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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 2024-10-22 View latest technical analysis

10 day averaged volume of Alamo Group is 78460

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	170.59	170.63	173.48	168.79	1.043 times
21 Mon Oct 2024	171.88	177.14	177.14	171.82	0.806 times
18 Fri Oct 2024	177.54	180.05	180.05	177.45	0.605 times
17 Thu Oct 2024	179.83	181.29	181.29	178.62	1.067 times
16 Wed Oct 2024	181.53	181.92	184.64	181.53	1.582 times
15 Tue Oct 2024	181.50	179.40	182.06	179.40	1.221 times
14 Mon Oct 2024	178.82	176.24	178.96	175.35	0.808 times
11 Fri Oct 2024	177.01	172.48	177.42	172.48	0.878 times
10 Thu Oct 2024	171.76	171.37	171.76	169.87	0.785 times
09 Wed Oct 2024	173.30	171.51	174.73	170.94	1.476 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 173, but if it comes above 173, then a intra day buy could be more profitable.
If you take a sell trade below 173, then use 173 as stoploss and 168.8 as target. However if you take a buy trade in stock , then use 173 as stoploss and 176.52 as target.

Share price targets for Alamo Group (ALG)

Target Type	Value
Downside Target	163.74
Downside Target	168.05
Upside Target	175.35
Upside Target	181.29
Upside Target	184.64
Upside Target	184.80
Upside Target	188.75
Upside Target	189.54
Upside Target	193.25
Upside Target	198.53

Intraday share price targets for Alamo Group (ALG)

Target Type	Value
Downside Intraday Target	167.21
Downside Intraday Target	163.82
Upside Intraday Target	175.56
Upside Intraday Target	180.52
Upside Intraday Target	172.17

Weekly technical analysis of Alamo Group (ALG)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Oct 2024	170.59	177.14	177.14	168.79	0.35 times
18 Fri Oct 2024	177.54	176.24	184.64	175.35	0.941 times
11 Fri Oct 2024	177.01	174.50	177.42	169.87	1.44 times
04 Fri Oct 2024	175.76	179.17	181.29	171.48	0.76 times
27 Fri Sep 2024	181.09	181.87	184.80	177.61	0.853 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
22 Tue Oct 2024	170.59	178.87	184.64	168.79	0.857 times
30 Mon Sep 2024	180.13	183.01	189.54	168.05	0.819 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

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 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 mid to longer 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

ADX buy sell signal for Alamo Group stock for short term is SELL. Signal strength is Strong and stock is gaining 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 getting stronger in this stock.

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

CCI has generated a SELL signal for Alamo Group in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 176.72 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 negative.

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