ALHG Technical Analysis - LOUIS HACHETTE GROUP

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to ALHG. ALHG performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

100% of all other stocks performed better in the past year than ALHG.

ALHG is one of the lesser performing stocks in the Media industry. 84% of 64 stocks in the same industry do better.

In the last month ALHG has a been trading in the 1.48 - 1.71 range, which is quite wide. It is currently trading near the lows of this range.

ALHG has an average volume of 1232840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

LOUIS HACHETTE GROUP / ALHG Weekly stock chart

LOUIS HACHETTE GROUP / ALHG Daily stock chart

Setup Rating and Analysis

The technical rating of ALHG 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

1.48

1.76

When analyzing the support we notice one important area.

A support zone ranging from 1.49 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 1.60 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.69 to 1.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @1.74 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	UP	POSITIVE	The long term trend for ALHG.PA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ALHG.PA is down.
ChartMill Relative Strength	0	NEGATIVE	ALHG.PA has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ALHG.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALHG.PA is below a declining SMA(50).
Relative Strength Index/RSI (14)	28.26	OVERSOLD	The low RSI value suggests ALHG.PA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests ALHG.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	5.6	OVERSOLD	The low Stochastics value suggests ALHG.PA may be oversold.
Average True Range in percent/ATR (20)	2.24	MEDIUM VOLATILITY	The ATR as a percentage value for ALHG.PA suggests some volalility.
Average Directional Index/ADX (14)	26.97	POSITIVE	The high ADX value value for ALHG.PA suggests a strong trend.