ALKEMY SPA (ALK.MI) Stock Technical Analysis
BIT:ALK - Euronext Milan - IT0005314635 - Common Stock - Currency: EUR
We assign a technical rating of 7 out of 10 to ALK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALK is showing a nice and steady performance.
Warning: ALK has an average volume of 10093 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!
ALK is part of the Professional Services industry. There are 30 other stocks in this industry. ALK outperforms 100% of them.
ALK 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 ALK is performing more or less in line with the market.
In the last month ALK has a been trading in the 11.00 - 12.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that ALK is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
ALK has an excellent technical rating and also presents 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 11.86, a Stop Loss order could be placed below this zone.
More info and screens
8.93
12.84
We found 4 important support areas.
- A support zone ranging from 11.48 to 11.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.14 to 11.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @10.73 from a trend line in the daily time frame.
- Support @9.02 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @12.20 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.64 to 12.71. 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 ALK.MI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALK.MI is up. |
| ChartMill Relative Strength | 86.01 | POSITIVE | ALK.MI has a high relative strength, it outperformed 86.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALK.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALK.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALK.MI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.74 | NEUTRAL | The RSI value for ALK.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ALK.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90 | OVERBOUGHT | The high Stochastics value suggests ALK.MI may be overbought. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for ALK.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 13.18 | NEGATIVE | The low ADX value for ALK.MI 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)
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 |
|---|---|---|---|
| 12.21 | 11.79 | 0.42 (3.44%) | 25.00% |
| An entry @12.21. This is a Buy Stop order right above the resistance zone. | An exit @11.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.42 points, which is 3.44%. | For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
BIT:ALK (5/15/2025, 7:00:00 PM)
11.9
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryProfessional Services
Performance
% Chg0%
1 Week0.42%
2 Weeks0.85%
1 Month0.85%
3 Month0%
6 Month-1.65%
12 Month46.91%
2 Year-1.98%
3 Year-18.94%
5 Year93.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%1.6%
ATR Inc-100%
Range Today0
ADR(20)0.12
ADR(20)%0.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.01
Mansfield-0.05
10 Day High11.95
10 Day Low11.8
20 Day High12
20 Day Low11
52 Week High12.98
52 Week Low8.47
CS1 End11.86
CR1 Start12.2
Volume & EV
DER(3)0%
DER(5)0%
Volume420
Volume Incr5.84%
Vol(5)3.61K
Vol(50)10.09K