AZZ Technical Analysis - AZZ INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to AZZ. AZZ has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

In the last month AZZ has a been trading in the 92.98 - 114.10 range, which is quite wide. It is currently trading near the lows of this range.

AZZ is part of the Building Products industry. There are 41 other stocks in this industry. AZZ outperforms 87% of them.

When compared to the yearly performance of all other stocks, AZZ outperforms 68% of them, which is more or less in line with the market.

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

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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

AZZ has a poor technical rating and the quality of the setup is also only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

75.75

117.72

We found 3 important support areas.

A support zone ranging from 97.75 to 98.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @80.56 from a trend line in the weekly time frame.
Support @76.52 from a horizontal line in the weekly time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 98.56 to 99.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 110.32 to 112.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @116.55 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for AZZ is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for AZZ is down.
ChartMill Relative Strength	68.31	NEUTRAL	AZZ is not amongst the best or worst performers 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)	DOWN	NEGATIVE	The current price of AZZ is below a declining 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)	32.57	NEUTRAL	The RSI value for AZZ is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.34	NEGATIVE	The MACD value suggests AZZ has a negative trend, although the MACD value is rising.
Stochastics (14,3)	34.01	NEUTRAL	The Stochastics value for AZZ is a neutral value.
Average True Range in percent/ATR (20)	3.03	MEDIUM VOLATILITY	The ATR as a percentage value for AZZ suggests some volalility.
Average Directional Index/ADX (14)	34.78	POSITIVE	The high ADX value value for AZZ suggests a strong trend.