ALTA EQUIPMENT GROUP INC (ALTG)
US02128L1061 - Common Stock
Taking everything into account, ALTG scores 4 out of 10 in our technical rating. In the past year, ALTG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ALTG is a bad performer in the overall market: 79% of all stocks are doing better.
ALTG is part of the Trading Companies & Distributors industry. There are 51 other stocks in this industry, of which 78% 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.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month ALTG has a been trading in the 6.16 - 8.60 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.
ALTG has only a medium technical rating, but it does show 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. There is a support zone below the current price at 7.04, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALTG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
5.72
9.15
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.88 to 7.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.88 from a trend line in the daily time frame.
- Support @5.78 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @7.92 from a horizontal line in the weekly time frame.
- Resistance @8.19 from a trend line in the daily time frame.
- Resistance @8.47 from a horizontal line in the daily time frame.
- A resistance zone ranging from 8.75 to 8.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.06 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.87
Mansfield-3.03
10 Day High8.6
10 Day Low6.4
20 Day High8.6
20 Day Low6.16
52 Week High13.67
52 Week Low5.4
Performance
1 Week4.31%
2 Weeks-6.12%
1 Month22.71%
3 Month11.76%
6 Month-14.76%
12 Month-25.64%
2 Year-37.62%
3 Year-48.6%
5 YearN/A
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)-0.03
RSI(14)56.85
LBB6.34
UBB8.55
ALTA EQUIPMENT GROUP INC
NYSE:ALTG (11/22/2024, 9:30:01 AM)
7.59
+0.08 (+1.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg1.07%
1 Week4.31%
2 Weeks-6.12%
1 Month22.71%
3 Month11.76%
6 Month-14.76%
12 Month-25.64%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.64
ATR(20)%7.39%
ATR Inc
Range Today0
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High8.6
10 Day Low6.4
20 Day High8.6
20 Day Low6.16
52 Week High13.67
52 Week Low5.4
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume576
Volume Incr15.59%
Vol(5)423.24K
Vol(50)308.84K