Overall ASTE gets a technical rating of 2 out of 10. ASTE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
ASTE has a poor technical rating and the quality of the setup is also not perfect 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.
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30.10
When analyzing the support we can see 6 important areas.
- Support @41.81 from a horizontal line in the weekly time frame.
- A support zone ranging from 40.64 to 40.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @38.75 from a horizontal line in the daily time frame.
- Support @33.09 from a trend line in the weekly time frame.
- Support @31.95 from a trend line in the weekly time frame.
- Support @30.40 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 46.07 to 46.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @48.58 from a horizontal line in the daily time frame.
- A resistance zone ranging from 49.47 to 49.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ASTE is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASTE is neutral. |
| ChartMill Relative Strength | 62.94 | NEUTRAL | ASTE is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ASTE is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ASTE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ASTE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.37 | NEUTRAL | The RSI value for ASTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests ASTE has a positive trend. |
| Stochastics (14,3) | 58.36 | NEUTRAL | The Stochastics value for ASTE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.75 | MEDIUM VOLATILITY | The ATR as a percentage value for ASTE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.63 | POSITIVE | The high ADX value value for ASTE suggests a strong trend. |
44.26
+0.26 (+0.59%)
ASTEC INDUSTRIES INC / ASTE FAQ
What is the technical rating for ASTE stock?
ChartMill assigns a technical rating of 2 / 10 to ASTE.
Can you provide the trend direction for ASTEC INDUSTRIES INC?
The current trend direction for ASTEC INDUSTRIES INC (ASTE) is Bearish.
What is the RSI signal for ASTE stock?
ASTEC INDUSTRIES INC (ASTE) has an RSI value of 49.368. This indicates that the stock is currently neutral.
What is the MACD signal for ASTE stock?
The MACD indicator for ASTEC INDUSTRIES INC (ASTE) has a value of 0.172047, indicating a bearish trend.
Can you provide the support and resistance levels for ASTEC INDUSTRIES INC?
ASTEC INDUSTRIES INC (ASTE) has a support level at 41.81 and a resistance level at 46.07. Check the full technical report for our detailed analysis of ASTE support and resistance levels.