American Electric Technologies (AETI) – Overbought

American Electric Technologies has hit a technical signal on 3 different technical indicators. AETI is in the Capital Goods sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $5.15.

There are currently no analysts that cover the company.

Over the last 52 weeks, the stock has been trading between $1.90 and $5.34. More recently in the last 4 weeks, the stock has been trading between $3.72 and $5.34. Yesterday the stock traded between $4.48 and $5.34. The stock currently has a PE ratio of 0.0.

American Electric Technologies is trading 13.6% from its 20-day simple moving average (SMA) of $4.53 and 23.9% from its 50-day SMA and 45.41% from its 200-day SMA. Average daily volume over the last 30 days has been 21,189 shares.

At yesterdays close: the RSI was at 89.5, the CCI was at 400.7 and the Fast Stochastic was at 82.6. AETI closed yesterday at $5.15, on volume of 73,875 shares as compared to an average volume of 21,189 over the last 4 weeks.

American Electric Technologies, Inc., through its subsidiaries, provides power distribution and control products, electrical services, and construction services in the United States and internationally. It operates through three segments: Technical Products and Services (TP&S), Electrical and Instrumentation Construction (E&I), and American Access (AAT). The TP&S segment develops, manufactures, markets, and provides low and medium voltage switchgears, generator control and distribution switchgears, motor control centers, powerhouses, bus ducts, variable frequency alternating current drives, variable speed direct current drives, program logic control based automation systems, human machine interface, and specialty panels to distribute the flow of electricity and protect electrical equipment, such as motors, transformers, and cables. It also provides services, such as electrical equipment retrofits, upgrades, startups, testing and troubleshooting of substations, switchgear, drives, and control systems. The E&I segment provides a range of electrical and instrumentation construction and installation services to land and marine based markets of oil and gas, water and wastewater facilities, and other commercial and industrial markets; and services, including electrical and instrumentation turnarounds, maintenance, renovation, and new construction. The AAT segment manufactures and markets zone cabling and wireless telecommunication enclosures, and manufactures formed metals products; operates a precision sheet metal fabrication and assembly operation; and provides services, such as precision computer numerical controlled stamping, bending, assembling, painting, powder coating, and silk screening to engineering, technology, and electronics companies, primarily in the Southeast. American Electric Technologies, Inc. is headquartered in Houston, Texas.

Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.

To learn more about technical analysis, please refer to our technical analysis primer.

Porfolios Holding AETITechnical Analysis on TheStreet by Fred Meissner
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