ALUMINUM CORP OF CHINA-ADR (ACH) Stock Technical Analysis
NYSE:ACH - New York Stock Exchange, Inc. - US0222761092 - ADR - Currency: USD
Overall ACH gets a technical rating of 1 out of 10. ACH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
86% of all other stocks performed better in the past year than ACH.
ACH is part of the Metals & Mining industry. There are 154 other stocks in this industry, of which 84% are performing better than ACH.
ACH is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ACH is lagging the market.
In the last month ACH has a been trading in the 8.58 - 9.96 range, which is quite wide. It is currently trading near the lows of this range.
ACH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for ACH 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
8.48
16.13
We found 1 important support area.
- A support zone ranging from 8.57 to 8.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 9.09 to 9.21. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 9.48 to 9.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @9.86 from a horizontal line in the daily time frame.
- Resistance @15.97 from a trend line in the weekly time frame.
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 | DOWN | NEGATIVE | The long term trend for ACH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ACH is down. |
| ChartMill Relative Strength | 14.16 | NEGATIVE | ACH has a low relative strength, it was outperformed by 85.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ACH is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ACH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.06 | NEUTRAL | The RSI value for ACH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests ACH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 38.65 | NEUTRAL | The Stochastics value for ACH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for ACH suggests some volalility. |
| Average Directional Index/ADX (14) | 16.9 | NEGATIVE | The low ADX value for ACH suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NYSE:ACH (9/1/2022, 8:04:00 PM)
9.04
-0.06 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.66%
1 Week-8.22%
2 Weeks3.79%
1 Month2.84%
3 Month-18.78%
6 Month-51.86%
12 Month-50.6%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.35
ATR(20)%3.66%
ATR Inc-42.56%
Range Today0.13
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.16
Mansfield-2.59
10 Day High9.96
10 Day Low8.58
20 Day High9.96
20 Day Low8.58
52 Week High23.9
52 Week Low8.51
CS1 End8.57
CR1 Start9.09
Volume & EV
DER(3)5.64%
DER(5)2.35%
Volume32.70K
Volume Incr-31.21%
Vol(5)130.40K
Vol(50)123.86K