ASTEC INDUSTRIES INC (ASTE) Technical Analysis
NASDAQ:ASTE • US0462241011
Current stock price
ASTE Technical Rating and Analysis
Overall ASTE gets a technical rating of 8 out of 10. In the last year, ASTE was one of the better performers, but we do observe some doubts in the very recent evolution.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that ASTE is one of the better performing stocks in the market, outperforming 87% 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 131 other stocks in this industry. ASTE outperforms 83% of them.
- ASTE is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ASTE is performing more or less in line with the market.
- In the last month ASTE has a been trading in the 49.32 - 59.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
ASTE Weekly and Daily overview Charts
ASTE Setup Rating and Analysis
Besides having an excellent technical rating, ASTE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 55.47. Right above this resistance zone may be a good entry point.
More info and screens
ASTE Support and Resistance Analysis
46.94
5 important support areas can be observed.
- Support @55.11 from a trend line in the daily time frame.
- A support zone ranging from 52.87 to 54.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.09 to 51.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 49.83 to 49.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 47.41 to 48.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 55.47 to 56.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
ASTE Technical Indicator Signal Analysis
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 | 87.94 | POSITIVE | ASTE has a high relative strength, it outperformed 87.94% off all stocks 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) | 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) | 52.29 | NEUTRAL | The RSI value for ASTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests ASTE has a positive trend. |
| Stochastics (14,3) | 79.97 | NEUTRAL | The Stochastics value for ASTE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for ASTE suggests some volalility. |
| Average Directional Index/ADX (14) | 17.07 | NEGATIVE | The low ADX value for ASTE suggests a weak or negative trend. |
ASTE Chart- and CandleStick Pattern Analysis
ASTE Example Setup
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 |
|---|---|---|---|
| 56.19 | 55.10 | 1.09 (1.94%) | 25.00% |
| An entry @56.19. This is a Buy Stop order right above the resistance zone. | An exit @55.10. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.09 points, which is 1.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.48%. |
- 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.
ASTE Technicals: Chart, Performance Metrics, Trend & Indicators
55.38
+0.13 (+0.24%)
ASTEC INDUSTRIES INC / ASTE TA FAQ
What is the technical rating for ASTE stock?
ChartMill assigns a technical rating of 8 / 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 ASTEC INDUSTRIES INC (ASTE) stock?
ASTEC INDUSTRIES INC (ASTE) has an RSI value of 52.2948. 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 0.313831, indicating a bearish trend.
What is the support and resistance level for ASTE stock?
ASTEC INDUSTRIES INC (ASTE) has a support level at 55.11 and a resistance level at 55.47. Check the full technical report for our detailed analysis of ASTE support and resistance levels.