APPLIED INDUSTRIAL TECH INC (AIT) Stock Technical Analysis
NYSE:AIT • US03820C1053
We assign a technical rating of 8 out of 10 to AIT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AIT is only an average performer.
- AIT is one of the lesser performing stocks in the Trading Companies & Distributors industry. 64% of 51 stocks in the same industry do better.
- The long and short term trends are both positive. This is looking good!
- A new 52 week high is currently being made by AIT, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month AIT has a been trading in the 255.01 - 296.69 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 64% of them, which is more or less in line with the market.
- Volume is considerably higher in the last couple of days.
AIT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 259.84, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AIT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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235.98
When analyzing the support we can see 4 important areas.
- A support zone ranging from 256.73 to 259.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @251.52 from a trend line in the daily time frame.
- Support @246.03 from a horizontal line in the weekly time frame.
- A support zone ranging from 238.36 to 240.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 291.75 to 291.75. 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 | 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 | 64.55 | 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) | 52.32 | NEUTRAL | The RSI value for AIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.65 | POSITIVE | The MACD value suggests AIT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.23 | NEUTRAL | The Stochastics value for AIT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for AIT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.48 | NEGATIVE | The low ADX value for AIT suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 291.76 | 255.00 | 36.76 (12.60%) | 7.94% |
| An entry @291.76. This is a Buy Stop order right above the resistance zone. | An exit @255.00. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 36.76 points, which is 12.60%. | When investing 7.94% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
279.03
-11.28 (-3.89%)
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 52.3202. 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.