AVNET INC (AVT) Stock Technical Analysis
NASDAQ:AVT - Nasdaq - US0538071038 - Common Stock - Currency: USD
Taking everything into account, AVT scores 5 out of 10 in our technical rating. In the last year, AVT was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month AVT has a been trading in the 49.13 - 52.38 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, AVT outperforms 55% of them, which is more or less in line with the market.
AVT is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 47% 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 currently trading near new highs, so AVT is lagging the market.
Considerably lower volume is observed in the last couple of days.
AVT has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 52.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 51.44, a Stop Loss order could be placed below this zone.
More info and screens
48.95
57.14
We found 1 important support area.
- A support zone ranging from 49.44 to 51.44. 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 52.26 to 52.53. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | 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 | 55.05 | NEUTRAL | AVT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of AVT is above 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) | 54.91 | NEUTRAL | The RSI value for AVT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests AVT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.27 | NEUTRAL | The Stochastics value for AVT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for AVT suggests low volalility. |
| Average Directional Index/ADX (14) | 9.43 | 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)
51.51
+1.02 (+2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.02%
1 Week-0.1%
2 Weeks3.52%
1 Month-0.71%
3 Month9.62%
6 Month-2.94%
12 Month-1.7%
2 Year2.1%
3 Year20.13%
5 Year84.72%
10 Year25.3%
15 Year113.65%
Volatility
ATR(14)0.89
ATR(20)%1.84%
ATR Inc29.89%
Range Today0.94
ADR(20)0.83
ADR(20)%1.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS55.05
Mansfield-0.53
10 Day High52.38
10 Day Low49.69
20 Day High52.38
20 Day Low49.13
52 Week High59.24
52 Week Low39.22
CS1 End51.44
CR1 Start52.26
Volume & EV
DER(3)0.15%
DER(5)1.01%
Volume452.70K
Volume Incr-14.35%
Vol(5)499.18K
Vol(50)807.37K