VALMONT INDUSTRIES (VMI) Technical Analysis
NYSE:VMI • US9202531011
Current stock price
VMI Technical Rating and Analysis
Taking everything into account, VMI scores 4 out of 10 in our technical rating. Although VMI is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month VMI has a been trading in the 386.49 - 469.29 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that VMI is one of the better performing stocks in the market, outperforming 80% of all stocks. On top of that, VMI also shows a nice and consistent pattern of rising prices.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- VMI is an average performer in the Construction & Engineering industry, it outperforms 54% of 56 stocks in the same industry.
- VMI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so VMI is lagging the market slightly.
- Volume is considerably higher in the last couple of days.
VMI Weekly and Daily overview Charts
VMI Setup Rating and Analysis
VMI has an average technical rating and it also 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
263.61
When analyzing the support we can see 3 important areas.
- A support zone ranging from 402.32 to 404.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 389.98 to 393.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 406.40 to 406.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for VMI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for VMI is down. |
| ChartMill Relative Strength | 80.77 | POSITIVE | VMI has a high relative strength, it outperformed 80.77% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of VMI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of VMI is below a declining 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) | 38.33 | NEUTRAL | The RSI value for VMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.85 | NEGATIVE | The MACD value suggests VMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.82 | NEUTRAL | The Stochastics value for VMI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for VMI suggests some volalility. |
| Average Directional Index/ADX (14) | 38.21 | 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
406.39
+2.39 (+0.59%)
VALMONT INDUSTRIES / VMI TA FAQ
What is the ChartMill technical rating of VALMONT INDUSTRIES (VMI) stock?
ChartMill assigns a technical rating of 4 / 10 to VMI.
What is the trend direction for VMI stock?
The current trend direction for VALMONT INDUSTRIES (VMI) is Bearish.
What is the RSI signal for VALMONT INDUSTRIES (VMI) stock?
VALMONT INDUSTRIES (VMI) has an RSI value of 38.3279. This indicates that the stock is currently neutral.
Can you provide the MACD signal for VALMONT INDUSTRIES?
The MACD indicator for VALMONT INDUSTRIES (VMI) has a value of -1.85212, indicating a bearish trend.
What is the support and resistance level for VMI stock?
VALMONT INDUSTRIES (VMI) has a support level at 404.65 and a resistance level at 406.4. Check the full technical report for our detailed analysis of VMI support and resistance levels.