Tickeron detected bullish Stock Pattern: Broadening Wedge Descending ASTE on November 05, 2021, netting in a 19.62% gain over 1 month
A.I.dvisor at Tickeron, Inc Recommendation: Buy SHARE 11/06/21
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On September 22, 2021, A.I.dvisor detected a Broadening Wedge Descending Pattern (Bullish) for Astec Industries (ASTE, $54.18). On November 05, 2021, A.I.dvisor confirmed the Bullish pattern, setting a target price of $64.01. On November 05, 2021, ASTE reached the target price resulting in a +19.62% for traders who took a long position in the stock.
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Current price $64.81 crossed the support line at $63.16 and is trading between $70.07 resistance and $63.16 support lines. Throughout the month of 10/05/21 - 11/04/21, the price experienced a +22% Uptrend. During the week of 10/28/21 - 11/04/21, the stock enjoyed a +21% Uptrend growth.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 25, 2021. You may want to consider a long position or call options on ASTE as a result. In 51 of 84 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 61%.
The Moving Average Convergence Divergence (MACD) for ASTE just turned positive on October 20, 2021. Looking at past instances where ASTE's MACD turned positive, the stock continued to rise in 32 of 46 cases over the following month. The odds of a continued upward trend are 70%.
The 10-day Moving Average for ASTE crossed bullishly above the 50-day moving average on November 05, 2021. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 64%.
Following a +8.91% 3-day Advance, the price is estimated to grow further. Considering data from situations where ASTE advanced for three days, in 224 of 303 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
Bearish Trend Analysis
The RSI Indicator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The Stochastic Indicator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ASTE declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 70%.
ASTE broke above its upper Bollinger Band on November 03, 2021. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ASTE entered a downward trend on October 28, 2021. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 76%. During the last month, the daily ratio of advancing to declining volumes was 2.37 to 1.
The Tickeron SMR rating for this company is 29 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 40 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.224) is normal, around the industry mean (3.259). P/E Ratio (35.088) is within average values for comparable stocks, (28.584). ASTE's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.337). Dividend Yield (0.007) settles around the average of (0.030) among similar stocks. P/S Ratio (1.392) is also within normal values, averaging (276.197).
The Tickeron Price Growth Rating for this company is 45 (best 1 - 100 worst), indicating steady price growth. ASTE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 45 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is 82 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ASTE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock worse than average.
The Tickeron PE Growth Rating for this company is 89 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
ASTE sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for ASTE moved below the 200-day moving average on May 17, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for ASTE moved out of overbought territory on May 04, 2023. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on May 10, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on ASTE as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for ASTE turned negative on May 10, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
ASTE moved below its 50-day moving average on May 08, 2023 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for ASTE crossed bearishly below the 50-day moving average on May 12, 2023. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ASTE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
ASTE broke above its upper Bollinger Band on May 03, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where ASTE advanced for three days, in of 312 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 179 cases where ASTE Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. ASTE’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.349) is normal, around the industry mean (1.970). P/E Ratio (108.696) is within average values for comparable stocks, (40.024). ASTE's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.713). Dividend Yield (0.014) settles around the average of (0.037) among similar stocks. P/S Ratio (0.645) is also within normal values, averaging (110.619).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ASTE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of equipment for aggregate processing, asphalt road building and pipeline
Industry TrucksConstructionFarmMachinery
ASTE and
Correlation & Price change
A.I.dvisor indicates that over the last year, ASTE has been closely correlated with TEX. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if ASTE jumps, then TEX could also see price increases.
| Ticker / NAME | Correlation To ASTE | 1D Price Change % | ||
|---|---|---|---|---|
| ASTE | 100% | -1.62% | ||
| TEX - ASTE | 67% Closely correlated | -0.75% | ||
| OSK - ASTE | 65% Loosely correlated | +1.39% | ||
| PCAR - ASTE | 64% Loosely correlated | -0.27% | ||
| CAT - ASTE | 62% Loosely correlated | -0.90% | ||
| AGCO - ASTE | 55% Loosely correlated | -1.43% | ||
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