AIN Technical Analysis - ALBANY INTL CORP-CL A

Technical Rating and Analysis

Taking everything into account, AIN scores 0 out of 10 in our technical rating. AIN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

94% of all other stocks performed better in the past year than AIN.

AIN is one of the lesser performing stocks in the Machinery industry. 84% of 129 stocks in the same industry do better.

AIN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month AIN has a been trading in the 54.31 - 64.71 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALBANY INTL CORP-CL A / AIN Weekly stock chart

ALBANY INTL CORP-CL A / AIN Daily stock chart

Setup Rating and Analysis

The technical rating of AIN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

53.99

88.54

We can see 5 important resistance areas.

A resistance zone ranging from 57.13 to 57.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 61.79 to 62.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @68.54 from a trend line in the daily time frame.
Resistance @74.62 from a horizontal line in the daily time frame.
Resistance @87.66 from a trend line in the weekly time frame.

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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 AIN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AIN is down.
ChartMill Relative Strength	6.78	NEGATIVE	AIN has a low relative strength, it was outperformed by 93.22% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AIN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AIN is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AIN is below a declining SMA(200).
Relative Strength Index/RSI (14)	28.9	OVERSOLD	The low RSI value suggests AIN may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.4	NEGATIVE	The MACD value suggests AIN has a negative trend.
Stochastics (14,3)	3.77	OVERSOLD	The low Stochastics value suggests AIN may be oversold.
Average True Range in percent/ATR (20)	2.97	MEDIUM VOLATILITY	The ATR as a percentage value for AIN suggests some volalility.
Average Directional Index/ADX (14)	30.95	POSITIVE	The high ADX value value for AIN suggests a strong trend.