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 long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- 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. We also observe that the gains produced by ASTE over the past year are nicely spread over this period.
- ASTE is part of the Machinery industry. There are 131 other stocks in this industry. ASTE outperforms 86% 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
Although ASTE has an excellent technical rating, it does not present a decent entry opportunity 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
ASTE Support and Resistance Analysis
33.70
When analyzing the support we can see 6 important areas.
- A support zone ranging from 53.06 to 53.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @50.86 from a trend line in the daily time frame.
- 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 47.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.39 from a trend line in the daily time frame.
- Support @34.04 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @56.18 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 | NEUTRAL | NEUTRAL | The short term trend for ASTE is neutral. |
| ChartMill Relative Strength | 89.03 | POSITIVE | ASTE has a high relative strength, it outperformed 89.03% 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) | 51.4 | NEUTRAL | The RSI value for ASTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests ASTE has a positive trend. |
| Stochastics (14,3) | 79.21 | NEUTRAL | The Stochastics value for ASTE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for ASTE suggests some volalility. |
| Average Directional Index/ADX (14) | 19.09 | NEGATIVE | The low ADX value for ASTE suggests a weak or negative trend. |
ASTE Chart- and CandleStick Pattern Analysis
ASTE Technicals: Chart, Performance Metrics, Trend & Indicators
55.06
-1.11 (-1.98%)
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 51.4029. 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 0.192641, indicating a bearish trend.
What is the support and resistance level for ASTE stock?
ASTEC INDUSTRIES INC (ASTE) has a support level at 53.93 and a resistance level at 56.18. Check the full technical report for our detailed analysis of ASTE support and resistance levels.