VALMONT INDUSTRIES (VMI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:VMI - US9202531011 - Common Stock
Overall VMI gets a technical rating of 8 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.
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 418.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 401.84, a Stop Loss order could be placed below this zone.
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3 important support areas can be observed.
- A support zone ranging from 379.20 to 401.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @304.77 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 418.01 to 419.24. 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 | 81.35 | POSITIVE | VMI has a high relative strength, it outperformed 81.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VMI is above a declining 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) | 53.29 | NEUTRAL | The RSI value for VMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.97 | POSITIVE | The MACD value suggests VMI has a positive trend. |
| Stochastics (14,3) | 74.53 | NEUTRAL | The Stochastics value for VMI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for VMI suggests some volalility. |
| Average Directional Index/ADX (14) | 12.66 | 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 | 378.01 | 41.24 (9.84%) | 10.17% |
| An entry @419.25. This is a Buy Stop order right above the resistance zone. | An exit @378.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 41.24 points, which is 9.84%. | For a 1.00% total portfolio risk, you can invest 10.17% 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.
406.73
+3.16 (+0.78%)
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 53.2924. 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 0.974044, indicating a bearish trend.
Can you provide the support and resistance levels for VALMONT INDUSTRIES?
VALMONT INDUSTRIES (VMI) has a support level at 401.84 and a resistance level at 418.01. Check the full technical report for our detailed analysis of VMI support and resistance levels.