Overall CAR gets a technical rating of 2 out of 10. Although CAR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CAR has a bad technical rating, but it does show 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 141.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 134.92, a Stop Loss order could be placed below this zone.
More info and screens
125.37
We found 2 important support areas.
- A support zone ranging from 131.41 to 134.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 126.64 to 128.23. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 141.90 to 143.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @147.46 from a trend line in the daily time frame.
- Resistance @161.25 from a horizontal line in the daily time frame.
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 CAR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAR is down. |
| ChartMill Relative Strength | 81.55 | POSITIVE | CAR has a high relative strength, it outperformed 81.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CAR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CAR is below a declining 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) | 47.81 | NEUTRAL | The RSI value for CAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.82 | POSITIVE | The MACD value suggests CAR has a positive trend. |
| Stochastics (14,3) | 62.06 | NEUTRAL | The Stochastics value for CAR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.1 | MEDIUM VOLATILITY | The ATR as a percentage value for CAR suggests some volalility. |
| Average Directional Index/ADX (14) | 13.07 | NEGATIVE | The low ADX value for CAR suggests a weak or negative trend. |
134.95
+1.02 (+0.76%)
AVIS BUDGET GROUP INC / CAR FAQ
What is the technical rating for CAR stock?
ChartMill assigns a technical rating of 2 / 10 to CAR.
Can you provide the trend direction for AVIS BUDGET GROUP INC?
The current trend direction for AVIS BUDGET GROUP INC (CAR) is Bearish.
What is the RSI signal for AVIS BUDGET GROUP INC (CAR) stock?
AVIS BUDGET GROUP INC (CAR) has an RSI value of 47.8108. This indicates that the stock is currently neutral.
What is the short term momentum for CAR stock?
The short term momentum for AVIS BUDGET GROUP INC (CAR) is negative.
Can you provide the buy/sell signal for AVIS BUDGET GROUP INC?
The buy/sell signal for AVIS BUDGET GROUP INC (CAR) is sell as both the short term and long term trends are negative.