AVTX Technical Analysis - AVANTIUM

Technical Rating and Analysis

Taking everything into account, AVTX scores 0 out of 10 in our technical rating. AVTX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

100% of all other stocks performed better in the past year than AVTX.

AVTX is part of the Professional Services industry. There are 33 other stocks in this industry, of which 81% are performing better than AVTX.

AVTX is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month AVTX has a been trading in the 6.66 - 8.00 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

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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

The technical rating of AVTX is bad and it also does not present a quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.74

14.54

When analyzing the resistance we notice 4 important areas.

Resistance @7.78 from a horizontal line in the daily time frame.
Resistance @11.99 from a trend line in the daily time frame.
A resistance zone ranging from 12.66 to 12.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @14.40 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for AVTX.AS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AVTX.AS is down.
ChartMill Relative Strength	0.53	NEGATIVE	AVTX.AS has a low relative strength, it was outperformed by 99.47% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AVTX.AS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AVTX.AS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AVTX.AS is below a declining SMA(200).
Relative Strength Index/RSI (14)	26.19	OVERSOLD	The low RSI value suggests AVTX.AS may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests AVTX.AS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	6.03	OVERSOLD	The low Stochastics value suggests AVTX.AS may be oversold.
Average True Range in percent/ATR (20)	4.39	MEDIUM VOLATILITY	The ATR as a percentage value for AVTX.AS suggests some volalility.
Average Directional Index/ADX (14)	33.95	POSITIVE	The high ADX value value for AVTX.AS suggests a strong trend.