AVANTAX INC (AVTA) Stock Technical Analysis
USA - NASDAQ:AVTA - US0952291005 - Common Stock
Overall AVTA gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AVTA is showing a nice and steady performance.
AVTA has an excellent technical rating, but the quality of the setup is only medium 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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20.37
2 important support areas can be observed.
- A support zone ranging from 25.28 to 25.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @20.58 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 26.01 to 26.21. 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 AVTA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVTA is up. |
| ChartMill Relative Strength | 83.37 | POSITIVE | AVTA has a high relative strength, it outperformed 83.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AVTA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 72.1 | OVERBOUGHT | The high RSI value suggests AVTA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests AVTA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 95.42 | OVERBOUGHT | The high Stochastics value suggests AVTA may be overbought. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for AVTA suggests low volalility. |
| Average Directional Index/ADX (14) | 42.97 | POSITIVE | The high ADX value value for AVTA suggests a strong trend. |
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 |
|---|---|---|---|
| 26.01 | 25.89 | 0.12 (0.46%) | 25.00% |
| An entry @26.01. This is a Buy Stop order right above the 10 day high. | An exit @25.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.12 points, which is 0.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- 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.
25.99
-0.01 (-0.04%)
AVANTAX INC / AVTA FAQ
Can you provide the ChartMill technical rating for AVANTAX INC?
ChartMill assigns a technical rating of 8 / 10 to AVTA.
Can you provide the trend direction for AVANTAX INC?
The current trend direction for AVANTAX INC (AVTA) is Bullish.
Can you provide the RSI signal for AVANTAX INC?
AVANTAX INC (AVTA) has an RSI value of 72.0967. This indicates that the stock is currently overbought.
What is the MACD signal for AVANTAX INC (AVTA) stock?
The MACD indicator for AVANTAX INC (AVTA) has a value of -0.0274323, indicating a bearish trend.
What is the buy/sell signal for AVTA stock?
The buy/sell signal for AVANTAX INC (AVTA) is buy as both the short term and long term trends are positive.