ALTERNUS CLEAN ENERGY INC (ALCE) Stock Technical Analysis
NASDAQ:ALCE - Nasdaq - US02157G2003 - Common Stock - Currency: USD
Taking everything into account, ALCE scores 0 out of 10 in our technical rating. ALCE'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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
100% of all other stocks performed better in the past year than ALCE.
ALCE is part of the Independent Power and Renewable Electricity Producers industry. There are 19 other stocks in this industry, of which 94% are performing better than ALCE.
ALCE is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month ALCE has a been trading in the 0.22 - 0.57 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
ALCE has an average volume of 1314600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
The technical rating of ALCE is bad and it also does not present a 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
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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 ALCE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALCE is down. |
| ChartMill Relative Strength | 0.17 | NEGATIVE | ALCE has a low relative strength, it was outperformed by 99.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALCE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALCE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALCE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 25.2 | OVERSOLD | The low RSI value suggests ALCE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ALCE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 11.84 | OVERSOLD | The low Stochastics value suggests ALCE may be oversold. |
| Average True Range in percent/ATR (20) | 22.54 | HIGH VOLATILITY | The high ATR as a percentage value for ALCE suggests high volalility. |
| Average Directional Index/ADX (14) | 20.49 | NEUTRAL | The ADX value for ALCE suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.226
-0.06 (-20.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-20.65%
1 Week-23.91%
2 Weeks-39.25%
1 Month-61.03%
3 Month-87.08%
6 Month-95.87%
12 Month-98.49%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%22.54%
ATR Inc-4.41%
Range Today0.07
ADR(20)0.05
ADR(20)%21.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.17
Mansfield-9.65
10 Day High0.37
10 Day Low0.22
20 Day High0.57
20 Day Low0.22
52 Week High19.58
52 Week Low0.22
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-4.43%
DER(5)-2.76%
Volume1.67M
Volume Incr-17.1%
Vol(5)790.00K
Vol(50)1.31M