We assign a technical rating of 7 out of 10 to ALDF. Although ALDF is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
ALDF has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 10.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.50, a Stop Loss order could be placed below this zone.
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9.99
2 important support areas can be observed.
- A support zone ranging from 10.34 to 10.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @10.09 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.51 to 10.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ALDF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALDF is up. |
| ChartMill Relative Strength | 46.6 | NEUTRAL | ALDF is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALDF is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALDF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALDF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.13 | NEUTRAL | The RSI value for ALDF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ALDF has a positive trend. |
| Stochastics (14,3) | 61.11 | NEUTRAL | The Stochastics value for ALDF is a neutral value. |
| Average True Range in percent/ATR (20) | 0.09 | LOW VOLATILITY | The low ATR as a percentage value for ALDF suggests low volalility. |
| Average Directional Index/ADX (14) | 14.53 | NEGATIVE | The low ADX value for ALDF suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.53 | 10.48 | 0.05 (0.47%) | 25.00% |
| An entry @10.53. This is a Buy Stop order right above the 10 day high. | An exit @10.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.05 points, which is 0.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.505
0 (-0.05%)
ALDEL FINANCIAL II INC / ALDF FAQ
What is the technical rating for ALDF stock?
ChartMill assigns a technical rating of 7 / 10 to ALDF.
Can you provide the trend direction for ALDEL FINANCIAL II INC?
The current trend direction for ALDEL FINANCIAL II INC (ALDF) is Bullish.
What is the RSI signal for ALDF stock?
ALDEL FINANCIAL II INC (ALDF) has an RSI value of 54.1281. This indicates that the stock is currently neutral.
What is the MACD signal for ALDEL FINANCIAL II INC (ALDF) stock?
The MACD indicator for ALDEL FINANCIAL II INC (ALDF) has a value of 0.000747132, indicating a bearish trend.
Can you provide the support and resistance levels for ALDEL FINANCIAL II INC?
ALDEL FINANCIAL II INC (ALDF) has a support level at 10.5 and a resistance level at 10.51. Check the full technical report for our detailed analysis of ALDF support and resistance levels.