AlphaClone Alternative Alpha ETF (ALFA) Stock Technical Analysis
USA - NYSEARCA:ALFA - US26922A3059 - ETF
Taking everything into account, ALFA scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALFA was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, ALFA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 62.03, a Stop Loss order could be placed below this zone.
More info and screens
50.74
2 important support areas can be observed.
- A support zone ranging from 61.99 to 62.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.25 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 62.35 to 64.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 65.27 to 65.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @70.46 from a horizontal line in the daily time frame.
- Resistance @87.03 from a horizontal line in the weekly time frame.
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 ALFA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALFA is up. |
| ChartMill Relative Strength | 32.95 | NEUTRAL | ALFA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ALFA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALFA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALFA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.62 | NEUTRAL | The RSI value for ALFA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests ALFA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.2 | OVERSOLD | The low Stochastics value suggests ALFA may be oversold. |
| Average True Range in percent/ATR (20) | 1.41 | LOW VOLATILITY | The low ATR as a percentage value for ALFA suggests low volalility. |
| Average Directional Index/ADX (14) | 15.09 | NEGATIVE | The low ADX value for ALFA suggests a weak or negative trend. |
AlphaClone Alternative Alpha ETF
NYSEARCA:ALFA (8/30/2022, 8:04:00 PM)
62.1
+0.05 (+0.08%)
AlphaClone Alternative Alpha ETF / ALFA FAQ
Can you provide the ChartMill technical rating for AlphaClone Alternative Alpha ETF?
ChartMill assigns a technical rating of 4 / 10 to ALFA.
What is the current trend direction of AlphaClone Alternative Alpha ETF (ALFA) stock?
The current trend direction for AlphaClone Alternative Alpha ETF (ALFA) is Bearish.
What is the RSI signal for ALFA stock?
AlphaClone Alternative Alpha ETF (ALFA) has an RSI value of 55.62. This indicates that the stock is currently neutral.
What is the MACD signal for AlphaClone Alternative Alpha ETF (ALFA) stock?
The MACD indicator for AlphaClone Alternative Alpha ETF (ALFA) has a value of -0.430503, indicating a bearish trend.
Can you provide the short term momentum for AlphaClone Alternative Alpha ETF?
The short term momentum for AlphaClone Alternative Alpha ETF (ALFA) is positive.