AELUMA INC (ALMU) Stock Technical Analysis
NASDAQ:ALMU - Nasdaq - US00776X1090 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to ALMU. ALMU has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, ALMU does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 19.39, a Stop Loss order could be placed below this zone.
More info and screens
16.98
We found 2 important support areas.
- A support zone ranging from 19.23 to 19.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @17.15 from a trend line in the daily time frame.
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 ALMU is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALMU is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | ALMU has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALMU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALMU is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 55.08 | NEUTRAL | The RSI value for ALMU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests ALMU has a negative trend. |
| Stochastics (14,3) | 41.87 | NEUTRAL | The Stochastics value for ALMU is a neutral value. |
| Average True Range in percent/ATR (20) | 10.8 | HIGH VOLATILITY | The high ATR as a percentage value for ALMU suggests high volalility. |
| Average Directional Index/ADX (14) | 24.76 | NEUTRAL | The ADX value for ALMU suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.99 | 19.22 | 2.77 (12.60%) | 7.93% |
| An entry @21.99. This is a Buy Stop order right above the 10 day moving average. | An exit @19.22. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.77 points, which is 12.60%. | For a 1.00% total portfolio risk, you can invest 7.93% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALMU. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.03
+1.64 (+8.46%)