We assign a technical rating of 7 out of 10 to ALM. Although ALM is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 100% of all other stocks performed better in the past year than ALM.
- ALM is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 90% are performing better than ALM.
- Both the short term and long term trends are positive. This is a very positive sign.
- ALM has an average volume of 2472140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month ALM has a been trading in the 7.90 - 9.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, ALM 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 8.62, a Stop Loss order could be placed below this zone.
More info and screens
6.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 8.62 to 8.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.59 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.96 to 9.97. This zone is formed by a combination of multiple trend lines 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 | MIXED | The current price of ALM is below 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) | 51.28 | NEUTRAL | The RSI value for ALM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests ALM has a negative trend. |
| Stochastics (14,3) | 32.92 | NEUTRAL | The Stochastics value for ALM is a neutral value. |
| Average True Range in percent/ATR (20) | 5.99 | HIGH VOLATILITY | The high ATR as a percentage value for ALM suggests high volalility. |
| Average Directional Index/ADX (14) | 21.39 | NEUTRAL | The ADX value for ALM suggests a possible start of a new trend. |
8.67
-0.33 (-3.67%)
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 51.2792. 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 -0.124586, 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.