We assign a technical rating of 10 out of 10 to ASTE. 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!
- Looking at the yearly performance, ASTE did better than 85% of all other 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 77% of them.
- ASTE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month ASTE has a been trading in the 43.20 - 50.09 range, which is quite wide. It is currently trading near the high of this range.
ASTE has an excellent technical rating, but the quality of the setup is only medium 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
33.13
We found 4 important support areas.
- A support zone ranging from 44.30 to 44.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 43.07 to 43.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @41.81 from a horizontal line in the weekly time frame.
- Support @33.46 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- 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 | UP | POSITIVE | The short term trend for ASTE is up. |
| ChartMill Relative Strength | 85.29 | POSITIVE | ASTE has a high relative strength, it outperformed 85.29% 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) | 64.09 | NEUTRAL | The RSI value for ASTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests ASTE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.33 | OVERBOUGHT | The high Stochastics value suggests ASTE may be overbought. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for ASTE suggests some volalility. |
| Average Directional Index/ADX (14) | 22.46 | NEUTRAL | The ADX value for ASTE suggests a possible start of a new 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 |
|---|---|---|---|
| 49.48 | 44.34 | 5.14 (10.40%) | 9.62% |
| An entry @49.48. This is a Buy Stop order right above the resistance zone. | An exit @44.34. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.14 points, which is 10.40%. | For a 1.00% total portfolio risk, you can invest 9.62% of your capital in this trade. |
- 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.
49.1
+0.07 (+0.14%)
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 64.0908. 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 0.334133, 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 44.41 and a resistance level at 49.47. Check the full technical report for our detailed analysis of ASTE support and resistance levels.