AVANTAX INC (AVTA) Stock Technical Analysis
NASDAQ:AVTA - Nasdaq - US0952291005 - Common Stock - Currency: USD
Taking everything into account, AVTA scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, AVTA has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
AVTA is one of the better performing stocks in the Capital Markets industry, it outperforms 78% of 233 stocks in the same industry.
Looking at the yearly performance, AVTA did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
AVTA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AVTA is lagging the market.
In the last month AVTA has a been trading in a tight range between 25.74 and 26.00.
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.
More info and screens
20.37
26.47
We found 2 important support areas.
- 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.
We found 1 important resistance 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. |
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 |
|---|---|---|---|
| 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 trade has a worst case loss of 0.12 points, which is 0.46%. | For a 0.12% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.04%
1 Week0.23%
2 Weeks0.27%
1 Month0.85%
3 Month23.12%
6 Month18.08%
12 Month4.34%
2 Year60.53%
3 Year99.31%
5 Year-16.05%
10 Year-10.63%
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.19%
ATR Inc-59.71%
Range Today0.01
ADR(20)0.05
ADR(20)%0.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.37
Mansfield-0.35
10 Day High26
10 Day Low25.9
20 Day High26
20 Day Low25.74
52 Week High30.23
52 Week Low19.13
CS1 End25.98
CR1 Start26.01
Volume & EV
DER(3)-0.22%
DER(5)-0.7%
Volume826.40K
Volume Incr58.51%
Vol(5)698.84K
Vol(50)579.41K