VALMONT INDUSTRIES (VMI) Stock Technical Analysis
NYSE:VMI - New York Stock Exchange, Inc. - US9202531011 - Common Stock - Currency: USD
Overall VMI gets a technical rating of 10 out of 10. 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!
Looking at the yearly performance, VMI did better than 83% of all other stocks. We also observe that the gains produced by VMI over the past year are nicely spread over this period.
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.
In the last month VMI has a been trading in the 326.22 - 372.52 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 58% of 49 stocks in the same industry.
VMI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
263.61
371.88
5 important support areas can be observed.
- Support @346.91 from a trend line in the daily time frame.
- Support @325.47 from a horizontal line in the daily time frame.
- A support zone ranging from 318.62 to 318.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @285.59 from a trend line in the weekly time frame.
- Support @266.27 from a horizontal line in the weekly time frame.
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 | 83.33 | POSITIVE | VMI has a high relative strength, it outperformed 83.33% 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) | 68.8 | NEUTRAL | The RSI value for VMI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests VMI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.22 | OVERBOUGHT | The high Stochastics value suggests VMI may be overbought. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for VMI suggests some volalility. |
| Average Directional Index/ADX (14) | 22.46 | NEUTRAL | The ADX value for VMI suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 372.53 | 353.40 | 19.13 (5.14%) | 19.47% |
| An entry @372.53. This is a Buy Stop order right above the 10 day high. | An exit @353.40. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 19.13 points, which is 5.14%. | When investing 19.47% 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.
368.2
+0.19 (+0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.05%
1 Week2.7%
2 Weeks1.87%
1 Month9.87%
3 Month19.09%
6 Month12.22%
12 Month31.24%
2 Year45.25%
3 Year33.01%
5 Year189.81%
10 Year246.41%
15 Year449.31%
Volatility
ATR(14)8.32
ATR(20)%2.14%
ATR Inc-30.05%
Range Today4.88
ADR(20)7.41
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.33
Mansfield0.7
10 Day High372.52
10 Day Low353.41
20 Day High372.52
20 Day Low326.22
52 Week High379.22
52 Week Low250.07
CS1 End346.91
CR1 StartN/A
Volume & EV
DER(3)-0.68%
DER(5)-0.4%
Volume139.40K
Volume Incr-28.11%
Vol(5)131.60K
Vol(50)185.04K