ALMLB Technical Analysis - MILIBOO SA

Technical Rating and Analysis

Taking everything into account, ALMLB scores 5 out of 10 in our technical rating. In the last year, ALMLB was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

Warning: ALMLB has an average volume of 1166 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

ALMLB is one of the better performing stocks in the Household Durables industry, it outperforms 87% of 34 stocks in the same industry.

In the last month ALMLB has a been trading in the 1.56 - 1.71 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, ALMLB did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.

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

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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

ALMLB has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.54

1.89

We found 2 important support areas.

A support zone ranging from 1.61 to 1.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.56 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

A resistance zone ranging from 1.68 to 1.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.87 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 ALMLB.PA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ALMLB.PA is neutral.
ChartMill Relative Strength	79.08	POSITIVE	ALMLB.PA has a high relative strength, it outperformed 79.08% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ALMLB.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALMLB.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ALMLB.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	54.07	NEUTRAL	The RSI value for ALMLB.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ALMLB.PA has a positive trend.
Stochastics (14,3)	33.66	NEUTRAL	The Stochastics value for ALMLB.PA is a neutral value.
Average True Range in percent/ATR (20)	1.84	LOW VOLATILITY	The low ATR as a percentage value for ALMLB.PA suggests low volalility.
Average Directional Index/ADX (14)	10.51	NEGATIVE	The low ADX value for ALMLB.PA suggests a weak or negative trend.