We assign a technical rating of 7 out of 10 to ASTE. In the last year, ASTE was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, ASTE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
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30.10
When analyzing the support we can see 5 important areas.
- Support @43.37 from a trend line in the weekly time frame.
- A support zone ranging from 41.81 to 41.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.64 from a horizontal line in the daily time frame.
- Support @33.30 from a trend line in the weekly time frame.
- Support @30.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 45.15 to 45.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @46.82 from a trend line 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 | UP | POSITIVE | The long term trend for ASTE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ASTE is neutral. |
| ChartMill Relative Strength | 78.52 | POSITIVE | ASTE has a high relative strength, it outperformed 78.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ASTE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ASTE is below 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) | 48.23 | NEUTRAL | The RSI value for ASTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ASTE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.19 | NEUTRAL | The Stochastics value for ASTE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.17 | MEDIUM VOLATILITY | The ATR as a percentage value for ASTE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.02 | NEGATIVE | The low ADX value for ASTE suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 45.97 | 43.76 | 2.21 (4.81%) | 20.80% |
| An entry @45.97. This is a Buy Stop order right above the resistance zone. | An exit @43.76. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.21 points, which is 4.81%. | When investing 20.80% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of ASTE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.99
-0.64 (-1.4%)
ASTEC INDUSTRIES INC / ASTE FAQ
What is the technical rating for ASTE stock?
ChartMill assigns a technical rating of 7 / 10 to ASTE.
Can you provide the trend direction for ASTEC INDUSTRIES INC?
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 48.2253. 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 0.0664396, 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 43.37 and a resistance level at 45.15. Check the full technical report for our detailed analysis of ASTE support and resistance levels.