We assign a technical rating of 9 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.
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
33.08
We found 5 important support areas.
- A support zone ranging from 45.06 to 45.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.99 from a trend line in the weekly time frame.
- Support @42.75 from a trend line in the daily time frame.
- Support @41.81 from a horizontal line in the weekly time frame.
- Support @33.41 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- 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 | UP | POSITIVE | The short term trend for ASTE is up. |
| ChartMill Relative Strength | 86.14 | POSITIVE | ASTE has a high relative strength, it outperformed 86.14% 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) | DOWN | MIXED | The current price of ASTE is above a declining 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) | 58.35 | NEUTRAL | The RSI value for ASTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests ASTE has a positive trend. |
| Stochastics (14,3) | 81.39 | 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) | 16.56 | NEGATIVE | The low ADX value for ASTE suggests a weak or negative trend. |
47.49
-0.11 (-0.23%)
ASTEC INDUSTRIES INC / ASTE FAQ
What is the technical rating for ASTE stock?
ChartMill assigns a technical rating of 9 / 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 58.3455. 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 0.231239, 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 45.94 and a resistance level at 48.58. Check the full technical report for our detailed analysis of ASTE support and resistance levels.