AIF Technical Analysis - ALTUS GROUP LTD

Technical Rating and Analysis

Overall AIF gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AIF is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.

AIF is part of the Real Estate Management & Development industry. There are 33 other stocks in this industry. AIF outperforms 93% of them.

AIF is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month AIF has a been trading in the 57.79 - 62.37 range, which is quite wide. It is currently trading near the high of this range.

When comparing the performance of all stocks over the past year, AIF turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

ALTUS GROUP LTD / AIF Weekly stock chart

Setup Rating and Analysis

Although AIF has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

46.08

62.96

5 important support areas can be observed.

A support zone ranging from 58.18 to 59.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 54.61 to 55.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @51.98 from a horizontal line in the daily time frame.
Support @50.68 from a trend line in the weekly time frame.
Support @46.55 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 62.34 to 62.34. This zone is formed by a combination of multiple trend lines in multiple time frames.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 AIF.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AIF.CA is up.
ChartMill Relative Strength	62.18	NEUTRAL	AIF.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AIF.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of AIF.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AIF.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	67.04	NEUTRAL	The RSI value for AIF.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests AIF.CA has a positive trend.
Stochastics (14,3)	86.51	OVERBOUGHT	The high Stochastics value suggests AIF.CA may be overbought.
Average True Range in percent/ATR (20)	1.92	LOW VOLATILITY	The low ATR as a percentage value for AIF.CA suggests low volalility.
Average Directional Index/ADX (14)	22.07	NEUTRAL	The ADX value for AIF.CA suggests a possible start of a new trend.