November 12 Chart of the Day - Aviat Networks
Highly precise price action technical analysis offers the strongest trading edges and the most opportunities across the markets, making it the foundation of our reviews.
Aviat Networks (AVNW) is a global provider of wireless transport and microwave networking solutions used by communications service providers, utilities, and government agencies that rely on secure, high-capacity connectivity for mission-critical operations.
After a sharp run-up in recent years, price has spent most of 2024 and 2025 consolidating and compressing within a tightening structure. The broader trend remains undecided as buyers and sellers continue to battle for control, setting the stage for a potential breakout or breakdown when one side finally wins the standoff.
We'll review the chart from a price action perspective to identify potential levels of interest in both directions.
The charts highlight key levels where investors and traders alike will be watching closely.
Consistent profitable investing and/or trading requires a structured, rules-based approach to price action analysis. Proven processes, disciplined risk-reward management, and precise execution create the foundation for long-term success.
When combined with powerful mental performance strategies, this method becomes the ultimate blueprint for thriving in any market, on any time frame.
As requested, this analysis will take a price action technical analysis approach to assess key levels and potential next price moves for this chart.
Since May 2023, we've showcased over 650+ Charts of the Day and provide a Free Quick Start Guide to traders with ambitious income goals for our patent-pending NeuroTrading Method™.
Monthly Chart
On the monthly chart price continues to develop inside a large symmetrical wedge pattern.
Each major swing has narrowed the range, with lower highs meeting higher lows — a classic sign of energy building beneath the surface.
The key support area sits near $21, while the next major resistance test appears near $29. Until price breaks convincingly beyond one of those boundaries, this wedge remains the dominant structure to watch.
With plenty of volatility traders have had much to be happy with but long term buy and hold investors have been hugely disappointed if they're still holding.
This kind of movement highlights why a cautious and well-informed approach is essential when evaluating a stock’s short to mid term outlook.
Weekly Chart
The weekly chart zooms in to reveal a critical Change Control Zone — the long gray rectangle — where meaningful price action has occurred recently.
Change control zones are one of the five price action tools we teach when charting anything. By definition, they are an area that represents where neither the bulls nor bears are in charge. Price can slash through the zone with seemingly reckless abandon, price can respect the top or bottom from outside it or within it. Or, price can trade aimlessly sideways within it. When price breaks away from the zone it can often get drawn back to it like a magnet. And in this case we see all of the above are true.
In this case, that zone spans roughly between $23 and $26. Price currently sits near the bottom of this battle zone, with overhead Fibonacci levels near $28.96 offering a clear upside magnet if buyers regain control.
It goes without saying though, the only guarantee in the markets is that price cycles. It cycles up and it cycles down across all time frames and all charts and rarely, if ever, moves in a straight line.
Only time will tell for sure what price will do next...
We’ve combined Fibonacci levels with key support/resistance zones and trend analysis to pinpoint potential price levels of interest and future targets.
With precision-focused charts like these, both traders and investors can confidently build and execute their strategies.
So what's next?
We don't make predictions...
Nobody knows for sure but using these 5 price action tools traders and investors can develop levels of interest in both directions.
- Support/Resistance
- Trend
- Fibonacci
- Supply/Demand Zones
- Change Control Zones
ChartPros provides the exact methodology in its price action technical analysis courses to create charts like this with the most precise and accurate levels from which investors and traders can formulate their respective trade plans.
Take a look at the charts and let us know what you think. We'd like to hear from you in the comments sections.
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