APPLIED INDUSTRIAL TECH INC (AIT) Stock Technical Analysis
USA - NYSE:AIT - US03820C1053 - Common Stock
247.92 USD
+3.08 (+1.26%)
247.92 USD
0 (0%)
Overall AIT gets a technical rating of 1 out of 10. 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.
In the last month AIT has a been trading in the 238.34 - 270.71 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When compared to the yearly performance of all other stocks, AIT outperforms 44% of them, which is more or less in line with the market.
AIT is an average performer in the Trading Companies & Distributors industry, it outperforms 50% of 49 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.
Although the technical rating is bad, AIT does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 260.87. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 244.83, a Stop Loss order could be placed below this zone.
More info and screens
208.73
283.31
We found 3 important support areas.
- A support zone ranging from 243.07 to 244.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @230.65 from a trend line in the weekly time frame.
- Support @210.84 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 260.87 to 261.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Strong resistance @267.72 from a horizontal line in the daily time frame.
- A resistance zone ranging from 274.69 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 | NEUTRAL | NEUTRAL | The long term trend for AIT is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AIT is down. |
| ChartMill Relative Strength | 44.93 | 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 | POSITIVE | The current price of AIT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.02 | NEUTRAL | The RSI value for AIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.89 | NEGATIVE | The MACD value suggests AIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.48 | NEUTRAL | The Stochastics value for AIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.69 | MEDIUM VOLATILITY | The ATR as a percentage value for AIT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.42 | NEUTRAL | The ADX value for AIT suggests a possible start of a new 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)
247.92
+3.08 (+1.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg1.26%
1 Week0.76%
2 Weeks-4.06%
1 Month-4.81%
3 Month-4.9%
6 Month11.8%
12 Month6.83%
2 Year61.5%
3 Year99.32%
5 Year306.09%
10 Year500.15%
15 Year715.26%
Volatility
ATR(14)7.08
ATR(20)%2.69%
ATR Inc18.28%
Range Today8.9
ADR(20)6.6
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.93
Mansfield-0.92
10 Day High263.94
10 Day Low238.34
20 Day High270.71
20 Day Low238.34
52 Week High282.98
52 Week Low199.96
CS1 End244.83
CR1 Start260.87
Volume & EV
DER(3)1.38%
DER(5)0.72%
Volume662.30K
Volume Incr40.26%
Vol(5)325.64K
Vol(50)250.88K