VALMONT INDUSTRIES (VMI) Stock Technical Analysis
USA - NYSE:VMI - US9202531011 - Common Stock
384.87 USD
+20.21 (+5.54%)
384.87 USD
0 (0%)
We assign a technical rating of 10 out of 10 to VMI. 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that VMI is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, VMI also shows a nice and consistent pattern of rising prices.
VMI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
VMI is part of the Construction & Engineering industry. There are 53 other stocks in this industry, VMI did better than 67% of them.
In the last month VMI has a been trading in the 360.41 - 388.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although VMI has an excellent technical rating, the quality of the presented setup is not ideal 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
263.61
390.58
When analyzing the support we can see 5 important areas.
- A support zone ranging from 363.49 to 374.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @353.23 from a trend line in the daily time frame.
- Support @325.47 from a horizontal line in the daily time frame.
- Support @293.49 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 384.88 to 386.71. 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 | NEUTRAL | NEUTRAL | The short term trend for VMI is neutral. |
| ChartMill Relative Strength | 83.17 | POSITIVE | VMI has a high relative strength, it outperformed 83.17% 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) | 58.49 | NEUTRAL | The RSI value for VMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.69 | NEGATIVE | The MACD value suggests VMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 34.54 | NEUTRAL | The Stochastics value for VMI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for VMI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.49 | NEGATIVE | The low ADX value for VMI suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
384.87
+20.21 (+5.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg5.54%
1 Week2.6%
2 Weeks3.01%
1 Month2.86%
3 Month15.28%
6 Month32.92%
12 Month33.15%
2 Year60.22%
3 Year43.28%
5 Year209.93%
10 Year305.6%
15 Year431.59%
Volatility
ATR(14)10.25
ATR(20)%2.53%
ATR Inc62.31%
Range Today16.12
ADR(20)9.27
ADR(20)%2.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.17
Mansfield0.58
10 Day High388.12
10 Day Low361.5
20 Day High388.55
20 Day Low360.41
52 Week High388.55
52 Week Low250.07
CS1 End374.86
CR1 Start384.88
Volume & EV
DER(3)2.14%
DER(5)0.61%
Volume234.10K
Volume Incr-26.6%
Vol(5)159.42K
Vol(50)198.08K