AIRI Technical Analysis - AIR INDUSTRIES GROUP

Technical Rating and Analysis

Overall AIRI gets a technical rating of 0 out of 10. 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.

92% of all other stocks performed better in the past year than AIRI.

AIRI is part of the Aerospace & Defense industry. There are 68 other stocks in this industry, of which 88% 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 3.02 - 3.32 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

AIR INDUSTRIES GROUP / AIRI Weekly stock chart

AIR INDUSTRIES GROUP / AIRI Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, AIRI does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.30. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.23, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AIRI in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.86

3.74

3 important support areas can be observed.

A support zone ranging from 3.14 to 3.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 3.06 to 3.07. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 5 important areas.

Resistance @3.30 from a horizontal line in the daily time frame.
Resistance @3.40 from a trend line in the daily time frame.
Resistance @3.55 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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What is Support and Resistance

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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	8.07	NEGATIVE	AIRI has a low relative strength, it was outperformed by 91.93% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of AIRI is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of AIRI is above 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)	55.18	NEUTRAL	The RSI value for AIRI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests AIRI has a positive trend.
Stochastics (14,3)	71.23	NEUTRAL	The Stochastics value for AIRI is a neutral value.
Average True Range in percent/ATR (20)	3.55	MEDIUM VOLATILITY	The ATR as a percentage value for AIRI suggests some volalility.
Average Directional Index/ADX (14)	14.03	NEGATIVE	The low ADX value for AIRI suggests a weak or negative trend.