VALMONT INDUSTRIES (VMI) Stock Technical Analysis
USA - NYSE:VMI - US9202531011 - Common Stock
Taking everything into account, VMI scores 8 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.
Besides having an excellent technical rating, VMI also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 392.69, 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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263.61
4 important support areas can be observed.
- A support zone ranging from 389.48 to 392.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 363.84 to 367.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @300.26 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 409.78 to 419.24. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The short term trend for VMI is neutral. |
| ChartMill Relative Strength | 80.61 | POSITIVE | VMI has a high relative strength, it outperformed 80.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of VMI is below 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) | 52.96 | NEUTRAL | The RSI value for VMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.83 | NEGATIVE | The MACD value suggests VMI has a negative trend. |
| Stochastics (14,3) | 52.26 | NEUTRAL | The Stochastics value for VMI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for VMI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.16 | 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 |
|---|---|---|---|
| 419.25 | 399.99 | 19.26 (4.59%) | 21.77% |
| An entry @419.25. This is a Buy Stop order right above the resistance zone. | An exit @399.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 19.26 points, which is 4.59%. | When investing 21.77% 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.
407.78
-0.3 (-0.07%)
VALMONT INDUSTRIES / VMI FAQ
What is the ChartMill technical rating of VALMONT INDUSTRIES (VMI) stock?
ChartMill assigns a technical rating of 8 / 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 52.9636. 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 -1.82883, indicating a bearish trend.
Can you provide the support and resistance levels for VALMONT INDUSTRIES?
VALMONT INDUSTRIES (VMI) has a support level at 392.69 and a resistance level at 409.78. Check the full technical report for our detailed analysis of VMI support and resistance levels.