APPLIED INDUSTRIAL TECH INC (AIT) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AIT - US03820C1053 - Common Stock
Taking everything into account, AIT scores 6 out of 10 in our technical rating. AIT has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
AIT has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 265.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 261.48, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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4 important support areas can be observed.
- A support zone ranging from 256.10 to 261.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 244.84 to 246.70. 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 @234.08 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 265.34 to 268.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 277.11 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 | 58.02 | 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) | 61.32 | NEUTRAL | The RSI value for AIT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests AIT has a positive trend. |
| Stochastics (14,3) | 72.32 | NEUTRAL | The Stochastics value for AIT is a neutral value. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for AIT suggests low volalility. |
| Average Directional Index/ADX (14) | 10.32 | 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 |
|---|---|---|---|
| 268.41 | 256.09 | 12.32 (4.59%) | 21.79% |
| An entry @268.41. This is a Buy Stop order right above the resistance zone. | An exit @256.09. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 12.32 points, which is 4.59%. | When investing 21.79% 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.
264.78
+0.45 (+0.17%)
APPLIED INDUSTRIAL TECH INC / AIT FAQ
Can you provide the ChartMill technical rating for APPLIED INDUSTRIAL TECH INC?
ChartMill assigns a technical rating of 6 / 10 to AIT.
What is the current trend direction of APPLIED INDUSTRIAL TECH INC (AIT) stock?
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 61.3184. This indicates that the stock is currently neutral.
Can you provide the MACD signal for APPLIED INDUSTRIAL TECH INC?
The MACD indicator for APPLIED INDUSTRIAL TECH INC (AIT) has a value of 0.439545, indicating a bearish trend.
What is the support and resistance level for AIT stock?
APPLIED INDUSTRIAL TECH INC (AIT) has a support level at 261.48 and a resistance level at 265.34. Check the full technical report for our detailed analysis of AIT support and resistance levels.