We assign a technical rating of 3 out of 10 to ALMCE. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALMCE was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, ALMCE is a bad performer in the overall market: 91% of all stocks are doing better.
ALMCE is one of the lesser performing stocks in the Independent Power and Renewable Electricity Producers industry. 89% of 20 stocks in the same industry do better.
ALMCE is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
Warning: ALMCE has an average volume of 630 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month ALMCE has a been trading in the 4.30 - 5.15 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.