APPLIED INDUSTRIAL TECH INC (AIT) Stock Technical Analysis
NYSE:AIT - New York Stock Exchange, Inc. - US03820C1053 - Common Stock - Currency: USD
Overall AIT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, AIT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
AIT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AIT is lagging the market slightly.
AIT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Looking at the yearly performance, AIT did better than 84% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
AIT is an average performer in the Trading Companies & Distributors industry, it outperforms 67% of 50 stocks in the same industry.
AIT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
220.58
283.31
We found 2 important support areas.
- Support @235.46 from a trend line in the daily time frame.
- A support zone ranging from 222.81 to 225.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 275.20 to 280.50. 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 | 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 | 84.05 | POSITIVE | AIT has a high relative strength, it outperformed 84.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of AIT is below 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) | 54.45 | NEUTRAL | The RSI value for AIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.82 | NEGATIVE | The MACD value suggests AIT has a negative trend. |
| Stochastics (14,3) | 29.98 | NEUTRAL | The Stochastics value for AIT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for AIT suggests low volalility. |
| Average Directional Index/ADX (14) | 28.74 | POSITIVE | The high ADX value value for AIT suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 268.45 | 260.10 | 8.35 (3.11%) | 25.00% |
| An entry @268.45. This is a Buy Stop order right above the 10 day moving average. | An exit @260.10. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 8.35 points, which is 3.11%. | For a 0.78% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
263.13
-0.3 (-0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.11%
1 Week-0.4%
2 Weeks-3.31%
1 Month3.63%
3 Month19.33%
6 Month0.34%
12 Month33.57%
2 Year70.45%
3 Year148.19%
5 Year337.02%
10 Year521.47%
15 Year881.83%
Volatility
ATR(14)5.07
ATR(20)%1.99%
ATR Inc-23.49%
Range Today2.98
ADR(20)4.93
ADR(20)%1.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.05
Mansfield0.14
10 Day High276.83
10 Day Low260.11
20 Day High276.83
20 Day Low250.42
52 Week High282.98
52 Week Low189.18
CS1 End235.46
CR1 Start275.2
Volume & EV
DER(3)1.92%
DER(5)1.58%
Volume280.30K
Volume Incr-19.24%
Vol(5)285.84K
Vol(50)483.17K