ALUMINUM CORP OF CHINA-ADR (ACH) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:ACH - US0222761092 - ADR
We assign a technical rating of 1 out of 10 to ACH. ACH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
When analyzing the support we notice one important 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.
When analyzing the resistance we notice 4 important 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. |
NYSE:ACH (9/1/2022, 8:04:00 PM)
9.04
-0.06 (-0.66%)
ALUMINUM CORP OF CHINA-ADR / ACH FAQ
What is the technical rating for ACH stock?
ChartMill assigns a technical rating of 1 / 10 to ACH.
What is the trend direction for ACH stock?
The current trend direction for ALUMINUM CORP OF CHINA-ADR (ACH) is Bearish.
What is the RSI signal for ALUMINUM CORP OF CHINA-ADR (ACH) stock?
ALUMINUM CORP OF CHINA-ADR (ACH) has an RSI value of 47.0559. This indicates that the stock is currently neutral.
What is the short term momentum for ACH stock?
The short term momentum for ALUMINUM CORP OF CHINA-ADR (ACH) is negative.
What is the buy/sell signal for ALUMINUM CORP OF CHINA-ADR (ACH) stock?
The buy/sell signal for ALUMINUM CORP OF CHINA-ADR (ACH) is sell as both the short term and long term trends are negative.