ALTG NEWS why is Alta Equipment Group Inc price falling or rising

ALTG NEWS reasons for why stock price of Alta Equipment Group Inc is falling or rising

ALTG Alta Equipment is falling or rising technical reasons

Technical analysis forecast for Alta Equipment Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Alta Equipment ALTG at this time. Stock is falling and might fall more.

It appears as if Alta Equipment ALTG gave a large move recently.

Stock of Alta Equipment (ALTG) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Alta Equipment is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Alta Equipment stays below 6.8, but if it comes above 6.8, then a intra day buy could be more profitable.
If you take a sell trade below 6.8, then use 6.8 as stoploss and 6.2 as target. However if you take a buy trade in Alta Equipment, then use 6.8 as stoploss and 7.28 as target.

ALTG Alta Equipment is falling or rising NEWS fundamental reasons

More announcements and NEWS

ALTG Alta Equipment Group Inc current price & indicator signals

Moving Averages for Alta Equipment Group Inc

  • 5Day Average: 6.85
  • 12Day Average: 7.37
  • 20Day Average: 7.54
  • 50Day Average: 7.01
  • 100Day Average: 6.86
  • 150Day Average: 7.56
  • 200Day Average: 8.54

ALTG Indicators & signals

Indicator MACD (12,26,9)

7.18, 7.3, 0.07
Indicator MACD is in negative zone

Indicator ADX (14)

30, 17.07, 31.71
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ALTG Alta Equipment Group Inc are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
20 Fri Dec 2024 6.65 6.47 to 6.82 0.76% 1.3 times
19 Thu Dec 2024 6.60 6.32 to 6.78 0% 1.57 times
18 Wed Dec 2024 6.60 6.56 to 7.12 -6.25% 1.35 times
17 Tue Dec 2024 7.04 6.97 to 7.27 -4.09% 0.83 times
16 Mon Dec 2024 7.34 7.25 to 7.62 -0.54% 0.81 times
13 Fri Dec 2024 7.38 7.31 to 7.49 -1.2% 1 times
12 Thu Dec 2024 7.47 7.45 to 7.67 -2.73% 0.82 times
11 Wed Dec 2024 7.68 7.50 to 7.83 0.52% 1.11 times
10 Tue Dec 2024 7.64 7.61 to 7.91 -4.74% 1.14 times
09 Mon Dec 2024 8.02 7.96 to 8.46 0% 1.34 times
05 Thu Dec 2024 8.02 8.02 to 8.23 0% 0.03 times
04 Wed Dec 2024 8.02 7.70 to 8.02 -0.37% 0.02 times

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ALTG NEWS why is Alta Equipment Group Inc price falling or rising

 

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