VALMONT INDUSTRIES (VMI) Stock Technical Analysis
NYSE:VMI - US9202531011 - Common Stock
377.91 USD
+0.43 (+0.11%)
377.91 USD
0 (0%)
Taking everything into account, VMI scores 10 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.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, VMI did better than 84% of all other stocks. On top of that, VMI also shows a nice and consistent pattern of rising prices.
VMI 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 VMI has a been trading in the 360.41 - 384.08 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
VMI is part of the Construction & Engineering industry. There are 53 other stocks in this industry, VMI did better than 65% of them.
VMI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 377.92. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 376.98, a Stop Loss order could be placed below this zone.
More info and screens
263.61
384.69
When analyzing the support we can see 5 important areas.
- A support zone ranging from 363.83 to 376.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @346.12 from a trend line in the daily time frame.
- Support @325.47 from a horizontal line in the daily time frame.
- Support @290.10 from a trend line in the weekly time frame.
- Support @266.27 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 377.92 to 380.88. 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 VMI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VMI is up. |
| ChartMill Relative Strength | 84.52 | POSITIVE | VMI has a high relative strength, it outperformed 84.52% 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) | 61.16 | NEUTRAL | The RSI value for VMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.9 | NEGATIVE | The MACD value suggests VMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 68.75 | NEUTRAL | The Stochastics value for VMI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for VMI suggests some volalility. |
| Average Directional Index/ADX (14) | 18.16 | NEGATIVE | The low ADX value for VMI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 380.89 | 363.82 | 17.07 (4.48%) | 22.31% |
| An entry @380.89. This is a Buy Stop order right above the resistance zone. | An exit @363.82. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 17.07 points, which is 4.48%. | When investing 22.31% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
377.91
+0.43 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.11%
1 Week1%
2 Weeks3.87%
1 Month2.69%
3 Month16.06%
6 Month15.23%
12 Month41.93%
2 Year57.32%
3 Year40.69%
5 Year204.32%
10 Year298.26%
15 Year421.98%
Volatility
ATR(14)8.33
ATR(20)%2.23%
ATR Inc33.94%
Range Today10.08
ADR(20)8.38
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.52
Mansfield0.7
10 Day High381.42
10 Day Low360.41
20 Day High384.09
20 Day Low360.41
52 Week High384.09
52 Week Low250.07
CS1 End376.98
CR1 Start377.92
Volume & EV
DER(3)-2.35%
DER(5)-1.62%
Volume221.70K
Volume Incr33.48%
Vol(5)262.28K
Vol(50)204.30K