ALLIANCE LAUNDRY HOLDINGS IN (ALH) Stock Technical Analysis
NYSE:ALH • US01862Q1076
Overall ALH gets a technical rating of 6 out of 10. ALH has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, ALH is a bad performer in the overall market: 100% of all stocks are doing better.
- ALH is one of the lesser performing stocks in the Machinery industry. 93% of 131 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- ALH 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.
- ALH has an average volume of 1099670 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is only medium, ALH does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
21.32
We found 2 important support areas.
- A support zone ranging from 22.53 to 22.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 21.54 to 21.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 23.96 to 24.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ALH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALH is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ALH has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALH is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 62.15 | NEUTRAL | The RSI value for ALH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests ALH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.78 | NEUTRAL | The Stochastics value for ALH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for ALH suggests some volalility. |
| Average Directional Index/ADX (14) | 26.6 | POSITIVE | The high ADX value value for ALH suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.16 | 22.52 | 1.64 (6.79%) | 14.73% |
| An entry @24.16. This is a Buy Stop order right above the resistance zone. | An exit @22.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.64 points, which is 6.79%. | When investing 14.73% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
23.95
+0.12 (+0.5%)
ALLIANCE LAUNDRY HOLDINGS IN / ALH FAQ
Can you provide the ChartMill technical rating for ALLIANCE LAUNDRY HOLDINGS IN?
ChartMill assigns a technical rating of 6 / 10 to ALH.
Can you provide the trend direction for ALLIANCE LAUNDRY HOLDINGS IN?
The current trend direction for ALLIANCE LAUNDRY HOLDINGS IN (ALH) is Bullish.
What is the RSI signal for ALLIANCE LAUNDRY HOLDINGS IN (ALH) stock?
ALLIANCE LAUNDRY HOLDINGS IN (ALH) has an RSI value of 62.1522. This indicates that the stock is currently neutral.
What is the MACD signal for ALLIANCE LAUNDRY HOLDINGS IN (ALH) stock?
The MACD indicator for ALLIANCE LAUNDRY HOLDINGS IN (ALH) has a value of 0.068066, indicating a bearish trend.
Can you provide the support and resistance levels for ALLIANCE LAUNDRY HOLDINGS IN?
ALLIANCE LAUNDRY HOLDINGS IN (ALH) has a support level at 22.88 and a resistance level at 23.96. Check the full technical report for our detailed analysis of ALH support and resistance levels.