ALMUN Technical Analysis - MUNIC

Technical Rating and Analysis

Taking everything into account, ALMUN scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, ALMUN has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: ALMUN has an average volume of 19787 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

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

Looking at the yearly performance, ALMUN did better than 97% of all other stocks.

ALMUN is one of the better performing stocks in the Communications Equipment industry, it outperforms 92% of 28 stocks in the same industry.

ALMUN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALMUN is lagging the market slightly.

In the last month ALMUN has a been trading in the 0.61 - 0.96 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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

Although ALMUN has an excellent technical rating, it 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.40

0.90

We found 3 important support areas.

A support zone ranging from 0.76 to 0.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 0.70 to 0.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @0.40 from a horizontal line in the weekly 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 ALMUN.PA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ALMUN.PA is up.
ChartMill Relative Strength	97.35	POSITIVE	ALMUN.PA has a high relative strength, it outperformed 97.35% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of ALMUN.PA is above a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ALMUN.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ALMUN.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	61.18	NEUTRAL	The RSI value for ALMUN.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests ALMUN.PA has a positive trend.
Stochastics (14,3)	85.74	OVERBOUGHT	The high Stochastics value suggests ALMUN.PA may be overbought.
Average True Range in percent/ATR (20)	6.18	HIGH VOLATILITY	The high ATR as a percentage value for ALMUN.PA suggests high volalility.
Average Directional Index/ADX (14)	25.88	POSITIVE	The high ADX value value for ALMUN.PA suggests a strong trend.