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(ALG) Alamo Group complete technical analysis [charts+indicators] | Buy/Sell Alamo Group | (ALG) share price targets

Complete technical analysis of Alamo Group (ALG) by charts plus indicators, forecast predictions and share price targets for Alamo Group (ALG)

Alamo Group trades in USA in Capital Goods sector.

10 day averaged volume of Alamo Group is 57372

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 196.02 199.22 199.82 195.59 0.91 times
15 Wed May 2024 200.72 200.05 201.54 198.87 0.869 times
14 Tue May 2024 198.70 199.23 199.50 197.32 0.826 times
13 Mon May 2024 196.57 199.48 199.48 196.56 0.981 times
10 Fri May 2024 198.43 199.49 199.49 196.28 0.561 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 194.4 as stoploss in an intra day buy trade for a target of 198.07. However, stock will show a bearish move below 194.4.

Share price targets for Alamo Group (ALG)

Target Type Value
Downside Target 177.22
Downside Target 188.36
Downside Target 193.12
Upside Target 202.12
Upside Target 202.51
Upside Target 208.66
Upside Target 217.68
Upside Target 220.61
Upside Target 227.22
Upside Target 228.88
Upside Target 231.40

Intraday share price targets for Alamo Group (ALG)

Target Type Value
Downside Intraday Target 193.89
Downside Intraday Target 191.77
Upside Intraday Target 199.84
Upside Intraday Target 203.67
Upside Intraday Target 197.72

Weekly technical analysis of Alamo Group (ALG)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 196.02 199.48 201.54 195.59 0.811 times
10 Fri May 2024 198.43 194.88 199.49 193.12 0.461 times
03 Fri May 2024 193.97 199.52 202.51 177.22 1.542 times
26 Fri Apr 2024 198.52 204.47 208.66 196.83 1.082 times
19 Fri Apr 2024 202.34 215.51 220.61 202.12 1.331 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Alamo Group (ALG)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 196.02 195.93 201.54 177.22 0.512 times
30 Tue Apr 2024 194.38 227.22 227.22 193.89 1.113 times
28 Thu Mar 2024 228.33 203.58 228.88 200.12 0.873 times
29 Thu Feb 2024 202.29 213.83 231.40 188.36 1.112 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Alamo Group (ALG)

Indicator Name Indicator Value Indicator Signal
ADX 15, 33, 38 Sell
MACD -5, -6Buy
Stochastics 90Buy
CCI 30Sell
RSI 43Sell
OBV -391848Sell
VWAP 196Buy
ADL 0Sell
ROC 0Buy
Force Index 0Sell

Price action analysis of Alamo Group ( (ALG) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Alamo Group ( (ALG) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Alamo Group ( (ALG) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Alamo Group ( (ALG) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Alamo Group stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Alamo Group in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Alamo Group Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Alamo Group in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Alamo Group is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 195.79 and Alamo Group (ALG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Alamo Group (ALG) stock. Volume based technical analysis of Alamo Group (ALG) stock is negative.

Alamo Group Stock is giving positive returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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