AZ2 Technical Analysis - ANDRITZ AG

Technical Rating and Analysis

Taking everything into account, AZ2 scores 0 out of 10 in our technical rating. AZ2's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, AZ2 is a bad performer in the overall market: 84% of all stocks are doing better.

AZ2 is part of the Machinery industry. There are 102 other stocks in this industry, of which 62% are performing better than AZ2.

Warning: AZ2 has an average volume of 1661 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

AZ2 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AZ2 is lagging the market.

In the last month AZ2 has a been trading in a tight range between 58.80 and 62.15.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, AZ2 does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 59.79, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

52.50

67.77

3 important support areas can be observed.

A support zone ranging from 59.75 to 59.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @58.79 from a horizontal line in the daily time frame.
Support @53.03 from a trend line in the daily time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 59.98 to 62.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 66.90 to 67.10. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for AZ2.DE is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AZ2.DE is down.
ChartMill Relative Strength	16.66	NEGATIVE	AZ2.DE has a low relative strength, it was outperformed by 83.34% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of AZ2.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of AZ2.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AZ2.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	43.63	NEUTRAL	The RSI value for AZ2.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests AZ2.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	28.34	NEUTRAL	The Stochastics value for AZ2.DE is a neutral value.
Average True Range in percent/ATR (20)	1.59	LOW VOLATILITY	The low ATR as a percentage value for AZ2.DE suggests low volalility.
Average Directional Index/ADX (14)	8.14	NEGATIVE	The low ADX value for AZ2.DE suggests a weak or negative trend.