AVIS BUDGET GROUP INC (CAR) Stock Technical Analysis
USA - NASDAQ:CAR - US0537741052 - Common Stock
163.28 USD
+1.6 (+0.99%)
163.28 USD
0 (0%)
We assign a technical rating of 7 out of 10 to CAR. Both in the recent history as in the last year, CAR has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
CAR is one of the better performing stocks in the Ground Transportation industry, it outperforms 92% of 42 stocks in the same industry.
In the last month CAR has a been trading in the 151.97 - 167.69 range, which is quite wide. It is currently trading near the high of this range.
CAR has an average volume of 1008230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that CAR is one of the better performing stocks in the market, outperforming 89% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
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.
Besides having an excellent technical rating, CAR also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 163.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 158.92, a Stop Loss order could be placed below this zone.
More info and screens
146.45
167.12
When analyzing the support we can see 3 important areas.
- A support zone ranging from 156.81 to 158.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @153.70 from a horizontal line in the weekly time frame.
- Support @147.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 163.29 to 165.47. 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 | UP | POSITIVE | The short term trend for CAR is up. |
| ChartMill Relative Strength | 89.67 | POSITIVE | CAR has a high relative strength, it outperformed 89.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAR is above the rising 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) | 57.97 | NEUTRAL | The RSI value for CAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.25 | POSITIVE | The MACD value suggests CAR has a positive trend. |
| Stochastics (14,3) | 77.97 | NEUTRAL | The Stochastics value for CAR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for CAR suggests some volalility. |
| Average Directional Index/ADX (14) | 11.56 | NEGATIVE | The low ADX value for CAR suggests a weak or negative 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)
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 |
|---|---|---|---|
| 165.48 | 156.80 | 8.68 (5.25%) | 19.06% |
| An entry @165.48. This is a Buy Stop order right above the resistance zone. | An exit @156.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.68 points, which is 5.25%. | When investing 19.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
163.28
+1.6 (+0.99%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryGround Transportation
Performance
% Chg0.99%
1 Week4.72%
2 Weeks3.98%
1 Month4.03%
3 Month-6.28%
6 Month118.7%
12 Month86.41%
2 Year-9.13%
3 Year9.98%
5 Year520.37%
10 Year273.81%
15 YearN/A
Volatility
ATR(14)5.22
ATR(20)%3.26%
ATR Inc16.09%
Range Today8.49
ADR(20)5.32
ADR(20)%3.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.67
Mansfield3.31
10 Day High167.69
10 Day Low151.97
20 Day High167.69
20 Day Low151.97
52 Week High212.81
52 Week Low54.03
CS1 End158.92
CR1 Start163.29
Volume & EV
DER(3)1.59%
DER(5)0.45%
Volume787.60K
Volume Incr42.78%
Vol(5)1.08M
Vol(50)1.01M