AVNET INC (AVT) Stock Technical Analysis
NASDAQ:AVT - US0538071038 - Common Stock
55.1 USD
-0.56 (-1.01%)
55.1 USD
0 (0%)
Taking everything into account, AVT scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AVT is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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 45.66 - 55.92 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 51% of all stocks.
AVT is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 42% of 124 stocks in the same industry.
Although the technical rating is only medium, AVT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 55.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.65, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
48.96
57.14
4 important support areas can be observed.
- A support zone ranging from 53.16 to 54.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.86 to 52.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.72 from a trend line in the daily time frame.
- A support zone ranging from 49.45 to 49.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- 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.
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 | NEUTRAL | NEUTRAL | The short term trend for AVT is neutral. |
| ChartMill Relative Strength | 51.39 | 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) | 57.22 | NEUTRAL | The RSI value for AVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests AVT has a positive trend. |
| Stochastics (14,3) | 88.93 | OVERBOUGHT | The high Stochastics value suggests AVT may be overbought. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for AVT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.02 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 56.58 | 53.15 | 3.43 (6.06%) | 16.50% |
| An entry @56.58. This is a Buy Stop order right above the resistance zone. | An exit @53.15. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.43 points, which is 6.06%. | When investing 16.50% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
55.1
-0.56 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.01%
1 Week3.07%
2 Weeks6.49%
1 Month1.81%
3 Month10.18%
6 Month9.02%
12 Month-0.14%
2 Year8.57%
3 Year25.54%
5 Year100.29%
10 Year29.95%
15 Year140.61%
Volatility
ATR(14)1.73
ATR(20)%2.95%
ATR Inc20.86%
Range Today0.79
ADR(20)1.43
ADR(20)%2.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.39
Mansfield-0.28
10 Day High55.92
10 Day Low51.57
20 Day High55.92
20 Day Low45.67
52 Week High59.24
52 Week Low39.22
CS1 End54.65
CR1 Start55.8
Volume & EV
DER(3)-2.12%
DER(5)-1.3%
Volume566.40K
Volume Incr-32.96%
Vol(5)582.14K
Vol(50)749.57K