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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.

Showing technical analysis as on 2024-07-23 View latest technical analysis

10 day averaged volume of Alamo Group is 98150

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	187.13	184.36	189.27	184.36	0.684 times
22 Mon Jul 2024	185.90	184.20	187.26	182.15	2.211 times
19 Fri Jul 2024	183.54	184.81	184.99	182.10	0.534 times
18 Thu Jul 2024	184.75	183.75	188.12	182.85	1.218 times
17 Wed Jul 2024	185.47	182.25	186.96	182.25	1.163 times
16 Tue Jul 2024	184.68	175.82	185.16	175.82	0.793 times
15 Mon Jul 2024	175.45	174.47	177.60	173.87	0.649 times
12 Fri Jul 2024	172.92	174.96	175.85	172.85	0.522 times
11 Thu Jul 2024	172.69	168.86	174.21	167.09	1.026 times
10 Wed Jul 2024	164.89	166.20	166.20	164.10	0.657 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 181.9, but if it comes below 181.9, then a intra day sell could be more profitable.
If you take a sell trade below 181.9, then use 181.9 as stoploss and 174.09 as target. However if you take a buy trade in stock , then use 181.9 as stoploss and 191.3 as target.

Share price targets for Alamo Group (ALG)

Target Type	Value
Downside Target	163.74
Downside Target	173.35
Downside Target	182.15
Upside Target	188.12
Upside Target	189.27
Upside Target	193.25
Upside Target	193.89
Upside Target	200.12
Upside Target	201.54
Upside Target	227.22
Upside Target	228.88

Intraday share price targets for Alamo Group (ALG)

Target Type	Value
Downside Intraday Target	183.1
Downside Intraday Target	179.06
Upside Intraday Target	190.22
Upside Intraday Target	193.3
Downside Intraday Target	186.18

Weekly technical analysis of Alamo Group (ALG)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	187.13	184.20	189.27	182.15	0.665 times
19 Fri Jul 2024	183.54	174.47	188.12	173.87	1.113 times
12 Fri Jul 2024	172.92	167.37	175.85	163.74	3.879 times
05 Fri Jul 2024	165.72	167.98	169.51	165.18	0.382 times
03 Wed Jul 2024	168.80	173.13	173.35	166.42	0.533 times

Price has moved up 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
23 Tue Jul 2024	187.13	173.13	189.27	163.74	0.83 times
28 Fri Jun 2024	173.00	192.34	193.25	169.01	1.34 times
31 Fri May 2024	189.99	195.93	201.54	177.22	0.854 times
30 Tue Apr 2024	194.38	227.22	227.22	193.89	1.113 times

Scroll below to view daily charts

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)

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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

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

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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Alamo Group in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 181.23 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 positive

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