ALBPK Technical Analysis - BROADPEAK

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to ALBPK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALBPK is showing a nice and steady performance.

Warning: ALBPK has an average volume of 14162 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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 ALBPK is one of the better performing stocks in the market, outperforming 96% of all stocks.

ALBPK is part of the Communications Equipment industry. There are 28 other stocks in this industry. ALBPK outperforms 81% of them.

A new 52 week high is currently being made by ALBPK, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month ALBPK has a been trading in the 1.80 - 2.68 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.

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

Although ALBPK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.46

2.55

4 important support areas can be observed.

A support zone ranging from 1.98 to 2.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @1.76 from a trend line in the daily time frame.
Support @1.60 from a horizontal line in the daily time frame.
Support @1.47 from a trend line in the weekly time frame.

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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 ALBPK.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ALBPK.PA is up.
ChartMill Relative Strength	96.33	POSITIVE	ALBPK.PA has a high relative strength, it outperformed 96.33% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ALBPK.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ALBPK.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ALBPK.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	70.16	OVERBOUGHT	The high RSI value suggests ALBPK.PA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests ALBPK.PA has a positive trend.
Stochastics (14,3)	69.87	NEUTRAL	The Stochastics value for ALBPK.PA is a neutral value.
Average True Range in percent/ATR (20)	5.64	HIGH VOLATILITY	The high ATR as a percentage value for ALBPK.PA suggests high volalility.
Average Directional Index/ADX (14)	25.73	POSITIVE	The high ADX value value for ALBPK.PA suggests a strong trend.