ALTA EQUIPMENT GROUP INC (ALTG) Stock Technical Analysis
NYSE:ALTG - New York Stock Exchange, Inc. - US02128L1061 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to ALTG. In the past year, ALTG 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, ALTG is a bad performer in the overall market: 70% of all stocks are doing better.
ALTG is one of the lesser performing stocks in the Trading Companies & Distributors industry. 66% of 49 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ALTG has a been trading in the 4.61 - 6.48 range, which is quite wide. It is currently trading near the high of this range.
ALTG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALTG is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ALTG has an average technical rating and it also does not offer a high quality setup 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
4.78
6.84
We found 1 important support area.
- A support zone ranging from 4.83 to 4.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.25 to 6.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.77 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for ALTG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALTG is up. |
| ChartMill Relative Strength | 30.11 | NEUTRAL | ALTG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALTG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALTG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ALTG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.63 | NEUTRAL | The RSI value for ALTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ALTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.5 | OVERBOUGHT | The high Stochastics value suggests ALTG may be overbought. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for ALTG suggests high volalility. |
| Average Directional Index/ADX (14) | 29.21 | POSITIVE | The high ADX value value for ALTG 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)
NYSE:ALTG (6/13/2025, 2:20:52 PM)
6.23
-0.07 (-1.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.11%
1 Week8.81%
2 Weeks29.1%
1 Month15.17%
3 Month19.09%
6 Month-14.63%
12 Month-26.32%
2 Year-63.65%
3 Year-29.77%
5 Year-18.92%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%5.2%
ATR Inc-23.41%
Range Today0.14
ADR(20)0.31
ADR(20)%5.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.11
Mansfield-0.89
10 Day High6.48
10 Day Low4.61
20 Day High6.48
20 Day Low4.61
52 Week High11.39
52 Week Low3.54
CS1 End4.85
CR1 Start6.31
Volume & EV
DER(3)12.34%
DER(5)7.23%
Volume80.03K
Volume Incr13.89%
Vol(5)209.64K
Vol(50)189.14K