ALAMO GROUP INC (ALG) Stock Technical Analysis
NYSE:ALG - New York Stock Exchange, Inc. - US0113111076 - Common Stock - Currency: USD
Taking everything into account, ALG scores 8 out of 10 in our technical rating. In the last year, ALG was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, ALG did better than 74% of all other stocks. We also observe that the gains produced by ALG over the past year are nicely spread over this period.
ALG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALG is lagging the market slightly.
ALG is an average performer in the Machinery industry, it outperforms 59% of 127 stocks in the same industry.
In the last month ALG has a been trading in the 211.14 - 233.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ALG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 214.40, a Stop Loss order could be placed below this zone.
More info and screens
164.06
234.75
We found 2 important support areas.
- A support zone ranging from 212.25 to 214.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 165.72 to 167.65. This zone is formed by a combination of multiple trend lines in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 220.04 to 228.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @232.43 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for ALG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALG is neutral. |
| ChartMill Relative Strength | 74.48 | POSITIVE | ALG has a high relative strength, it outperformed 74.48% 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) | UP | MIXED | The current price of ALG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.43 | NEUTRAL | The RSI value for ALG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.95 | NEGATIVE | The MACD value suggests ALG has a negative trend. |
| Stochastics (14,3) | 39.4 | NEUTRAL | The Stochastics value for ALG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.83 | MEDIUM VOLATILITY | The ATR as a percentage value for ALG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.57 | NEGATIVE | The low ADX value for ALG 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)
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 |
|---|---|---|---|
| 223.41 | 212.24 | 11.17 (5.00%) | 20.01% |
| An entry @223.41. This is a Buy Stop order right above the 10 day moving average. | An exit @212.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 11.17 points, which is 5.00%. | For a 1.00% total portfolio risk, you can invest 20.01% of your capital in this trade. |
- 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.
214.41
-5.77 (-2.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.62%
1 Week-7.75%
2 Weeks-4.61%
1 Month-2.09%
3 Month8.83%
6 Month13.5%
12 Month16.32%
2 Year24.91%
3 Year63.97%
5 Year93.34%
10 Year316.41%
15 Year999.54%
Volatility
ATR(14)6.65
ATR(20)%2.83%
ATR Inc9.42%
Range Today7.72
ADR(20)5.29
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.48
Mansfield0.32
10 Day High233.29
10 Day Low211.14
20 Day High233.29
20 Day Low211.14
52 Week High233.29
52 Week Low157.07
CS1 End214.4
CR1 Start220.04
Volume & EV
DER(3)-0.01%
DER(5)0.6%
Volume78.62K
Volume Incr-24.7%
Vol(5)64.26K
Vol(50)113.78K