AZZ INC (AZZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AZZ - US0024741045 - Common Stock
We assign a technical rating of 10 out of 10 to AZZ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AZZ is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that AZZ is one of the better performing stocks in the market, outperforming 89% of all stocks.
- AZZ is part of the Building Products industry. There are 42 other stocks in this industry. AZZ outperforms 100% of them.
- AZZ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month AZZ has a been trading in the 106.63 - 123.60 range, which is quite wide. It is currently trading near the high of this range.
Although AZZ has an excellent technical rating, the quality of the presented setup is not ideal 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
75.75
5 important support areas can be observed.
- A support zone ranging from 110.76 to 112.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 107.18 to 108.05. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @103.76 from a trend line in the daily time frame.
- Support @82.07 from a trend line in the weekly time frame.
- Support @76.52 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 123.35 to 123.35. 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 AZZ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AZZ is up. |
| ChartMill Relative Strength | 89.52 | POSITIVE | AZZ has a high relative strength, it outperformed 89.52% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AZZ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AZZ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AZZ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.62 | NEUTRAL | The RSI value for AZZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests AZZ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.35 | OVERBOUGHT | The high Stochastics value suggests AZZ may be overbought. |
| Average True Range in percent/ATR (20) | 2.42 | MEDIUM VOLATILITY | The ATR as a percentage value for AZZ suggests some volalility. |
| Average Directional Index/ADX (14) | 29.17 | POSITIVE | The high ADX value value for AZZ suggests a strong trend. |
121.57
-1.78 (-1.44%)
AZZ INC / AZZ FAQ
What is the ChartMill technical rating of AZZ INC (AZZ) stock?
ChartMill assigns a technical rating of 10 / 10 to AZZ.
What is the current trend direction of AZZ INC (AZZ) stock?
The current trend direction for AZZ INC (AZZ) is Bullish.
What is the RSI signal for AZZ stock?
AZZ INC (AZZ) has an RSI value of 68.6223. This indicates that the stock is currently neutral.
What is the short term momentum for AZZ INC (AZZ) stock?
The short term momentum for AZZ INC (AZZ) is positive.
What is the support and resistance level for AZZ stock?
AZZ INC (AZZ) has a support level at 112.11 and a resistance level at 123.35. Check the full technical report for our detailed analysis of AZZ support and resistance levels.