VALMONT INDUSTRIES (VMI) Technical Analysis
NYSE:VMI • US9202531011
Current stock price
VMI Technical Rating and Analysis
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 86% 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 379.99 - 503.91 range, which is quite wide. It is currently trading near the high of this range.
- VMI is part of the Construction & Engineering industry. There are 55 other stocks in this industry, VMI did better than 61% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
VMI Weekly and Daily overview Charts
VMI Setup Rating and Analysis
Although VMI has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
VMI Support and Resistance Analysis
375.42
We found 4 important support areas.
- A support zone ranging from 431.81 to 441.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 407.16 to 413.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 386.70 to 393.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @379.21 from a horizontal line in the daily time frame.
VMI 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 VMI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VMI is up. |
| ChartMill Relative Strength | 86.89 | POSITIVE | VMI has a high relative strength, it outperformed 86.89% 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) | 73.03 | OVERBOUGHT | The high RSI value suggests VMI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 10.15 | POSITIVE | The MACD value suggests VMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.05 | OVERBOUGHT | The high Stochastics value suggests VMI may be overbought. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for VMI suggests some volalility. |
| Average Directional Index/ADX (14) | 26.91 | POSITIVE | The high ADX value value for VMI suggests a strong trend. |
VMI Chart- and CandleStick Pattern Analysis
VMI Technicals: Chart, Performance Metrics, Trend & Indicators
497.36
-0.63 (-0.13%)
VALMONT INDUSTRIES / VMI TA FAQ
What is the ChartMill technical rating of VALMONT INDUSTRIES (VMI) stock?
ChartMill assigns a technical rating of 10 / 10 to VMI.
What is the trend direction for VMI stock?
The current trend direction for VALMONT INDUSTRIES (VMI) is Bullish.
What is the RSI signal for VMI stock?
VALMONT INDUSTRIES (VMI) has an RSI value of 73.0276. This indicates that the stock is currently overbought.
What is the buy/sell signal for VALMONT INDUSTRIES (VMI) stock?
The buy/sell signal for VALMONT INDUSTRIES (VMI) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for VALMONT INDUSTRIES (VMI) stock?
VALMONT INDUSTRIES (VMI) has a support level at 441.11. Check the full technical report for our detailed analysis of VMI support and resistance levels.