | 86.63 | OVERBOUGHT | The high Stochastics value suggests AVT may be overbought. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for AVT suggests some volalility. |
| Average Directional Index/ADX (14) | 54.35 | POSITIVE | The high ADX value value for AVT suggests a strong trend. |
67.27
-0.05 (-0.07%)
AVNET INC / AVT FAQ
Can you provide the ChartMill technical rating for AVNET INC?
ChartMill assigns a technical rating of 9 / 10 to AVT.
What is the trend direction for AVT stock?
The current trend direction for AVNET INC (AVT) is Bullish.
Can you provide the RSI signal for AVNET INC?
AVNET INC (AVT) has an RSI value of 78.2807. This indicates that the stock is currently overbought.
What is the MACD signal for AVT stock?
The MACD indicator for AVNET INC (AVT) has a value of -0.172622, indicating a bearish trend.
Can you provide the buy/sell signal for AVNET INC?
The buy/sell signal for AVNET INC (AVT) is buy as both the short term and long term trends are positive.