VALMONT INDUSTRIES (VMI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:VMI • US9202531011
Overall VMI gets a technical rating of 10 out of 10. 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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that VMI is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by VMI over the past year are nicely spread over this period.
- VMI is currently making a new 52 week high. This is a strong signal. 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 416.37 - 466.80 range, which is quite wide. It is currently trading near the high of this range.
- VMI is an average performer in the Construction & Engineering industry, it outperforms 62% of 55 stocks in the same industry.
Besides having an excellent technical rating, VMI also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
263.61
When analyzing the support we can see 5 important areas.
- A support zone ranging from 422.01 to 425.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 402.31 to 407.52. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 @314.93 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 456.56 to 457.15. 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 | 84.54 | POSITIVE | VMI has a high relative strength, it outperformed 84.54% 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) | 67.2 | NEUTRAL | The RSI value for VMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.91 | POSITIVE | The MACD value suggests VMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.75 | OVERBOUGHT | The high Stochastics value suggests VMI may be overbought. |
| Average True Range in percent/ATR (20) | 2.46 | MEDIUM VOLATILITY | The ATR as a percentage value for VMI suggests some volalility. |
| Average Directional Index/ADX (14) | 27.85 | POSITIVE | The high ADX value value for VMI suggests a strong trend. |
456.55
-0.59 (-0.13%)
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 67.1987. 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 0.909889, indicating a bearish trend.
What is the support and resistance level for VMI stock?
VALMONT INDUSTRIES (VMI) has a support level at 425.8 and a resistance level at 456.56. Check the full technical report for our detailed analysis of VMI support and resistance levels.