ALESA Technical Analysis - ECOSLOPS

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to ALESA. In the last year, ALESA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

In the last month ALESA has a been trading in the 0.77 - 0.98 range, which is quite wide. It is currently trading near the lows of this range.

Warning: ALESA has an average volume of 4510 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

ALESA is part of the Commercial Services & Supplies industry. There are 42 other stocks in this industry. ALESA outperforms 78% of them.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

When compared to the yearly performance of all other stocks, ALESA outperforms 53% of them, which is more or less in line with the market.

ALESA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALESA is lagging the market.

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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

ALESA has an average technical rating and it also does not offer a high 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

0.71

1.00

We found 3 important support areas.

Support @0.81 from a trend line in the daily time frame.
Support @0.76 from a horizontal line in the weekly time frame.
A support zone ranging from 0.72 to 0.73. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 0.86 to 0.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @0.95 from a trend line in the daily time frame.
Resistance @0.99 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	UP	POSITIVE	The long term trend for ALESA.PA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ALESA.PA is down.
ChartMill Relative Strength	53.86	NEUTRAL	ALESA.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ALESA.PA is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALESA.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ALESA.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	41.24	NEUTRAL	The RSI value for ALESA.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests ALESA.PA has a negative trend.
Stochastics (14,3)	22.13	NEUTRAL	The Stochastics value for ALESA.PA is a neutral value.
Average True Range in percent/ATR (20)	6.59	HIGH VOLATILITY	The high ATR as a percentage value for ALESA.PA suggests high volalility.
Average Directional Index/ADX (14)	22.68	NEUTRAL	The ADX value for ALESA.PA suggests a possible start of a new trend.