ALTA EQUIPMENT GROUP INC (ALTG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ALTG - US02128L1061 - Common Stock
Taking everything into account, ALTG scores 0 out of 10 in our technical rating. ALTG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of ALTG is bad and it also does not present a 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
4.14
We found 2 important support areas.
- Support @4.51 from a trend line in the weekly time frame.
- A support zone ranging from 4.18 to 4.25. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 4.98 to 5.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.64 from a trend line in the weekly time frame.
- Resistance @7.94 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 | DOWN | NEGATIVE | The long term trend for ALTG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALTG is down. |
| ChartMill Relative Strength | 10.16 | NEGATIVE | ALTG has a low relative strength, it was outperformed by 89.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALTG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALTG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.15 | NEUTRAL | The RSI value for ALTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ALTG has a negative trend. |
| Stochastics (14,3) | 6.28 | OVERSOLD | The low Stochastics value suggests ALTG may be oversold. |
| Average True Range in percent/ATR (20) | 4.83 | MEDIUM VOLATILITY | The ATR as a percentage value for ALTG suggests some volalility. |
| Average Directional Index/ADX (14) | 24.99 | NEUTRAL | The ADX value for ALTG suggests a possible start of a new trend. |
4.72
+0.02 (+0.43%)
ALTA EQUIPMENT GROUP INC / ALTG FAQ
What is the technical rating for ALTG stock?
ChartMill assigns a technical rating of 0 / 10 to ALTG.
Can you provide the trend direction for ALTA EQUIPMENT GROUP INC?
The current trend direction for ALTA EQUIPMENT GROUP INC (ALTG) is Bearish.
What is the RSI signal for ALTG stock?
ALTA EQUIPMENT GROUP INC (ALTG) has an RSI value of 39.1467. This indicates that the stock is currently neutral.
What is the MACD signal for ALTG stock?
The MACD indicator for ALTA EQUIPMENT GROUP INC (ALTG) has a value of -0.0218498, indicating a bearish trend.
Can you provide the support and resistance levels for ALTA EQUIPMENT GROUP INC?
ALTA EQUIPMENT GROUP INC (ALTG) has a support level at 4.51 and a resistance level at 4.98. Check the full technical report for our detailed analysis of ALTG support and resistance levels.