ALG NEWS why is Alamo Group, Inc. price falling or rising

ALG NEWS reasons for why stock price of Alamo Group, Inc. is falling or rising

ALG Alamo Group is falling or rising technical reasons

Technical analysis forecast for Alamo Group 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 Alamo Group ALG at this time. Stock is falling and might fall more.

It appears as if Alamo Group ALG gave a large move recently.

Stock of Alamo Group (ALG) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Alamo Group is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Alamo Group stays below 195.4, but if it comes above 195.4, then a intra day buy could be more profitable.
If you take a sell trade below 195.4, then use 195.4 as stoploss and 191 as target. However if you take a buy trade in Alamo Group, then use 195.4 as stoploss and 199.06 as target.

ALG Alamo Group is falling or rising NEWS fundamental reasons

More announcements and NEWS

ALG Alamo Group, Inc. current price & indicator signals

Moving Averages for Alamo Group, Inc.

  • 5Day Average: 197.25
  • 12Day Average: 196.13
  • 20Day Average: 197.66
  • 50Day Average: 206.55
  • 100Day Average: 207.46
  • 150Day Average: 200.09
  • 200Day Average: 193.07

ALG Indicators & signals

Indicator MACD (12,26,9)

197.3, 200.38, -3.58
Indicator MACD is in negative zone

Indicator ADX (14)

38.39, 14.97, 33.62
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ALG Alamo Group, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 194.24 193.76 to 196.84 -0.91% 0.84 times
16 Thu May 2024 196.02 195.59 to 199.82 -2.34% 0.91 times
15 Wed May 2024 200.72 198.87 to 201.54 1.02% 0.87 times
14 Tue May 2024 198.70 197.32 to 199.50 1.08% 0.83 times
13 Mon May 2024 196.57 196.56 to 199.48 -0.94% 0.98 times
10 Fri May 2024 198.43 196.28 to 199.49 0.07% 0.56 times
09 Thu May 2024 198.30 194.24 to 198.45 2.22% 0.59 times
08 Wed May 2024 193.99 193.34 to 195.42 -0.04% 0.62 times
07 Tue May 2024 194.07 193.22 to 195.41 0.42% 1.01 times
06 Mon May 2024 193.25 193.12 to 195.51 -0.37% 1.64 times
03 Fri May 2024 193.97 177.22 to 195.50 -0.65% 1.99 times
02 Thu May 2024 195.24 192.69 to 196.07 0.68% 2.12 times

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ALG NEWS why is Alamo Group, Inc. price falling or rising

 

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