ACUITY INC (AYI) Stock Technical Analysis
NYSE:AYI - New York Stock Exchange, Inc. - US00508Y1029 - Common Stock - Currency: USD
Taking everything into account, AYI scores 8 out of 10 in our technical rating. In the last year, AYI was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, AYI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 303.46. Right above this resistance zone may be a good entry point.
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226.59
When analyzing the support we can see 4 important areas.
- A support zone ranging from 279.10 to 279.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @255.94 from a horizontal line in the daily time frame.
- Support @240.04 from a trend line in the weekly time frame.
- Support @228.88 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 303.46 to 305.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 333.45 to 337.08. 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 AYI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AYI is up. |
| ChartMill Relative Strength | 81.08 | POSITIVE | AYI has a high relative strength, it outperformed 81.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AYI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AYI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AYI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.81 | NEUTRAL | The RSI value for AYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests AYI has a negative trend. |
| Stochastics (14,3) | 77.26 | NEUTRAL | The Stochastics value for AYI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for AYI suggests some volalility. |
| Average Directional Index/ADX (14) | 36.07 | POSITIVE | The high ADX value value for AYI suggests a strong 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 |
|---|---|---|---|
| 305.79 | 294.26 | 11.53 (3.77%) | 25.00% |
| An entry @305.79. This is a Buy Stop order right above the resistance zone. | An exit @294.26. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 11.53 points, which is 3.77%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.94%. |
- 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.
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-4.26 (-1.41%)