ALAMO GROUP INC (ALG) Technical Analysis
NYSE:ALG • US0113111076
Current stock price
ALG Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to ALG. In the past year, ALG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, ALG is a bad performer in the overall market: 71% of all stocks are doing better.
- ALG is one of the lesser performing stocks in the Machinery industry. 65% of 131 stocks in the same industry do better.
- ALG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ALG has a been trading in the 159.12 - 181.32 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
ALG Weekly and Daily overview Charts
ALG Setup Rating and Analysis
ALG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 176.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 170.35, a Stop Loss order could be placed below this zone.
More info and screens
ALG Support and Resistance Analysis
156.21
2 important support areas can be observed.
- A support zone ranging from 168.85 to 170.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 157.79 to 160.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 176.90 to 179.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @211.29 from a trend line in the weekly time frame.
- Resistance @215.62 from a trend line in the daily time frame.
ALG Technical Indicator Signal Analysis
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 | UP | POSITIVE | The short term trend for ALG is up. |
| ChartMill Relative Strength | 29.5 | NEGATIVE | ALG has a low relative strength, it was outperformed by 70.5% 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) | 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) | 52.62 | NEUTRAL | The RSI value for ALG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.41 | POSITIVE | The MACD value suggests ALG has a positive trend. |
| Stochastics (14,3) | 85.72 | OVERBOUGHT | The high Stochastics value suggests ALG may be overbought. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for ALG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.03 | POSITIVE | The high ADX value value for ALG suggests a strong trend. |
ALG Chart- and CandleStick Pattern Analysis
ALG Technicals: Chart, Performance Metrics, Trend & Indicators
176.89
-2.15 (-1.2%)
ALAMO GROUP INC / ALG TA FAQ
What is the ChartMill technical rating of ALAMO GROUP INC (ALG) stock?
ChartMill assigns a technical rating of 2 / 10 to ALG.
What is the trend direction for ALG stock?
The current trend direction for ALAMO GROUP INC (ALG) is Bearish.
What is the RSI signal for ALAMO GROUP INC (ALG) stock?
ALAMO GROUP INC (ALG) has an RSI value of 52.6229. This indicates that the stock is currently neutral.
Can you provide the MACD signal for ALAMO GROUP INC?
The MACD indicator for ALAMO GROUP INC (ALG) has a value of 2.40764, indicating a bullish trend.
Can you provide the support and resistance levels for ALAMO GROUP INC?
ALAMO GROUP INC (ALG) has a support level at 170.35 and a resistance level at 176.9. Check the full technical report for our detailed analysis of ALG support and resistance levels.