AVIS BUDGET GROUP INC (CAR) Stock Technical Analysis
NASDAQ:CAR - Nasdaq - US0537741052 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to CAR. In the last year, CAR was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month CAR has a been trading in the 153.56 - 212.81 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.
Looking at the yearly performance, CAR did better than 93% of all other stocks.
CAR is one of the better performing stocks in the Ground Transportation industry, it outperforms 97% of 40 stocks in the same industry.
CAR has an average volume of 1348870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
CAR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CAR is lagging the market.
Although CAR has an excellent technical rating, it does not present a decent entry opportunity 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
152.16
158.33
We found 1 important support area.
- A support zone ranging from 153.70 to 153.70. 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 153.72 to 156.76. This zone is formed by a combination of multiple trend lines and important moving averages 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 CAR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAR is down. |
| ChartMill Relative Strength | 93.65 | POSITIVE | CAR has a high relative strength, it outperformed 93.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CAR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CAR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.23 | NEUTRAL | The RSI value for CAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.69 | NEGATIVE | The MACD value suggests CAR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.62 | OVERSOLD | The low Stochastics value suggests CAR may be oversold. |
| Average True Range in percent/ATR (20) | 5.83 | HIGH VOLATILITY | The high ATR as a percentage value for CAR suggests high volalility. |
| Average Directional Index/ADX (14) | 36.44 | POSITIVE | The high ADX value value for CAR 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)
153.71
-3.04 (-1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg-1.94%
1 Week-6.31%
2 Weeks-25.67%
1 Month-19.69%
3 Month47.61%
6 Month76.66%
12 Month76.76%
2 Year-27.97%
3 Year-8.17%
5 Year350.63%
10 Year248.31%
15 YearN/A
Volatility
ATR(14)9.8
ATR(20)%5.83%
ATR Inc-48.98%
Range Today4.66
ADR(20)7.77
ADR(20)%5.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.65
Mansfield3.89
10 Day High212.81
10 Day Low153.56
20 Day High212.81
20 Day Low153.56
52 Week High212.81
52 Week Low54.03
CS1 End153.7
CR1 Start153.72
Volume & EV
DER(3)0.26%
DER(5)1.17%
Volume888.30K
Volume Incr8.81%
Vol(5)1.31M
Vol(50)1.35M