AIRI Technical Analysis - AIR INDUSTRIES GROUP

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to AIRI. AIRI 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.

When comparing the yearly performance of all stocks, AIRI is a bad performer in the overall market: 93% of all stocks are doing better.

AIRI is part of the Aerospace & Defense industry. There are 69 other stocks in this industry, of which 86% are performing better than AIRI.

AIRI 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 AIRI has a been trading in the 2.98 - 3.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

AIR INDUSTRIES GROUP / AIRI Weekly stock chart

AIR INDUSTRIES GROUP / AIRI Daily stock chart

Setup Rating and Analysis

AIRI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.91, 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

2.86

3.74

We found 1 important support area.

A support zone ranging from 2.89 to 2.91. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 3.19 to 3.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @3.50 from a trend line in the daily time frame.
A resistance zone ranging from 3.61 to 3.62. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Resistance @3.70 from a horizontal line in the daily 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 AIRI is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for AIRI is neutral.
ChartMill Relative Strength	7.42	NEGATIVE	AIRI has a low relative strength, it was outperformed by 92.58% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of AIRI is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AIRI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of AIRI is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.26	NEUTRAL	The RSI value for AIRI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests AIRI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	15.02	OVERSOLD	The low Stochastics value suggests AIRI may be oversold.
Average True Range in percent/ATR (20)	3.7	MEDIUM VOLATILITY	The ATR as a percentage value for AIRI suggests some volalility.
Average Directional Index/ADX (14)	13.03	NEGATIVE	The low ADX value for AIRI suggests a weak or negative trend.