ALDEL FINANCIAL II INC (ALDF) Stock Technical Analysis
NASDAQ:ALDF - KYG015581088 - Common Stock
Overall ALDF gets a technical rating of 4 out of 10. In the last year, ALDF was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
ALDF has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.45. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.43, a Stop Loss order could be placed below this zone.
More info and screens
9.81
2 important support areas can be observed.
- A support zone ranging from 10.34 to 10.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.91 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.45 to 10.55. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 0 | NEGATIVE | ALDF has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALDF is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALDF is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 56.76 | NEUTRAL | The RSI value for ALDF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALDF has a positive trend. |
| Stochastics (14,3) | 82.67 | OVERBOUGHT | The high Stochastics value suggests ALDF may be overbought. |
| Average True Range in percent/ATR (20) | 0.57 | LOW VOLATILITY | The low ATR as a percentage value for ALDF suggests low volalility. |
| Average Directional Index/ADX (14) | 33.85 | POSITIVE | The high ADX value value for ALDF suggests a strong trend. |
10.4468
+0.02 (+0.16%)