ALMAS Technical Analysis - MASTRAD

Technical Rating and Analysis

Overall ALMAS gets a technical rating of 2 out of 10. Although ALMAS is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

ALMAS 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 ALMAS has a been trading in the 0.01 - 0.02 range, which is quite wide. It is currently trading near the lows of this range.

ALMAS is one of the better performing stocks in the Household Durables industry, it outperforms 90% of 33 stocks in the same industry.

Looking at the yearly performance, ALMAS did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

Volume is considerably higher 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

Setup Rating and Analysis

Although the technical rating is bad, ALMAS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.01

When analyzing the support we notice one important area.

Support @0.01 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 0.01 to 0.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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 ALMAS.PA is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ALMAS.PA is neutral.
ChartMill Relative Strength	82.45	POSITIVE	ALMAS.PA has a high relative strength, it outperformed 82.45% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ALMAS.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALMAS.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of ALMAS.PA is below the rising SMA(200).
Relative Strength Index/RSI (14)	43.13	NEUTRAL	The RSI value for ALMAS.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	NEGATIVE	The MACD value suggests ALMAS.PA has a negative trend, although the MACD value is rising.
Average True Range in percent/ATR (20)	9.17	HIGH VOLATILITY	The high ATR as a percentage value for ALMAS.PA suggests high volalility.
Average Directional Index/ADX (14)	13.05	NEGATIVE	The low ADX value for ALMAS.PA suggests a weak or negative trend.