LEVERAGE SHARES 2X AAL (AALG) Stock Technical Analysis
NASDAQ:AALG - Nasdaq - US8829273122 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to AALG. In the last year, AALG was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
AALG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for AALG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
11.86
We found 1 important resistance area.
- A resistance zone ranging from 11.99 to 11.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for AALG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AALG is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | AALG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Relative Strength Index/RSI (14) | 43.75 | NEUTRAL | The RSI value for AALG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.37 | NEGATIVE | The MACD value suggests AALG has a negative trend. |
| Stochastics (14,3) | 28.97 | NEUTRAL | The Stochastics value for AALG is a neutral value. |
| Average Directional Index/ADX (14) | 27.33 | POSITIVE | The high ADX value value for AALG suggests a strong trend. |
11.9759
+0.2 (+1.7%)