ALTA EQUIPMENT GROUP INC (ALTG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:ALTG • US02128L1061
Overall ALTG gets a technical rating of 7 out of 10. In the last year, ALTG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The long and short term trends are both positive. This is looking good!
- ALTG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When compared to the yearly performance of all other stocks, ALTG outperforms 68% of them, which is more or less in line with the market.
- ALTG is part of the Trading Companies & Distributors industry. There are 50 other stocks in this industry, ALTG did better than 51% of them.
- ALTG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALTG is lagging the market.
ALTG has an excellent technical rating, but the quality of the setup is only medium 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
4.21
We found 4 important support areas.
- A support zone ranging from 6.00 to 6.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.95 from a trend line in the daily time frame.
- Support @4.57 from a trend line in the weekly time frame.
- Support @4.25 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 6.80 to 6.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.29 from a trend line in the weekly time frame.
- Resistance @7.71 from a trend line in the weekly 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 ALTG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALTG is up. |
| ChartMill Relative Strength | 68.17 | 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) | UP | POSITIVE | The current price of ALTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.21 | NEUTRAL | The RSI value for ALTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.33 | NEUTRAL | The Stochastics value for ALTG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.91 | MEDIUM VOLATILITY | The ATR as a percentage value for ALTG suggests some volalility. |
| Average Directional Index/ADX (14) | 39.5 | POSITIVE | The high ADX value value for ALTG suggests a strong trend. |
NYSE:ALTG (2/5/2026, 3:53:03 PM)
6.7
-0.12 (-1.76%)
ALTA EQUIPMENT GROUP INC / ALTG FAQ
What is the technical rating for ALTG stock?
ChartMill assigns a technical rating of 7 / 10 to ALTG.
What is the trend direction for ALTG stock?
The current trend direction for ALTA EQUIPMENT GROUP INC (ALTG) is Bullish.
What is the RSI signal for ALTG stock?
ALTA EQUIPMENT GROUP INC (ALTG) has an RSI value of 69.2052. This indicates that the stock is currently neutral.
What is the MACD signal for ALTA EQUIPMENT GROUP INC (ALTG) stock?
The MACD indicator for ALTA EQUIPMENT GROUP INC (ALTG) has a value of 0.0109762, indicating a bearish trend.
What is the short term momentum for ALTG stock?
The short term momentum for ALTA EQUIPMENT GROUP INC (ALTG) is positive.