AeroVironment Inc (AVAV): Price Now Near $88.24; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for AVAV

At the moment, AVAV (Get Ratings)’s price is down $-0.05 (-0.06%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

AVAV ranks 4th in terms of today’s price percentage change out of Aircraft stocks.

AVAV’s Technical Outlook on the Daily Chart

Currently, AVAV’s price is up $0.07 (0.08%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as AVAV has now gone up 4 of the past 5 days. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Of note is that the 20 day changed directions on AVAV; it is now pointing up. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows AVAV’s price action over the past 90 days.

AVAV

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AVAV: Daily RSI Analysis

  • AVAV’s RSI now stands at 100.
  • AVAV and RSI may be exhibiting divergent trends. This may be something to monitor.

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