ALTA EQUIPMENT GROUP INC (ALTG) Stock Technical Analysis
NYSE:ALTG - New York Stock Exchange, Inc. - US02128L1061 - Common Stock - Currency: USD
Overall ALTG gets a technical rating of 0 out of 10. ALTG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, ALTG is a bad performer in the overall market: 92% of all stocks are doing better.
ALTG is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry, of which 91% are performing better than ALTG.
ALTG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month ALTG has a been trading in the 6.40 - 7.70 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of ALTG is bad and it also does not present a quality setup 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
5.94
7.75
We found 2 important support areas.
- Support @6.40 from a trend line in the weekly time frame.
- Support @6.00 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @7.42 from a trend line in the daily time frame.
- A resistance zone ranging from 7.65 to 7.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.88
Mansfield-2.9
10 Day High7.7
10 Day Low6.4
20 Day High7.7
20 Day Low6.4
52 Week High13.67
52 Week Low5.4
Performance
1 Week-13.42%
2 Weeks-13.54%
1 Month-12.01%
3 Month-18.46%
6 Month-4.02%
12 Month-45.84%
2 Year-65.71%
3 Year-48.85%
5 Year-26.79%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.09
RSI(14)34.97
LBB6.66
UBB7.84
6.45
-0.43 (-6.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-6.25%
1 Week-13.42%
2 Weeks-13.54%
1 Month-12.01%
3 Month-18.46%
6 Month-4.02%
12 Month-45.84%
2 Year-65.71%
3 Year-48.85%
5 Year-26.79%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%5.12%
ATR Inc58.85%
Range Today0.63
ADR(20)0.32
ADR(20)%4.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.88
Mansfield-2.9
10 Day High7.7
10 Day Low6.4
20 Day High7.7
20 Day Low6.4
52 Week High13.67
52 Week Low5.4
CS1 End6.4
CR1 Start7.42
Volume & EV
DER(3)-2.46%
DER(5)-1.39%
Volume245.00K
Volume Incr22.61%
Vol(5)135.68K
Vol(50)153.92K