AlphaClone Alternative Alpha ETF (ALFA) Stock Technical Analysis
NYSEARCA:ALFA - NYSE Arca - US26922A3059 - ETF - Currency: USD
We assign a technical rating of 4 out of 10 to ALFA. In the past year, ALFA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
68% of all other stocks performed better in the past year than ALFA.
ALFA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ALFA is lagging the market.
Warning: ALFA has an average volume of 5892 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
ALFA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
ALFA has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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
87.90
When analyzing the support we can see 2 important areas.
- 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.
When analyzing the resistance we notice 4 important 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
AlphaClone Alternative Alpha ETF
NYSEARCA:ALFA (8/30/2022, 8:04:00 PM)
62.1
+0.05 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.08%
1 Week0.18%
2 Weeks-4.7%
1 Month3.4%
3 Month1.61%
6 Month-3.27%
12 Month-30.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%1.41%
ATR Inc-91.28%
Range Today0.15
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.95
Mansfield-0.33
10 Day High64.06
10 Day Low61.84
20 Day High65.46
20 Day Low60.85
52 Week High89.79
52 Week Low50.98
CS1 End62.03
CR1 Start62.35
Volume & EV
DER(3)0%
DER(5)0%
Volume2.80K
Volume Incr-89.09%
Vol(5)1.10K
Vol(50)5.89K