VALMONT INDUSTRIES (VMI) Stock Technical Analysis
NYSE:VMI • US9202531011
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 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 82% of all stocks.
- 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 an average performer in the Construction & Engineering industry, it outperforms 44% of 55 stocks in the same industry.
- In the last month VMI has a been trading in the 435.16 - 487.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
VMI has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
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6 important support areas can be observed.
- Support @447.99 from a trend line in the daily time frame.
- A support zone ranging from 431.42 to 440.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @411.59 from a horizontal line in the weekly time frame.
- Support @402.31 from a horizontal line in the daily time frame.
- Support @317.19 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 475.34 to 477.86. 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 | 82.79 | POSITIVE | VMI has a high relative strength, it outperformed 82.79% 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) | 59.44 | NEUTRAL | The RSI value for VMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.34 | NEGATIVE | The MACD value suggests VMI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 51.1 | NEUTRAL | The Stochastics value for VMI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.12 | MEDIUM VOLATILITY | The ATR as a percentage value for VMI suggests some volalility. |
| Average Directional Index/ADX (14) | 27.13 | POSITIVE | The high ADX value value for VMI suggests a strong 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 |
|---|---|---|---|
| 477.87 | 447.98 | 29.89 (6.25%) | 15.99% |
| An entry @477.87. This is a Buy Stop order right above the resistance zone. | An exit @447.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 29.89 points, which is 6.25%. | When investing 15.99% 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.
471.27
+7.5 (+1.62%)
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 59.444. 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 -1.34052, indicating a bearish trend.
What is the support and resistance level for VMI stock?
VALMONT INDUSTRIES (VMI) has a support level at 447.99 and a resistance level at 475.34. Check the full technical report for our detailed analysis of VMI support and resistance levels.