APPLIED INDUSTRIAL TECH INC (AIT) Stock Technical Analysis
NYSE:AIT - New York Stock Exchange, Inc. - US03820C1053 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to AIT. AIT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, AIT turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
AIT is an average performer in the Trading Companies & Distributors industry, it outperforms 57% of 48 stocks in the same industry.
AIT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AIT is lagging the market.
In the last month AIT has a been trading in the 221.52 - 238.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of AIT 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.
More info and screens
208.73
253.26
When analyzing the support we can see 2 important areas.
- Support @219.26 from a trend line in the weekly time frame.
- Support @210.84 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- Resistance @224.77 from a horizontal line in the daily time frame.
- A resistance zone ranging from 228.40 to 228.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 236.68 to 238.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 243.29 to 250.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for AIT is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AIT is neutral. |
| ChartMill Relative Strength | 63.88 | NEUTRAL | AIT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AIT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AIT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of AIT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.46 | NEUTRAL | The RSI value for AIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests AIT has a negative trend. |
| Stochastics (14,3) | 51.83 | NEUTRAL | The Stochastics value for AIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for AIT suggests some volalility. |
| Average Directional Index/ADX (14) | 9.85 | NEGATIVE | The low ADX value for AIT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
224.6
-10.29 (-4.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-4.38%
1 Week-0.26%
2 Weeks-3.9%
1 Month-2.5%
3 Month-0.41%
6 Month-7.02%
12 Month15.77%
2 Year55.08%
3 Year133.55%
5 Year259.99%
10 Year466.46%
15 Year787.05%
Volatility
ATR(14)5.57
ATR(20)%2.36%
ATR Inc118.31%
Range Today13.82
ADR(20)5.02
ADR(20)%2.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.88
Mansfield-0.79
10 Day High238.64
10 Day Low223.13
20 Day High238.64
20 Day Low221.52
52 Week High282.98
52 Week Low182.21
CS1 End219.26
CR1 Start224.77
Volume & EV
DER(3)1.17%
DER(5)2.26%
Volume828.80K
Volume Incr69.16%
Vol(5)501.18K
Vol(50)402.00K