ALMEX Technical Analysis - MEXEDIA SPA

Technical Rating and Analysis

Taking everything into account, ALMEX scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALMEX is showing a nice and steady performance.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Both the short term and long term trends are positive. This is a very positive sign.

ALMEX is part of the Diversified Telecommunication Services industry. There are 33 other stocks in this industry. ALMEX outperforms 100% of them.

Looking at the yearly performance, ALMEX did better than 99% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

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

In the last month ALMEX has a been trading in the 29.00 - 88.50 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

Setup Rating and Analysis

Besides having an excellent technical rating, ALMEX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

57.11

60.60

We found 2 important support areas.

A support zone ranging from 59.99 to 59.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @57.69 from a trend line 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 ALMEX.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ALMEX.PA is up.
ChartMill Relative Strength	99.85	POSITIVE	ALMEX.PA has a high relative strength, it outperformed 99.85% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ALMEX.PA is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ALMEX.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ALMEX.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	56.14	NEUTRAL	The RSI value for ALMEX.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.82	NEGATIVE	The MACD value suggests ALMEX.PA has a negative trend.
Stochastics (14,3)	34.15	NEUTRAL	The Stochastics value for ALMEX.PA is a neutral value.
Average True Range in percent/ATR (20)	18.48	HIGH VOLATILITY	The high ATR as a percentage value for ALMEX.PA suggests high volalility.
Average Directional Index/ADX (14)	37.74	POSITIVE	The high ADX value value for ALMEX.PA suggests a strong trend.