We assign a technical rating of 10 out of 10 to ASTE. Both in the recent history as in the last year, ASTE 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.
- When comparing the yearly performance of all stocks, we notice that ASTE is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, ASTE also shows a nice and consistent pattern of rising prices.
- ASTE is part of the Machinery industry. There are 132 other stocks in this industry. ASTE outperforms 90% of them.
- A new 52 week high is currently being made by ASTE, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month ASTE has a been trading in the 46.57 - 57.88 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although ASTE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
33.28
4 important support areas can be observed.
- A support zone ranging from 49.33 to 49.97. 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 47.26 to 48.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.24 to 45.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.62 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 ASTE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ASTE is up. |
| ChartMill Relative Strength | 92.7 | POSITIVE | ASTE has a high relative strength, it outperformed 92.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ASTE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ASTE is above the rising 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) | 79.25 | OVERBOUGHT | The high RSI value suggests ASTE may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.77 | POSITIVE | The MACD value suggests ASTE has a positive trend. |
| Stochastics (14,3) | 94.46 | OVERBOUGHT | The high Stochastics value suggests ASTE may be overbought. |
| Average True Range in percent/ATR (20) | 2.98 | MEDIUM VOLATILITY | The ATR as a percentage value for ASTE suggests some volalility. |
| Average Directional Index/ADX (14) | 25.78 | POSITIVE | The high ADX value value for ASTE suggests a strong trend. |
57.43
+2.75 (+5.03%)
ASTEC INDUSTRIES INC / ASTE FAQ
What is the technical rating for ASTE stock?
ChartMill assigns a technical rating of 10 / 10 to ASTE.
What is the current trend direction of ASTEC INDUSTRIES INC (ASTE) stock?
The current trend direction for ASTEC INDUSTRIES INC (ASTE) is Bullish.
What is the RSI signal for ASTE stock?
ASTEC INDUSTRIES INC (ASTE) has an RSI value of 79.2536. This indicates that the stock is currently overbought.
What is the MACD signal for ASTE stock?
The MACD indicator for ASTEC INDUSTRIES INC (ASTE) has a value of 0.774116, indicating a bearish trend.
What are the support and resistance levels for ASTEC INDUSTRIES INC (ASTE) stock?
ASTEC INDUSTRIES INC (ASTE) has a support level at 49.97. Check the full technical report for our detailed analysis of ASTE support and resistance levels.