APPLIED INDUSTRIAL TECH INC (AIT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AIT - US03820C1053 - Common Stock
Overall AIT gets a technical rating of 8 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- AIT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month AIT has a been trading in the 255.25 - 284.76 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, AIT outperforms 66% of them, which is more or less in line with the market.
- AIT is part of the Trading Companies & Distributors industry. There are 50 other stocks in this industry, AIT did better than 67% of them.
AIT has an excellent technical rating, but the quality of the setup is only medium 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
234.16
4 important support areas can be observed.
- A support zone ranging from 256.73 to 267.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 246.03 to 248.23. 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 @236.53 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 281.22 to 282.48. 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 | 66.13 | 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) | 63.14 | NEUTRAL | The RSI value for AIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.46 | POSITIVE | The MACD value suggests AIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.25 | OVERBOUGHT | The high Stochastics value suggests AIT may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for AIT suggests low volalility. |
| Average Directional Index/ADX (14) | 19.42 | NEGATIVE | The low ADX value for AIT suggests a weak or negative trend. |
277.44
-3.77 (-1.34%)
APPLIED INDUSTRIAL TECH INC / AIT FAQ
Can you provide the ChartMill technical rating for APPLIED INDUSTRIAL TECH INC?
ChartMill assigns a technical rating of 8 / 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 63.1392. 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.