Taking everything into account, AVUS scores 7 out of 10 in our technical rating. Although AVUS is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, AVUS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 111.46. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AVUS in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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When analyzing the support we can see 4 important areas.
- Support @111.17 from a horizontal line in the daily time frame.
- A support zone ranging from 105.84 to 109.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @103.99 from a horizontal line in the daily time frame.
- Support @84.59 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 111.46 to 111.46. 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 AVUS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AVUS is up. |
| ChartMill Relative Strength | 68.36 | NEUTRAL | AVUS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AVUS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AVUS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AVUS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.43 | NEUTRAL | The RSI value for AVUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests AVUS has a positive trend. |
| Stochastics (14,3) | 90.64 | OVERBOUGHT | The high Stochastics value suggests AVUS may be overbought. |
| Average True Range in percent/ATR (20) | 1.36 | LOW VOLATILITY | The low ATR as a percentage value for AVUS suggests low volalility. |
| Average Directional Index/ADX (14) | 16.94 | NEGATIVE | The low ADX value for AVUS suggests a weak or negative 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 |
|---|---|---|---|
| 111.47 | 111.16 | 0.31 (0.28%) | 25.00% |
| An entry @111.47. This is a Buy Stop order right above the resistance zone. | An exit @111.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.31 points, which is 0.28%. | For a 0.07% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AVUS. Please evaluate whether better entry and exit points can be found.
- 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.
111.45
+0.6 (+0.54%)
AVANTIS U.S. EQUITY ETF / AVUS FAQ
Can you provide the ChartMill technical rating for AVANTIS U.S. EQUITY ETF?
ChartMill assigns a technical rating of 7 / 10 to AVUS.
What is the trend direction for AVUS stock?
The current trend direction for AVANTIS U.S. EQUITY ETF (AVUS) is Bullish.
What is the RSI signal for AVANTIS U.S. EQUITY ETF (AVUS) stock?
AVANTIS U.S. EQUITY ETF (AVUS) has an RSI value of 60.4259. This indicates that the stock is currently neutral.
What is the buy/sell signal for AVUS stock?
The buy/sell signal for AVANTIS U.S. EQUITY ETF (AVUS) is buy as both the short term and long term trends are positive.
What is the support and resistance level for AVUS stock?
AVANTIS U.S. EQUITY ETF (AVUS) has a support level at 111.17 and a resistance level at 111.46. Check the full technical report for our detailed analysis of AVUS support and resistance levels.