AZZ INC (AZZ) Technical Analysis
NYSE:AZZ • US0024741045
Current stock price
AZZ Technical Rating and Analysis
Taking everything into account, AZZ scores 6 out of 10 in our technical rating. In the last year, AZZ was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month AZZ has a been trading in the 118.42 - 137.00 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, AZZ did better than 87% of all other stocks.
- AZZ is part of the Building Products industry. There are 42 other stocks in this industry. AZZ outperforms 90% of them.
- AZZ is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AZZ is performing more or less in line with the market.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
AZZ Weekly and Daily overview Charts
AZZ Setup Rating and Analysis
Although the technical rating is only medium, AZZ does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 127.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 118.97, a Stop Loss order could be placed below this zone.
More info and screens
AZZ Support and Resistance Analysis
82.18
When analyzing the support we can see 4 important areas.
- A support zone ranging from 118.97 to 118.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @112.00 from a horizontal line in the daily time frame.
- Support @106.20 from a trend line in the daily time frame.
- Support @83.01 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 127.79 to 128.88. 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 135.99 to 135.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
AZZ 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 | UP | POSITIVE | The long term trend for AZZ is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for AZZ is down. |
| ChartMill Relative Strength | 87.51 | POSITIVE | AZZ has a high relative strength, it outperformed 87.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AZZ is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of AZZ is below 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) | 32.56 | NEUTRAL | The RSI value for AZZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.23 | NEGATIVE | The MACD value suggests AZZ has a negative trend. |
| Stochastics (14,3) | 9.94 | OVERSOLD | The low Stochastics value suggests AZZ may be oversold. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for AZZ suggests some volalility. |
| Average Directional Index/ADX (14) | 24.19 | NEUTRAL | The ADX value for AZZ suggests a possible start of a new trend. |
AZZ Chart- and CandleStick Pattern Analysis
AZZ Example Setup
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 |
|---|---|---|---|
| 123.31 | 118.96 | 4.35 (3.53%) | 25.00% |
| An entry @123.31. This is a Buy Stop order right above the 10 day moving average. | An exit @118.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.35 points, which is 3.53%. | For a 0.88% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AZZ. 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.
AZZ Technicals: Chart, Performance Metrics, Trend & Indicators
118.98
-2.28 (-1.88%)
AZZ INC / AZZ TA FAQ
What is the ChartMill technical rating of AZZ INC (AZZ) stock?
ChartMill assigns a technical rating of 6 / 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 32.5629. 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 negative.
What is the support and resistance level for AZZ stock?
AZZ INC (AZZ) has a support level at 118.97 and a resistance level at 127.79. Check the full technical report for our detailed analysis of AZZ support and resistance levels.