ALMDT Technical Analysis - MEDIAN TECHNOLOGIES

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to ALMDT. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALMDT is only an average performer.

The long and short term trends are both positive. This is looking good!

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

When compared to the yearly performance of all other stocks, ALMDT outperforms 67% of them, which is more or less in line with the market.

ALMDT is an average performer in the Health Care Technology industry, it outperforms 50% of 11 stocks in the same industry.

ALMDT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALMDT is lagging the market.

In the last month ALMDT has a been trading in the 2.63 - 3.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MEDIAN TECHNOLOGIES / ALMDT Weekly stock chart

MEDIAN TECHNOLOGIES / ALMDT Daily stock chart

Setup Rating and Analysis

ALMDT has an excellent technical rating, but the quality of the setup is 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

2.70

3.74

We found 1 important support area.

A support zone ranging from 2.73 to 2.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

2 important resistance areas can be observed.

Resistance @3.50 from a horizontal line in the weekly time frame.
A resistance zone ranging from 3.67 to 3.70. This zone is formed by a combination of multiple trend lines 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	UP	POSITIVE	The long term trend for ALMDT.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ALMDT.PA is up.
ChartMill Relative Strength	67.01	NEUTRAL	ALMDT.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ALMDT.PA is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ALMDT.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ALMDT.PA is above a declining SMA(200).
Relative Strength Index/RSI (14)	55.05	NEUTRAL	The RSI value for ALMDT.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests ALMDT.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	62.84	NEUTRAL	The Stochastics value for ALMDT.PA is a neutral value.
Average True Range in percent/ATR (20)	10.19	HIGH VOLATILITY	The high ATR as a percentage value for ALMDT.PA suggests high volalility.
Average Directional Index/ADX (14)	26.36	POSITIVE	The high ADX value value for ALMDT.PA suggests a strong trend.