ALAMO GROUP INC (ALG) Stock Technical Analysis
NYSE:ALG - New York Stock Exchange, Inc. - US0113111076 - Common Stock - Currency: USD
Overall ALG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, ALG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, ALG did better than 85% of all other stocks.
ALG is one of the better performing stocks in the Machinery industry, it outperforms 80% of 128 stocks in the same industry.
ALG is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so ALG is leading the market.
In the last month ALG has a been trading in the 195.38 - 220.00 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
Although ALG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
164.06
219.18
We found 3 important support areas.
- A support zone ranging from 195.68 to 197.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @170.43 from a horizontal line in the daily time frame.
- Support @165.72 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 215.05 to 217.01. 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 ALG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALG is up. |
| ChartMill Relative Strength | 85.71 | POSITIVE | ALG has a high relative strength, it outperformed 85.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALG is above 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) | 70.18 | OVERBOUGHT | The high RSI value suggests ALG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests ALG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.23 | OVERBOUGHT | The high Stochastics value suggests ALG may be overbought. |
| Average True Range in percent/ATR (20) | 1.84 | LOW VOLATILITY | The low ATR as a percentage value for ALG suggests low volalility. |
| Average Directional Index/ADX (14) | 40.1 | POSITIVE | The high ADX value value for ALG suggests a strong 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)
215.04
-1.96 (-0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.9%
1 Week1.23%
2 Weeks5.16%
1 Month5.69%
3 Month17.15%
6 Month14.18%
12 Month22.93%
2 Year16.93%
3 Year84.69%
5 Year109.51%
10 Year293.56%
15 Year890.97%
Volatility
ATR(14)4.02
ATR(20)%1.84%
ATR Inc-10.28%
Range Today5.02
ADR(20)3.59
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.71
Mansfield1.21
10 Day High220
10 Day Low202.76
20 Day High220
20 Day Low195.38
52 Week High220
52 Week Low157.07
CS1 End197.01
CR1 Start215.05
Volume & EV
DER(3)0.82%
DER(5)0.72%
Volume137.60K
Volume Incr53.47%
Vol(5)155.96K
Vol(50)109.81K