ALMONTY INDUSTRIES INC (ALM) Stock Technical Analysis
NASDAQ:ALM • CA0203987072
Overall ALM gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, ALM is a bad performer.
- When comparing the yearly performance of all stocks, ALM is a bad performer in the overall market: 100% of all stocks are doing better.
- ALM is one of the lesser performing stocks in the Metals & Mining industry. 89% of 157 stocks in the same industry do better.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long and short term trends are both positive. This is looking good!
- In the last month ALM has a been trading in the 10.56 - 15.22 range, which is quite wide. It is currently trading near the high of this range.
- ALM has an average volume of 4227420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ALM 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 very little resistance above the current price.
More info and screens
12.63
When analyzing the support we notice one important area.
- Support @12.76 from a horizontal line in the daily time frame.
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 ALM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ALM 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 ALM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALM is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 65.77 | NEUTRAL | The RSI value for ALM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ALM has a positive trend. |
| Stochastics (14,3) | 90.11 | OVERBOUGHT | The high Stochastics value suggests ALM may be overbought. |
| Average True Range in percent/ATR (20) | 8.58 | HIGH VOLATILITY | The high ATR as a percentage value for ALM suggests high volalility. |
| Average Directional Index/ADX (14) | 33.53 | POSITIVE | The high ADX value value for ALM 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 |
|---|---|---|---|
| 15.23 | 12.75 | 2.48 (16.28%) | 6.14% |
| An entry @15.23. This is a Buy Stop order right above the 10 day high. | An exit @12.75. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.48 points, which is 16.28%. | When investing 6.14% 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.
14.74
+0.16 (+1.1%)
ALMONTY INDUSTRIES INC / ALM FAQ
Can you provide the ChartMill technical rating for ALMONTY INDUSTRIES INC?
ChartMill assigns a technical rating of 7 / 10 to ALM.
What is the current trend direction of ALMONTY INDUSTRIES INC (ALM) stock?
The current trend direction for ALMONTY INDUSTRIES INC (ALM) is Bullish.
What is the RSI signal for ALM stock?
ALMONTY INDUSTRIES INC (ALM) has an RSI value of 65.7686. This indicates that the stock is currently neutral.
What is the MACD signal for ALM stock?
The MACD indicator for ALMONTY INDUSTRIES INC (ALM) has a value of 0.0168552, indicating a bearish trend.
What is the short term momentum for ALMONTY INDUSTRIES INC (ALM) stock?
The short term momentum for ALMONTY INDUSTRIES INC (ALM) is positive.