STO:ALFA - Nasdaq Stockholm AB - SE0000695876 - Common Stock - Currency: SEK
Overall ALFA gets a technical rating of 0 out of 10. ALFA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, ALFA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 404.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 385.20, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALFA in the last couple of days, which is a good sign.
380.05
2 important support areas can be observed.
We can see 4 important resistance areas.
STO:ALFA (5/5/2025, 5:30:45 PM)
406.6
+1.8 (+0.44%)