ASTEC INDUSTRIES INC (ASTE) Stock Technical Analysis
USA - NASDAQ:ASTE - US0462241011 - Common Stock
49.46 USD
+0.9 (+1.85%)
49 USD
-0.46 (-0.93%)
Taking everything into account, ASTE scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ASTE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that ASTE is one of the better performing stocks in the market, outperforming 88% 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 129 other stocks in this industry. ASTE outperforms 89% 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 45.58 - 50.83 range, which is quite wide. It is currently trading near the high of this range.
Although ASTE 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
30.10
49.95
7 important support areas can be observed.
- A support zone ranging from 47.53 to 48.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 45.16 to 45.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.95 from a trend line in the daily time frame.
- Support @41.27 from a trend line in the weekly time frame.
- Support @38.75 from a horizontal line in the daily time frame.
- Support @32.67 from a trend line in the weekly time frame.
- Support @30.40 from a horizontal 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 | 88.38 | POSITIVE | ASTE has a high relative strength, it outperformed 88.38% 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) | 64.37 | NEUTRAL | The RSI value for ASTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ASTE has a positive trend. |
| Stochastics (14,3) | 71.5 | NEUTRAL | The Stochastics value for ASTE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for ASTE suggests some volalility. |
| Average Directional Index/ADX (14) | 33.67 | POSITIVE | The high ADX value value for ASTE suggests a strong 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)
49.46
+0.9 (+1.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.85%
1 Week3.65%
2 Weeks3.45%
1 Month4.61%
3 Month16.1%
6 Month56.67%
12 Month59.7%
2 Year23.53%
3 Year13.31%
5 Year-2.64%
10 Year52.18%
15 Year67.83%
Volatility
ATR(14)1.3
ATR(20)%2.62%
ATR Inc31.87%
Range Today2.2
ADR(20)1.26
ADR(20)%2.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.38
Mansfield1.67
10 Day High50.83
10 Day Low46.45
20 Day High50.83
20 Day Low45.58
52 Week High50.83
52 Week Low29.65
CS1 End48.33
CR1 StartN/A
Volume & EV
DER(3)-0.43%
DER(5)-1.76%
Volume203.90K
Volume Incr-12.07%
Vol(5)164.78K
Vol(50)192.76K