ALMONTY INDUSTRIES INC (ALM) Technical Analysis
NASDAQ:ALM • CA0203987072
Current stock price
ALM Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to ALM. ALM was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
- 100% of all other stocks performed better in the past year than ALM.
- ALM is part of the Metals & Mining industry. There are 159 other stocks in this industry, of which 87% are performing better than ALM.
- In the last month ALM has a been trading in the 14.62 - 22.55 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- ALM has an average volume of 5729160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
ALM Weekly and Daily overview Charts
ALM Setup Rating and Analysis
ALM has an average technical rating and it also 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.
More info and screens
ALM Support and Resistance Analysis
7.71
We found 1 important support area.
- Support @7.79 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.73 to 14.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ALM 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 ALM is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALM is down. |
| 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) | DOWN | NEGATIVE | The current price of ALM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALM is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 39.84 | NEUTRAL | The RSI value for ALM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests ALM has a negative trend. |
| Stochastics (14,3) | 12.75 | OVERSOLD | The low Stochastics value suggests ALM may be oversold. |
| Average True Range in percent/ATR (20) | 13.31 | HIGH VOLATILITY | The high ATR as a percentage value for ALM suggests high volalility. |
| Average Directional Index/ADX (14) | 28.83 | POSITIVE | The high ADX value value for ALM suggests a strong trend. |
ALM Chart- and CandleStick Pattern Analysis
ALM Technicals: Chart, Performance Metrics, Trend & Indicators
14.725
-2.2 (-13.02%)
ALMONTY INDUSTRIES INC / ALM TA FAQ
Can you provide the ChartMill technical rating for ALMONTY INDUSTRIES INC?
ChartMill assigns a technical rating of 4 / 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 39.8381. 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 -0.804874, 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 negative.