ALTA EQUIPMENT GROUP INC (ALTG) Stock Technical Analysis
NYSE:ALTG - US02128L1061 - Common Stock
8.34 USD
+0.13 (+1.58%)
8.34 USD
0 (0%)
Overall ALTG gets a technical rating of 9 out of 10. Both in the recent history as in the last year, ALTG 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.
ALTG is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 89% of 50 stocks in the same industry.
ALTG 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 ALTG is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that ALTG is one of the better performing stocks in the market, outperforming 92% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
In the last month ALTG has a been trading in the 7.07 - 8.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although ALTG has an excellent technical rating, the quality of the presented setup is not ideal 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
5.87
8.72
We found 4 important support areas.
- A support zone ranging from 7.55 to 7.61. 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 7.34 to 7.42. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @7.16 from a horizontal line in the daily time frame.
- Support @5.93 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @8.37 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 8.60 to 8.63. This zone is formed by a combination of multiple trend lines 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 | 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 | 92.01 | POSITIVE | ALTG has a high relative strength, it outperformed 92.01% off all stocks 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) | 57.21 | NEUTRAL | The RSI value for ALTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ALTG has a positive trend. |
| Stochastics (14,3) | 63.99 | NEUTRAL | The Stochastics value for ALTG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.43 | HIGH VOLATILITY | The high ATR as a percentage value for ALTG suggests high volalility. |
| Average Directional Index/ADX (14) | 20.88 | NEUTRAL | The ADX value for ALTG suggests a possible start of a new 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)
8.34
+0.13 (+1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg1.58%
1 Week3.99%
2 Weeks3.99%
1 Month11.8%
3 Month75.58%
6 Month52.19%
12 Month23.74%
2 Year-41.39%
3 Year-29.14%
5 Year-0.12%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.43
ATR(20)%5.43%
ATR Inc-47.04%
Range Today0.36
ADR(20)0.41
ADR(20)%4.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.01
Mansfield1.91
10 Day High8.88
10 Day Low7.26
20 Day High8.88
20 Day Low7.07
52 Week High8.99
52 Week Low3.54
CS1 End7.61
CR1 Start8.37
Volume & EV
DER(3)1.74%
DER(5)1.58%
Volume320.00K
Volume Incr21.34%
Vol(5)287.86K
Vol(50)282.63K