ACUITY BRANDS INC (AYI)       188.29  +0.41 (+0.22%)

188.29  +0.41 (+0.22%)

US00508Y1029 - Common Stock - After market: 188.29 0 (0%)

Technical Rating

7

Taking everything into account, AYI scores 7 out of 10 in our technical rating. Although AYI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
AYI is one of the better performing stocks in the Electrical Equipment industry, it outperforms 76% of 86 stocks in the same industry.
In the last month AYI has a been trading in the 176.15 - 198.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Looking at the yearly performance, AYI did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
AYI is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.

Statistics

1 Month 3 Months 6 Months 12 Months 1.54% 17.57% 4.52% -4.04% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 85.05 142.71 - 220.97
AYI Weekly chart
AYI Daily chart

Support/Resistance Analysis


152.00

198.59
5 important support areas can be observed.
  • A support zone ranging from 187.18 to 188.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @182.25 from a horizontal line in the daily time frame.
  • Support @171.84 from a horizontal line in the daily time frame.
  • A support zone ranging from 158.38 to 159.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @153.54 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 189.11 to 190.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A resistance zone ranging from 195.16 to 196.62. This zone is formed by a combination of multiple trend lines in multiple time frames.

Setup Analysis

Setup Rating

9

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 188.31. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for AYI in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
190.89182.248.65 (4.53%)22.07%
An entry @190.89. This is a Buy Stop order right above the resistance zone.An exit @182.24. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 8.65 points, which is 4.53%.When investing 22.07% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The distance between exit and entry is rather small compared to the average daily movement of AYI. 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.
AYI Daily chart

ACUITY BRANDS INC188.29

NYSE:AYI (11/30/2022, 3:27:38 PM)+0.41 (+0.22%)

After market: 188.29 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Industrials
GICS Industry Electrical Equipment
Performance
Today 0.22% 1 Week -1.97%
2 Weeks -1.54% 1 Month 1.54%
3 Month 17.57% 6 Month 4.52%
Volatility
ATR(14) 5.79 ATR(20)% 3.06%
ATR Inc -12.67% Range Today 7.66
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 85.05 Mansfield 0.69
10 Day High 193.33 10 Day Low 179.75
20 Day High 198.85 20 Day Low 176.15
52 Week High 220.97 52 Week Low 142.71
CS1 End 182.25 CR1 Start 188.31
Volume & EV
DER(3) 3.81% DER(5) 1.47%
Volume 282.56K Volume Incr -23.25%
Vol(5) 164.41K Vol(50) 272.76K

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