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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 2024-09-19 View latest technical analysis

10 day averaged volume of Alamo Group is 55870

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	184.93	186.35	186.74	183.36	1.018 times
18 Wed Sep 2024	181.81	178.29	189.54	178.29	1.26 times
17 Tue Sep 2024	178.90	180.53	180.93	178.30	1.246 times
16 Mon Sep 2024	178.42	179.85	179.89	177.02	0.798 times
13 Fri Sep 2024	178.84	178.31	179.21	177.29	0.703 times
12 Thu Sep 2024	175.48	175.13	176.38	172.70	0.884 times
11 Wed Sep 2024	174.11	169.83	174.53	168.05	1.45 times
10 Tue Sep 2024	171.19	170.24	171.86	169.44	1.063 times
09 Mon Sep 2024	171.09	170.13	172.04	169.35	0.866 times
06 Fri Sep 2024	170.43	172.60	174.22	170.43	0.807 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 184.1, but if it comes below 184.1, then a intra day sell could be more profitable.
If you take a sell trade below 184.1, then use 184.1 as stoploss and 179.09 as target. However if you take a buy trade in stock , then use 184.1 as stoploss and 190.2 as target.

Share price targets for Alamo Group (ALG)

Target Type	Value
Downside Target	163.74
Downside Target	168.05
Downside Target	177.02
Upside Target	185.80
Upside Target	186.69
Upside Target	188.75
Upside Target	189.54
Upside Target	193.25
Upside Target	198.53
Upside Target	201.54

Intraday share price targets for Alamo Group (ALG)

Target Type	Value
Downside Intraday Target	178.12
Downside Intraday Target	171.31
Upside Intraday Target	190.64
Upside Intraday Target	196.35
Downside Intraday Target	183.83

Weekly technical analysis of Alamo Group (ALG)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	184.93	179.85	189.54	177.02	0.87 times
13 Fri Sep 2024	178.84	170.13	179.21	168.05	1.252 times
06 Fri Sep 2024	170.43	183.01	183.58	170.43	3.207 times
30 Fri Aug 2024	185.40	183.94	185.80	181.76	0.227 times
30 Fri Aug 2024	185.40	185.45	186.69	179.74	1.023 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
19 Thu Sep 2024	184.93	183.01	189.54	168.05	0.42 times
30 Fri Aug 2024	185.40	185.00	188.75	164.38	0.92 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

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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

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 red color and prices are in or above the red 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 SELL signal in short term but selling 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 176.68 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.