VALMONT INDUSTRIES (VMI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VMI - US9202531011 - Common Stock
Taking everything into account, VMI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VMI is showing a nice and steady performance.
VMI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 411.02, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
263.61
We found 5 important support areas.
- A support zone ranging from 401.69 to 411.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 389.98 to 393.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @379.20 from a horizontal line in the daily time frame.
- Support @307.03 from a trend line in the weekly time frame.
- Support @266.27 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 414.50 to 419.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @427.28 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 VMI is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VMI is neutral. |
| ChartMill Relative Strength | 84.83 | POSITIVE | VMI has a high relative strength, it outperformed 84.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VMI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VMI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VMI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.99 | NEUTRAL | The RSI value for VMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.83 | NEGATIVE | The MACD value suggests VMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.4 | NEUTRAL | The Stochastics value for VMI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for VMI suggests some volalility. |
| Average Directional Index/ADX (14) | 12.82 | NEGATIVE | The low ADX value for VMI 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 |
|---|---|---|---|
| 419.24 | 402.51 | 16.74 (3.99%) | 25.00% |
| An entry @419.24. This is a Buy Stop order right above the resistance zone. | An exit @402.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 16.74 points, which is 3.99%. | For a 1.00% 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 VMI. 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.
411.6
+3.98 (+0.98%)
VALMONT INDUSTRIES / VMI FAQ
What is the ChartMill technical rating of VALMONT INDUSTRIES (VMI) stock?
ChartMill assigns a technical rating of 9 / 10 to VMI.
Can you provide the trend direction for VALMONT INDUSTRIES?
The current trend direction for VALMONT INDUSTRIES (VMI) is Bullish.
Can you provide the RSI signal for VALMONT INDUSTRIES?
VALMONT INDUSTRIES (VMI) has an RSI value of 51.9893. This indicates that the stock is currently neutral.
What is the MACD signal for VMI stock?
The MACD indicator for VALMONT INDUSTRIES (VMI) has a value of -0.826152, indicating a bearish trend.
Can you provide the support and resistance levels for VALMONT INDUSTRIES?
VALMONT INDUSTRIES (VMI) has a support level at 411.02 and a resistance level at 414.5. Check the full technical report for our detailed analysis of VMI support and resistance levels.