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 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALG is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ALG is part of the Machinery industry. There are 127 other stocks in this industry. ALG outperforms 75% of them.
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.
Looking at the yearly performance, ALG did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month ALG has a been trading in the 209.61 - 230.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ALG also presents 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 216.03, a Stop Loss order could be placed below this zone.
More info and screens
164.06
230.61
When analyzing the support we can see 2 important areas.
- A support zone ranging from 216.03 to 216.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 165.72 to 167.28. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 226.22 to 228.33. 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 | NEUTRAL | NEUTRAL | The short term trend for ALG is neutral. |
| ChartMill Relative Strength | 79.52 | POSITIVE | ALG has a high relative strength, it outperformed 79.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALG is below 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) | 47.98 | NEUTRAL | The RSI value for ALG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.84 | NEGATIVE | The MACD value suggests ALG has a negative trend. |
| Stochastics (14,3) | 10.36 | OVERSOLD | The low Stochastics value suggests ALG may be oversold. |
| Average True Range in percent/ATR (20) | 2 | LOW VOLATILITY | The low ATR as a percentage value for ALG suggests low volalility. |
| Average Directional Index/ADX (14) | 27.63 | 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)
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 |
|---|---|---|---|
| 221.48 | 216.02 | 5.45 (2.46%) | 25.00% |
| An entry @221.47. This is a Buy Stop order right above the 10 day moving average. | An exit @216.02. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.45 points, which is 2.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.62%. |
- The distance between exit and entry is rather small compared to the average daily movement of ALG. Please evaluate whether better entry and exit points can be found.
- 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.
216.04
-1.11 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.51%
1 Week-3.69%
2 Weeks-4.06%
1 Month0.71%
3 Month28.18%
6 Month16.44%
12 Month10.81%
2 Year11.5%
3 Year66.94%
5 Year109.52%
10 Year311.19%
15 Year822.07%
Volatility
ATR(14)4.26
ATR(20)%2%
ATR Inc-31.04%
Range Today3.2
ADR(20)4.26
ADR(20)%1.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.52
Mansfield0.61
10 Day High230.16
10 Day Low215.53
20 Day High230.16
20 Day Low209.61
52 Week High230.16
52 Week Low157.07
CS1 End216.03
CR1 Start226.22
Volume & EV
DER(3)-1.32%
DER(5)-1.33%
Volume52.77K
Volume Incr-42.28%
Vol(5)83.71K
Vol(50)121.64K