ALCOF Technical Analysis - COFIDUR

Technical Rating and Analysis

Taking everything into account, ALCOF scores 1 out of 10 in our technical rating. ALCOF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

89% of all other stocks performed better in the past year than ALCOF.

ALCOF is part of the Electronic Equipment, Instruments & Components industry. There are 56 other stocks in this industry, of which 63% are performing better than ALCOF.

ALCOF is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

Warning: ALCOF has an average volume of 24 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month ALCOF has a been trading in the 266.00 - 298.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

Considerably lower volume is observed in the last couple of days.

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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

The technical rating of ALCOF 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

265.31

345.42

When analyzing the support we notice one important area.

Support @267.99 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 288.40 to 309.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @342.00 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	DOWN	NEGATIVE	The long term trend for ALCOF.PA is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ALCOF.PA is neutral.
ChartMill Relative Strength	11.77	NEGATIVE	ALCOF.PA has a low relative strength, it was outperformed by 88.23% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ALCOF.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of ALCOF.PA is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ALCOF.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	51.65	NEUTRAL	The RSI value for ALCOF.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.27	NEGATIVE	The MACD value suggests ALCOF.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	48.99	NEUTRAL	The Stochastics value for ALCOF.PA is a neutral value.
Average True Range in percent/ATR (20)	2.19	MEDIUM VOLATILITY	The ATR as a percentage value for ALCOF.PA suggests some volalility.
Average Directional Index/ADX (14)	18.21	NEGATIVE	The low ADX value for ALCOF.PA suggests a weak or negative trend.