AVIS BUDGET GROUP INC (CAR) Technical Analysis
NASDAQ:CAR • US0537741052
Current stock price
CAR Technical Rating and Analysis
Overall CAR gets a technical rating of 3 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- CAR is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CAR is lagging the market.
- CAR is one of the better performing stocks in the Ground Transportation industry, it outperforms 95% of 42 stocks in the same industry.
- In the last month CAR has a been trading in the 85.96 - 104.22 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that CAR is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CAR Weekly and Daily overview Charts
CAR Setup Rating and Analysis
CAR has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 100.71. Right above this resistance zone may be a good entry point.
More info and screens
CAR Support and Resistance Analysis
95.51
When analyzing the support we can see 2 important areas.
- A support zone ranging from 99.45 to 99.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 96.47 to 97.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 100.71 to 101.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 110.34 to 111.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @113.79 from a trend line in the daily time frame.
- Resistance @126.45 from a horizontal line in the daily time frame.
CAR 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 CAR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAR is down. |
| ChartMill Relative Strength | 84.52 | POSITIVE | CAR has a high relative strength, it outperformed 84.52% 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) | DOWN | NEGATIVE | The current price of CAR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.27 | NEUTRAL | The RSI value for CAR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.3 | POSITIVE | The MACD value suggests CAR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.31 | NEUTRAL | The Stochastics value for CAR is a neutral value. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for CAR suggests high volalility. |
| Average Directional Index/ADX (14) | 28.61 | POSITIVE | The high ADX value value for CAR suggests a strong trend. |
CAR Chart- and CandleStick Pattern Analysis
CAR Technicals: Chart, Performance Metrics, Trend & Indicators
99.9
-0.54 (-0.54%)
AVIS BUDGET GROUP INC / CAR TA FAQ
What is the technical rating for CAR stock?
ChartMill assigns a technical rating of 3 / 10 to CAR.
What is the trend direction for CAR stock?
The current trend direction for AVIS BUDGET GROUP INC (CAR) is Bearish.
What is the RSI signal for CAR stock?
AVIS BUDGET GROUP INC (CAR) has an RSI value of 45.2657. This indicates that the stock is currently neutral.
What is the MACD signal for AVIS BUDGET GROUP INC (CAR) stock?
The MACD indicator for AVIS BUDGET GROUP INC (CAR) has a value of 1.30199, indicating a bullish trend.
What are the support and resistance levels for AVIS BUDGET GROUP INC (CAR) stock?
AVIS BUDGET GROUP INC (CAR) has a support level at 99.49 and a resistance level at 100.71. Check the full technical report for our detailed analysis of CAR support and resistance levels.