ACUITY INC (AYI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AYI - US00508Y1029 - Common Stock
Taking everything into account, AYI scores 8 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.
Besides having an excellent technical rating, AYI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 372.39. Right above this resistance zone may be a good entry point.
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226.59
5 important support areas can be observed.
- A support zone ranging from 369.11 to 370.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 349.35 to 361.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @341.64 from a horizontal line in the daily time frame.
- Support @334.23 from a horizontal line in the daily time frame.
- Support @228.88 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 372.39 to 374.73. 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 | 78.56 | POSITIVE | AYI has a high relative strength, it outperformed 78.56% 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) | 60.34 | NEUTRAL | The RSI value for AYI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.45 | POSITIVE | The MACD value suggests AYI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.24 | OVERBOUGHT | The high Stochastics value suggests AYI may be overbought. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for AYI suggests some volalility. |
| Average Directional Index/ADX (14) | 14.49 | NEGATIVE | The low ADX value for AYI suggests a weak or negative 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 |
|---|---|---|---|
| 374.74 | 369.10 | 5.64 (1.51%) | 25.00% |
| An entry @374.74. This is a Buy Stop order right above the resistance zone. | An exit @369.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.64 points, which is 1.51%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.38%. |
- 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.
372.38
+1.38 (+0.37%)
ACUITY INC / AYI FAQ
What is the technical rating for AYI stock?
ChartMill assigns a technical rating of 8 / 10 to AYI.
What is the trend direction for AYI stock?
The current trend direction for ACUITY INC (AYI) is Bullish.
What is the RSI signal for AYI stock?
ACUITY INC (AYI) has an RSI value of 60.3438. This indicates that the stock is currently neutral.
What is the MACD signal for ACUITY INC (AYI) stock?
The MACD indicator for ACUITY INC (AYI) has a value of 1.4537, indicating a bullish trend.
Can you provide the support and resistance levels for ACUITY INC?
ACUITY INC (AYI) has a support level at 370.46 and a resistance level at 372.39. Check the full technical report for our detailed analysis of AYI support and resistance levels.