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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 2024-08-14 View latest technical analysis

10 day averaged volume of Alamo Group is 101620

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	171.46	172.69	172.69	169.74	0.458 times
13 Tue Aug 2024	171.57	171.04	172.35	168.75	0.65 times
12 Mon Aug 2024	170.30	171.99	172.20	169.48	0.456 times
09 Fri Aug 2024	172.32	175.55	175.55	169.57	0.574 times
08 Thu Aug 2024	174.88	172.09	175.19	170.71	0.73 times
07 Wed Aug 2024	169.28	174.46	174.46	168.55	0.863 times
06 Tue Aug 2024	171.58	172.37	174.73	170.26	0.933 times
05 Mon Aug 2024	172.99	166.86	173.21	164.38	1.518 times
02 Fri Aug 2024	175.09	176.49	178.78	173.81	1.644 times
01 Thu Aug 2024	184.78	185.00	188.75	179.20	1.577 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 172.4, but if it comes above 172.4, then a intra day buy could be more profitable.
If you take a sell trade below 172.4, then use 172.4 as stoploss and 161.8 as target. However if you take a buy trade in stock , then use 172.4 as stoploss and 181.14 as target.

Share price targets for Alamo Group (ALG)

Target Type	Value
Downside Target	163.74
Downside Target	168.75
Upside Target	172.69
Upside Target	182.15
Upside Target	188.12
Upside Target	193.25
Upside Target	193.89
Upside Target	196.00
Upside Target	198.53
Upside Target	201.54
Upside Target	227.22

Intraday share price targets for Alamo Group (ALG)

Target Type	Value
Downside Intraday Target	169.24
Downside Intraday Target	167.03
Upside Intraday Target	173.18
Upside Intraday Target	174.91
Downside Intraday Target	170.97

Weekly technical analysis of Alamo Group (ALG)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	171.46	171.99	172.69	168.75	0.339 times
09 Fri Aug 2024	172.32	166.86	175.55	164.38	0.805 times
02 Fri Aug 2024	175.09	194.41	196.00	173.81	1.187 times
26 Fri Jul 2024	194.96	184.20	198.53	182.15	1.149 times
19 Fri Jul 2024	183.54	174.47	188.12	173.87	1.113 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
14 Wed Aug 2024	171.46	185.00	188.75	164.38	0.499 times
31 Wed Jul 2024	192.72	173.13	198.53	163.74	1.095 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

Scroll below to view daily charts

Price has moved down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Alamo Group ( (ALG) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Alamo Group ( (ALG) ) based on a short to mid 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.

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 losing momentum.

MACD generated a SELL signal for Alamo Group in short term and the sell signal is strong.

Alamo Group Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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

RSI is generating a BUY signal in short term and the buying is gaining 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 174.66 and Alamo Group (ALG) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.