AL2SI Technical Analysis - 2CRSI SA

Technical Rating and Analysis

Taking everything into account, AL2SI scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AL2SI is showing a nice and steady performance.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

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

When comparing the yearly performance of all stocks, we notice that AL2SI is one of the better performing stocks in the market, outperforming 98% of all stocks. We also observe that the gains produced by AL2SI over the past year are nicely spread over this period.

AL2SI is part of the Technology Hardware, Storage & Peripherals industry. There are 28 other stocks in this industry. AL2SI outperforms 92% of them.

In the last month AL2SI has a been trading in the 7.12 - 9.18 range, which is quite wide. It is currently trading near the high of this range.

AL2SI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AL2SI is lagging the market.

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

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

AL2SI has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.90

9.22

2 important support areas can be observed.

A support zone ranging from 8.24 to 8.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @7.98 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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 AL2SI.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AL2SI.PA is up.
ChartMill Relative Strength	98.01	POSITIVE	AL2SI.PA has a high relative strength, it outperformed 98.01% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AL2SI.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of AL2SI.PA is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AL2SI.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	58.85	NEUTRAL	The RSI value for AL2SI.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests AL2SI.PA has a positive trend.
Stochastics (14,3)	88.48	OVERBOUGHT	The high Stochastics value suggests AL2SI.PA may be overbought.
Average True Range in percent/ATR (20)	5.22	HIGH VOLATILITY	The high ATR as a percentage value for AL2SI.PA suggests high volalility.
Average Directional Index/ADX (14)	18.61	NEGATIVE	The low ADX value for AL2SI.PA suggests a weak or negative trend.