Taking everything into account, ALMU scores 4 out of 10 in our technical rating. ALMU performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- 100% of all other stocks performed better in the past year than ALMU.
- ALMU is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 96% of 113 stocks in the same industry do better.
- In the last month ALMU has a been trading in the 14.76 - 24.20 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
ALMU has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
16.46
When analyzing the support we notice one important area.
- A support zone ranging from 16.63 to 16.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.61 to 22.79. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The short term trend for ALMU is down. |
| 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 | MIXED | The current price of ALMU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALMU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALMU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.74 | NEUTRAL | The RSI value for ALMU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests ALMU has a negative trend. |
| Stochastics (14,3) | 15.49 | OVERSOLD | The low Stochastics value suggests ALMU may be oversold. |
| Average True Range in percent/ATR (20) | 11.55 | HIGH VOLATILITY | The high ATR as a percentage value for ALMU suggests high volalility. |
| Average Directional Index/ADX (14) | 28.93 | POSITIVE | The high ADX value value for ALMU suggests a strong trend. |
16.74
-0.91 (-5.16%)
AELUMA INC / ALMU FAQ
What is the technical rating for ALMU stock?
ChartMill assigns a technical rating of 4 / 10 to ALMU.
What is the current trend direction of AELUMA INC (ALMU) stock?
The current trend direction for AELUMA INC (ALMU) is Bullish.
What is the RSI signal for ALMU stock?
AELUMA INC (ALMU) has an RSI value of 40.7384. This indicates that the stock is currently neutral.
What is the short term momentum for AELUMA INC (ALMU) stock?
The short term momentum for AELUMA INC (ALMU) is negative.
What is the support and resistance level for ALMU stock?
AELUMA INC (ALMU) has a support level at 16.73 and a resistance level at 22.61. Check the full technical report for our detailed analysis of ALMU support and resistance levels.