Technical Analysis for ALTG - Alta Equipment Group Inc.

Grade Last Price % Change Price Change
F 8.44 -2.20% -0.19
ALTG closed down 2.2 percent on Friday, May 31, 2024, on 78 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
180 Bearish Setup Bearish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Inside Day Range Contraction 0.00%
Wide Bands Range Expansion 0.00%
Oversold Stochastic Weakness 0.00%
MACD Bullish Signal Line Cross Bullish -2.20%
Pocket Pivot Bullish Swing Setup -2.20%
Wide Bands Range Expansion -2.20%
Oversold Stochastic Weakness -2.20%
MACD Bearish Signal Line Cross Bearish 0.48%

   Recent Intraday Alerts

Alert Time
2x Volume Pace 1 day ago
1.5x Volume Pace 1 day ago
Down 2 % 1 day ago
Down 1% 1 day ago
Up 1% 1 day ago

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Profile

Alta Equipment Group Inc. Description

Alta Equipment Company distributes industrial forklifts, heavy construction equipment, and warehouse solutions in the Midwest. The company offers a variety of new and used products industrial, and construction products including aerial fleet, forklifts, plows, trailers, wheel loaders, recycling/demolition machines, concrete paving equipment, excavators, pavers, cranes, earthmoving, compact equipment, and materials handling products, such as pallet racking, ergonomic equipment, and modular building systems in Michigan, Indiana, and Illinois. It also provides industrial and construction equipment rental services, as well as maintenance, training, and fleet management services. Alta Equipment Company was formerly known as Alta Lift Truck Services, Inc. The company was founded in 1984 and is based in Livonia, Michigan.


Classification

Sector: Industrials
Industry: Conglomerates
Keywords: Supply Chain Management Recycling Construction Equipment Crane Construction Products Fleet Management Manufactured Goods Equipment Rental Loader Forklift Rental Services Material Handling Equipment Equipment Rental Services Modular Building Fleet Management Services Lifting Equipment Heavy Construction Equipment Truck Services

Is ALTG a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 16.6616
52 Week Low 8.2054
Average Volume 331,124
200-Day Moving Average 11.01
50-Day Moving Average 11.03
20-Day Moving Average 9.35
10-Day Moving Average 8.75
Average True Range 0.55
RSI (14) 36.71
ADX 30.83
+DI 13.72
-DI 28.28
Chandelier Exit (Long, 3 ATRs) 10.34
Chandelier Exit (Short, 3 ATRs) 9.89
Upper Bollinger Bands 11.74
Lower Bollinger Band 6.96
Percent B (%b) 0.31
BandWidth 51.15
MACD Line -0.71
MACD Signal Line -0.74
MACD Histogram 0.0231
Fundamentals Value
Market Cap 273.19 Million
Num Shares 32.4 Million
EPS 0.22
Price-to-Earnings (P/E) Ratio 38.36
Price-to-Sales 0.21
Price-to-Book 2.57
Dividend 0.23
Dividend Yield 2.73%
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 8.97
Resistance 3 (R3) 9.01 8.87 8.88
Resistance 2 (R2) 8.87 8.74 8.85 8.85
Resistance 1 (R1) 8.66 8.65 8.59 8.62 8.82
Pivot Point 8.52 8.52 8.48 8.50 8.52
Support 1 (S1) 8.30 8.38 8.23 8.26 8.06
Support 2 (S2) 8.16 8.30 8.14 8.03
Support 3 (S3) 7.95 8.16 8.00
Support 4 (S4) 7.91