ALMAR Technical Analysis - MARE NOSTRUM SA

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to ALMAR. ALMAR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

ALMAR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month ALMAR has a been trading in the 0.44 - 0.56 range, which is quite wide. It is currently trading near the lows of this range.

Warning: ALMAR has an average volume of 2253 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

ALMAR is part of the Professional Services industry. There are 32 other stocks in this industry. ALMAR outperforms 80% of them.

When comparing the performance of all stocks over the past year, ALMAR turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.

Considerably lower volume is observed 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

MARE NOSTRUM SA / ALMAR Weekly stock chart

MARE NOSTRUM SA / ALMAR Daily stock chart

Setup Rating and Analysis

ALMAR has a poor technical rating and the quality of the setup is also only medium 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

0.44

0.49

We found 1 important resistance area.

A resistance zone ranging from 0.49 to 0.49. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for ALMAR.PA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ALMAR.PA is down.
ChartMill Relative Strength	45.64	NEUTRAL	ALMAR.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ALMAR.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALMAR.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ALMAR.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	25.82	OVERSOLD	The low RSI value suggests ALMAR.PA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ALMAR.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	16.11	OVERSOLD	The low Stochastics value suggests ALMAR.PA may be oversold.
Average True Range in percent/ATR (20)	3.98	MEDIUM VOLATILITY	The ATR as a percentage value for ALMAR.PA suggests some volalility.
Average Directional Index/ADX (14)	27.85	POSITIVE	The high ADX value value for ALMAR.PA suggests a strong trend.