Avient Corporation | AVNT

Daily Technical Analysis of Avient Corporation

Avient is up a bit on the day, funds flowing in kept the price up 2.17% since yesterday.

Currently AVNT isn't at a clear support/resistance line that seems tradable. Avient has been drifting up over the last few months, we'll see if it has the energy to keep moving in the right direction. AVNT might find some support at the 39.64 level, buyers might push the price back up from here. But it's not very clear what will happen.

Analyst Ratings for Avient By Price Target And Rating

The analysts are pretty neutral on Avient right now, so not much useful information here. The current Analysts Sentiment Score is -0.52. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2023-11-06 there was a downgrade announced by Deutsche Bank Aktiengesel from Buy to Hold and decided to decrease their price target by -19.57% down to $37.00. On 2023-08-01 Morgan Stanley reiterated their rating of Equal Weight and added a price target of $40.00. On 2023-02-17 Citigroup increased their price target by 17.07% to $48.00. Wells Fargo & Company boosted their price targ by 12.2% to $46.00 on 2023-02-16. Oppenheimer upgraded from Market Perform to Outperform on 2023-02-16 and added a price target of $50.00. Robert W. Baird provided a price target boost of 25.71% to $44.00 from $35.00 on 2022-12-20.

Earnings Per Share (EPS) Estimates By Year and Quarter

Short interest for Avient

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Social Sentiment for Avient

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.