ALAMO GROUP INC (ALG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALG - US0113111076 - Common Stock
Overall ALG gets a technical rating of 0 out of 10. ALG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ALG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 160.93, a Stop Loss order could be placed below this zone.
More info and screens
156.21
We found 1 important support area.
- A support zone ranging from 157.79 to 160.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 160.95 to 163.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 166.88 to 168.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @228.33 from a horizontal line in the weekly time frame.
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 ALG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALG is down. |
| ChartMill Relative Strength | 15.09 | NEGATIVE | ALG has a low relative strength, it was outperformed by 84.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.04 | NEUTRAL | The RSI value for ALG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests ALG has a positive trend. |
| Stochastics (14,3) | 24.86 | NEUTRAL | The Stochastics value for ALG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for ALG suggests some volalility. |
| Average Directional Index/ADX (14) | 53.56 | POSITIVE | The high ADX value value for ALG suggests a strong trend. |
160.94
-2.7 (-1.65%)
ALAMO GROUP INC / ALG FAQ
What is the ChartMill technical rating of ALAMO GROUP INC (ALG) stock?
ChartMill assigns a technical rating of 0 / 10 to ALG.
What is the current trend direction of ALAMO GROUP INC (ALG) stock?
The current trend direction for ALAMO GROUP INC (ALG) is Bearish.
What is the RSI signal for ALG stock?
ALAMO GROUP INC (ALG) has an RSI value of 35.0357. This indicates that the stock is currently neutral.
What is the MACD signal for ALG stock?
The MACD indicator for ALAMO GROUP INC (ALG) has a value of 0.389264, indicating a bearish trend.
What is the buy/sell signal for ALG stock?
The buy/sell signal for ALAMO GROUP INC (ALG) is sell as both the short term and long term trends are negative.