AZZ INC (AZZ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:AZZ - US0024741045 - Common Stock
We assign a technical rating of 8 out of 10 to AZZ. In the last year, AZZ was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Besides having an excellent technical rating, AZZ also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 109.92. Right above this resistance zone may be a good entry point.
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75.75
5 important support areas can be observed.
- A support zone ranging from 108.37 to 109.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @102.86 from a trend line in the daily time frame.
- A support zone ranging from 97.64 to 97.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @81.84 from a trend line in the weekly time frame.
- Support @76.52 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 109.92 to 112.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @119.54 from a horizontal line in the daily time frame.
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 | 81.51 | POSITIVE | AZZ has a high relative strength, it outperformed 81.51% 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) | 56.33 | NEUTRAL | The RSI value for AZZ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests AZZ has a negative trend. |
| Stochastics (14,3) | 67.2 | NEUTRAL | The Stochastics value for AZZ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for AZZ suggests some volalility. |
| Average Directional Index/ADX (14) | 16.71 | NEGATIVE | The low ADX value for AZZ 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 |
|---|---|---|---|
| 112.01 | 108.36 | 3.65 (3.26%) | 25.00% |
| An entry @112.01. This is a Buy Stop order right above the resistance zone. | An exit @108.36. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.65 points, which is 3.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- 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.
109.83
-0.59 (-0.53%)
AZZ INC / AZZ FAQ
What is the ChartMill technical rating of AZZ INC (AZZ) stock?
ChartMill assigns a technical rating of 8 / 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 56.3295. 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 109.06 and a resistance level at 109.92. Check the full technical report for our detailed analysis of AZZ support and resistance levels.