AVANTIS EMERGING MARKETS EQ (AVEM) Stock Technical Analysis
NYSEARCA:AVEM - NYSE Arca - US0250726041 - ETF - Currency: USD
Taking everything into account, AVEM scores 5 out of 10 in our technical rating. In the past year, AVEM was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
Although the technical rating is only medium, AVEM does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 61.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 60.66, a Stop Loss order could be placed below this zone.
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55.98
2 important support areas can be observed.
- A support zone ranging from 59.69 to 60.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.55 to 58.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 61.45 to 62.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
NYSEARCA:AVEM (3/7/2025, 8:06:16 PM)
61.19
+0.37 (+0.61%)