AWX Technical Analysis - AVALON HOLDINGS CORP-A

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to AWX. AWX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

AWX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: AWX has an average volume of 3580 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month AWX has a been trading in the 2.40 - 2.61 range, which is quite wide. It is currently trading near the high of this range.

When compared to the yearly performance of all other stocks, AWX outperforms 45% of them, which is more or less in line with the market.

AWX is an average performer in the Commercial Services & Supplies industry, it outperforms 56% of 84 stocks in the same industry.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AVALON HOLDINGS CORP-A / AWX Weekly stock chart

AVALON HOLDINGS CORP-A / AWX Daily stock chart

Setup Rating and Analysis

AWX has an average technical rating and the quality of the presented setup is also not ideal 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

2.33

2.69

When analyzing the support we can see 2 important areas.

A support zone ranging from 2.48 to 2.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 2.35 to 2.42. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 2.66 to 2.66. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 AWX is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for AWX is neutral.
ChartMill Relative Strength	45.05	NEUTRAL	AWX is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AWX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of AWX is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AWX is below a declining SMA(200).
Relative Strength Index/RSI (14)	60.84	NEUTRAL	The RSI value for AWX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests AWX has a positive trend.
Stochastics (14,3)	74	NEUTRAL	The Stochastics value for AWX is a neutral value.
Average True Range in percent/ATR (20)	2.37	MEDIUM VOLATILITY	The ATR as a percentage value for AWX suggests some volalility.
Average Directional Index/ADX (14)	9.74	NEGATIVE	The low ADX value for AWX suggests a weak or negative trend.