APPLIED INDUSTRIAL TECH INC (AIT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AIT - US03820C1053 - Common Stock
Taking everything into account, AIT scores 7 out of 10 in our technical rating. Although AIT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although AIT has an excellent technical rating, it does not offer a high 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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232.96
5 important support areas can be observed.
- Support @269.68 from a horizontal line in the daily time frame.
- A support zone ranging from 256.73 to 263.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 244.84 to 248.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @240.62 from a horizontal line in the daily time frame.
- Support @235.31 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @272.26 from a horizontal line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for AIT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AIT is up. |
| ChartMill Relative Strength | 63.54 | NEUTRAL | AIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AIT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AIT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.7 | NEUTRAL | The RSI value for AIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests AIT has a positive trend. |
| Stochastics (14,3) | 71.29 | NEUTRAL | The Stochastics value for AIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2 | MEDIUM VOLATILITY | The ATR as a percentage value for AIT suggests some volalility. |
| Average Directional Index/ADX (14) | 9.63 | NEGATIVE | The low ADX value for AIT suggests a weak or negative trend. |
272.25
+7.63 (+2.88%)
APPLIED INDUSTRIAL TECH INC / AIT FAQ
Can you provide the ChartMill technical rating for APPLIED INDUSTRIAL TECH INC?
ChartMill assigns a technical rating of 7 / 10 to AIT.
Can you provide the trend direction for APPLIED INDUSTRIAL TECH INC?
The current trend direction for APPLIED INDUSTRIAL TECH INC (AIT) is Bullish.
What is the RSI signal for APPLIED INDUSTRIAL TECH INC (AIT) stock?
APPLIED INDUSTRIAL TECH INC (AIT) has an RSI value of 64.6962. This indicates that the stock is currently neutral.
What is the short term momentum for AIT stock?
The short term momentum for APPLIED INDUSTRIAL TECH INC (AIT) is positive.
What is the buy/sell signal for APPLIED INDUSTRIAL TECH INC (AIT) stock?
The buy/sell signal for APPLIED INDUSTRIAL TECH INC (AIT) is buy as both the short term and long term trends are positive.