ALX RESOURCES CORP (AL.CA) Technical Analysis
TSX-V:AL • CA00165X1087
Current stock price
AL.CA Technical Rating and Analysis
Overall AL gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AL is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- AL is part of the Metals & Mining industry. There are 795 other stocks in this industry. AL outperforms 81% of them.
- AL is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so AL is performing more or less in line with the market.
- In the last month AL has a been trading in the 0.03 - 0.04 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- Looking at the yearly performance, AL did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
AL.CA Weekly and Daily overview Charts
AL.CA Setup Rating and Analysis
Although AL has an excellent technical rating, it does not offer a high quality setup 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
AL.CA Support and Resistance Analysis
0.01
We found 3 important support areas.
- A support zone ranging from 0.03 to 0.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.02 from a horizontal line in the daily time frame.
- Support @0.01 from a horizontal line in the daily time frame.
AL.CA 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 AL.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AL.CA is up. |
| ChartMill Relative Strength | 92.92 | POSITIVE | AL.CA has a high relative strength, it outperformed 92.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AL.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of AL.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of AL.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 65.51 | NEUTRAL | The RSI value for AL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests AL.CA has a positive trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for AL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.86 | HIGH VOLATILITY | The high ATR as a percentage value for AL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 57.99 | POSITIVE | The high ADX value value for AL.CA suggests a strong trend. |
AL.CA Chart- and CandleStick Pattern Analysis
AL.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:AL (12/31/2024, 7:00:00 PM)
0.035
+0.01 (+16.67%)
ALX RESOURCES CORP / AL.CA TA FAQ
What is the technical rating for AL stock?
ChartMill assigns a technical rating of 9 / 10 to AL.CA.
What is the trend direction for AL stock?
The current trend direction for ALX RESOURCES CORP (AL.CA) is Bullish.
What is the RSI signal for ALX RESOURCES CORP (AL.CA) stock?
ALX RESOURCES CORP (AL.CA) has an RSI value of 65.5094. This indicates that the stock is currently neutral.
What is the short term momentum for AL stock?
The short term momentum for ALX RESOURCES CORP (AL.CA) is positive.
Can you provide the support and resistance levels for ALX RESOURCES CORP?
ALX RESOURCES CORP (AL.CA) has a support level at 0.03. Check the full technical report for our detailed analysis of AL.CA support and resistance levels.