VALMONT INDUSTRIES (VMI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VMI - US9202531011 - Common Stock
We assign a technical rating of 10 out of 10 to VMI. Both in the recent history as in the last year, VMI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, VMI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 425.59. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 414.91, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
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5 important support areas can be observed.
- A support zone ranging from 403.30 to 414.91. 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 393.27. 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 @310.42 from a trend line in the weekly time frame.
- Support @266.27 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 425.59 to 427.28. 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 | 83.82 | POSITIVE | VMI has a high relative strength, it outperformed 83.82% 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) | 61.77 | NEUTRAL | The RSI value for VMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.02 | POSITIVE | The MACD value suggests VMI has a positive trend. |
| Stochastics (14,3) | 68.46 | NEUTRAL | The Stochastics value for VMI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for VMI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.79 | 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 |
|---|---|---|---|
| 427.29 | 401.22 | 26.07 (6.10%) | 16.39% |
| An entry @427.29. This is a Buy Stop order right above the resistance zone. | An exit @401.22. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 26.07 points, which is 6.10%. | For a 1.00% total portfolio risk, you can invest 16.39% of your capital in this trade. |
- 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.
425.58
+5.34 (+1.27%)
VALMONT INDUSTRIES / VMI 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 VALMONT INDUSTRIES (VMI) stock?
VALMONT INDUSTRIES (VMI) has an RSI value of 61.7672. 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 1.02432, indicating a bullish trend.
What is the support and resistance level for VMI stock?
VALMONT INDUSTRIES (VMI) has a support level at 414.91 and a resistance level at 425.59. Check the full technical report for our detailed analysis of VMI support and resistance levels.