ASTEC INDUSTRIES INC (ASTE) Technical Analysis
NASDAQ:ASTE • US0462241011
Current stock price
ASTE Technical Rating and Analysis
Taking everything into account, ASTE scores 10 out of 10 in our technical rating. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that ASTE is one of the better performing stocks in the market, outperforming 89% 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 87% 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 54.23 - 65.69 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ASTE Weekly and Daily overview Charts
ASTE Setup Rating and Analysis
Although ASTE has an excellent technical rating, it does not offer a high quality setup 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.
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ASTE Support and Resistance Analysis
46.94
When analyzing the support we can see 5 important areas.
- A support zone ranging from 59.21 to 60.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 56.81 to 57.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 52.67 to 53.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.96 from a trend line in the weekly time frame.
- Support @47.41 from a horizontal line 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 | UP | POSITIVE | The short term trend for ASTE is up. |
| ChartMill Relative Strength | 89.83 | POSITIVE | ASTE has a high relative strength, it outperformed 89.83% 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) | 65.75 | NEUTRAL | The RSI value for ASTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.49 | POSITIVE | The MACD value suggests ASTE has a positive trend. |
| Stochastics (14,3) | 85.35 | OVERBOUGHT | The high Stochastics value suggests ASTE may be overbought. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for ASTE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.4 | NEUTRAL | The ADX value for ASTE suggests a possible start of a new trend. |
ASTE Chart- and CandleStick Pattern Analysis
ASTE Technicals: Chart, Performance Metrics, Trend & Indicators
64.16
-0.86 (-1.32%)
ASTEC INDUSTRIES INC / ASTE TA 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 ASTEC INDUSTRIES INC (ASTE) stock?
ASTEC INDUSTRIES INC (ASTE) has an RSI value of 65.7492. 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 0.488887, indicating a bearish trend.
What is the support and resistance level for ASTE stock?
ASTEC INDUSTRIES INC (ASTE) has a support level at 60.28. Check the full technical report for our detailed analysis of ASTE support and resistance levels.