ALFEN Technical Analysis - ALFEN N.V.

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to ALFEN. ALFEN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, ALFEN is a bad performer in the overall market: 94% of all stocks are doing better.

ALFEN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

ALFEN is part of the Electrical Equipment industry. There are 63 other stocks in this industry, ALFEN did better than 43% of them.

In the last month ALFEN has a been trading in the 9.10 - 10.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

The technical rating of ALFEN is bad and it also does not present a 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

9.72

11.75

We found 1 important support area.

A support zone ranging from 9.82 to 9.82. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

Resistance @10.04 from a trend line in the daily time frame.
Resistance @11.63 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for ALFEN.AS is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ALFEN.AS is neutral.
ChartMill Relative Strength	6.88	NEGATIVE	ALFEN.AS has a low relative strength, it was outperformed by 93.12% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ALFEN.AS is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALFEN.AS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ALFEN.AS is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.44	NEUTRAL	The RSI value for ALFEN.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests ALFEN.AS has a positive trend.
Stochastics (14,3)	83.18	OVERBOUGHT	The high Stochastics value suggests ALFEN.AS may be overbought.
Average True Range in percent/ATR (20)	3.04	MEDIUM VOLATILITY	The ATR as a percentage value for ALFEN.AS suggests some volalility.
Average Directional Index/ADX (14)	19.82	NEGATIVE	The low ADX value for ALFEN.AS suggests a weak or negative trend.