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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

89% of all other stocks performed better in the past year than AIN.

AIN is one of the lesser performing stocks in the Machinery industry. 78% of 130 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 52.14 - 57.61 range, which is quite wide. It is currently trading near the high 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

Although the technical rating is bad, AIN 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 56.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 55.81, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

52.26

88.19

When analyzing the support we notice one important area.

A support zone ranging from 52.79 to 55.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

5 important resistance areas can be observed.

A resistance zone ranging from 56.17 to 56.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @67.00 from a trend line in the daily time frame.
Resistance @69.99 from a trend line in the daily time frame.
Resistance @74.62 from a horizontal line in the daily time frame.
Resistance @87.32 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	NEUTRAL	NEUTRAL	The short term trend for AIN is neutral.
ChartMill Relative Strength	11.38	NEGATIVE	AIN has a low relative strength, it was outperformed by 88.62% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of AIN is above 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)	47.98	NEUTRAL	The RSI value for AIN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.5	POSITIVE	The MACD value suggests AIN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	79.32	NEUTRAL	The Stochastics value for AIN is a neutral value.
Average True Range in percent/ATR (20)	2.84	MEDIUM VOLATILITY	The ATR as a percentage value for AIN suggests some volalility.
Average Directional Index/ADX (14)	28.19	POSITIVE	The high ADX value value for AIN suggests a strong trend.