APPLIED INDUSTRIAL TECH INC (AIT) Stock Technical Analysis
NYSE:AIT - New York Stock Exchange, Inc. - US03820C1053 - Common Stock - Currency: USD
Taking everything into account, AIT scores 3 out of 10 in our technical rating. In the past year, AIT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
AIT is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry. AIT outperforms 72% of them.
When comparing the yearly performance of all stocks, we notice that AIT is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
AIT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so AIT is lagging the market slightly.
In the last month AIT has a been trading in the 213.78 - 236.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
AIT has a bad technical rating, but it does show 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. There is a support zone below the current price at 229.96, a Stop Loss order could be placed below this zone.
More info and screens
203.96
256.43
When analyzing the support we can see 2 important areas.
- A support zone ranging from 224.77 to 229.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 206.02 to 216.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- Resistance @231.37 from a trend line in the daily time frame.
- A resistance zone ranging from 237.41 to 238.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @243.29 from a horizontal line in the daily time frame.
- A resistance zone ranging from 249.65 to 253.89. 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 | DOWN | NEGATIVE | The long term trend for AIT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for AIT is neutral. |
| ChartMill Relative Strength | 78.57 | POSITIVE | AIT has a high relative strength, it outperformed 78.57% off all stocks 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 | MIXED | The current price of AIT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.18 | NEUTRAL | The RSI value for AIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests AIT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.3 | NEUTRAL | The Stochastics value for AIT is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for AIT suggests some volalility. |
| Average Directional Index/ADX (14) | 9.26 | 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)
230.01
+5.44 (+2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg2.42%
1 Week-0.15%
2 Weeks-1.41%
1 Month2.63%
3 Month0%
6 Month-16%
12 Month22.89%
2 Year58.81%
3 Year139.17%
5 Year268.67%
10 Year480.1%
15 Year808.41%
Volatility
ATR(14)5.23
ATR(20)%2.64%
ATR Inc-9.25%
Range Today5.74
ADR(20)5.16
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.57
Mansfield-0.36
10 Day High232.39
10 Day Low218.48
20 Day High236.88
20 Day Low213.78
52 Week High282.98
52 Week Low181.35
CS1 End229.96
CR1 Start231.37
Volume & EV
DER(3)0.04%
DER(5)1.13%
Volume367.80K
Volume Incr-32.4%
Vol(5)316.96K
Vol(50)420.77K