AVT Technical Analysis - AVNET INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to AVT. 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.

When comparing the yearly performance of all stocks, AVT is a bad performer in the overall market: 79% of all stocks are doing better.

AVT is part of the Electronic Equipment, Instruments & Components industry. There are 124 other stocks in this industry, of which 70% are performing better than AVT.

In the last month AVT has a been trading in the 51.20 - 54.47 range, which is quite wide. It is currently trading near the lows of this range.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, AVT does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 51.33, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

48.96

57.14

When analyzing the support we can see 2 important areas.

A support zone ranging from 51.05 to 51.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 49.45 to 49.75. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 51.96 to 53.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 54.95 to 55.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 56.30 to 56.57. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	21.28	NEGATIVE	AVT has a low relative strength, it was outperformed by 78.72% off all stocks 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)	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)	40.52	NEUTRAL	The RSI value for AVT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests AVT has a negative trend.
Stochastics (14,3)	22.64	NEUTRAL	The Stochastics value for AVT is a neutral value.
Average True Range in percent/ATR (20)	2	MEDIUM VOLATILITY	The ATR as a percentage value for AVT suggests some volalility.
Average Directional Index/ADX (14)	12.77	NEGATIVE	The low ADX value for AVT suggests a weak or negative trend.