ALHIT Technical Analysis - HITECHPROS

Technical Rating and Analysis

Taking everything into account, ALHIT scores 8 out of 10 in our technical rating. Although ALHIT is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Warning: ALHIT has an average volume of 194 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long and short term trends are both positive. This is looking good!

ALHIT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ALHIT is performing more or less in line with the market.

In the last month ALHIT has a been trading in the 15.60 - 17.00 range, which is quite wide. It is currently trading near the high of this range.

When compared to the yearly performance of all other stocks, ALHIT outperforms 53% of them, which is more or less in line with the market.

ALHIT is part of the IT Services industry. There are 74 other stocks in this industry, ALHIT did better than 63% of them.

Volume is considerably higher in the last couple of days.

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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

Although ALHIT has an excellent technical rating, it does not offer a high 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

14.85

17.88

4 important support areas can be observed.

Support @16.90 from a horizontal line in the daily time frame.
A support zone ranging from 16.31 to 16.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @15.70 from a horizontal line in the daily time frame.
A support zone ranging from 15.00 to 15.30. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 17.60 to 17.70. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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 ALHIT.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ALHIT.PA is up.
ChartMill Relative Strength	53.62	NEUTRAL	ALHIT.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ALHIT.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ALHIT.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ALHIT.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	61.21	NEUTRAL	The RSI value for ALHIT.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.04	POSITIVE	The MACD value suggests ALHIT.PA has a positive trend.
Stochastics (14,3)	86.67	OVERBOUGHT	The high Stochastics value suggests ALHIT.PA may be overbought.
Average True Range in percent/ATR (20)	1.76	LOW VOLATILITY	The low ATR as a percentage value for ALHIT.PA suggests low volalility.
Average Directional Index/ADX (14)	8.87	NEGATIVE	The low ADX value for ALHIT.PA suggests a weak or negative trend.