ALMTA Technical Analysis - METADVERTISE

Technical Rating and Analysis

Taking everything into account, ALMTA scores 3 out of 10 in our technical rating. ALMTA was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.

100% of all other stocks performed better in the past year than ALMTA.

ALMTA is part of the Media industry. There are 62 other stocks in this industry, of which 86% are performing better than ALMTA.

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!

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

In the last month ALMTA has a been trading in the 1.21 - 1.70 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed 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

ALMTA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.55

1.71

When analyzing the support we can see 5 important areas.

Support @1.38 from a trend line in the daily time frame.
Support @1.35 from a trend line in the weekly time frame.
A support zone ranging from 1.26 to 1.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 1.24 to 1.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.56 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 1.51 to 1.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.60 from a trend line in the daily time frame.
Resistance @1.69 from a horizontal line in the daily 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 ALMTA.PA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ALMTA.PA is neutral.
ChartMill Relative Strength	0	NEGATIVE	ALMTA.PA has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ALMTA.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of ALMTA.PA is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ALMTA.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	46.32	NEUTRAL	The RSI value for ALMTA.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests ALMTA.PA has a negative trend.
Stochastics (14,3)	46.66	NEUTRAL	The Stochastics value for ALMTA.PA is a neutral value.
Average True Range in percent/ATR (20)	9.82	HIGH VOLATILITY	The high ATR as a percentage value for ALMTA.PA suggests high volalility.
Average Directional Index/ADX (14)	10.8	NEGATIVE	The low ADX value for ALMTA.PA suggests a weak or negative trend.