ALNSE Technical Analysis - NSE

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to ALNSE. In the past year, ALNSE was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.

Warning: ALNSE has an average volume of 574 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

ALNSE 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 ALNSE is lagging the market slightly.

In the last month ALNSE has a been trading in the 36.00 - 44.30 range, which is quite wide. It is currently trading near the high of this range.

When comparing the yearly performance of all stocks, we notice that ALNSE is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

ALNSE is part of the Aerospace & Defense industry. There are 48 other stocks in this industry, ALNSE did better than 44% of them.

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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

ALNSE has an average technical rating and also the quality of the setup is only medium 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

35.38

48.49

3 important support areas can be observed.

Support @39.12 from a trend line in the weekly time frame.
A support zone ranging from 37.39 to 38.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @35.74 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 47.60 to 48.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for ALNSE.PA is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ALNSE.PA is up.
ChartMill Relative Strength	82.99	POSITIVE	ALNSE.PA has a high relative strength, it outperformed 82.99% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ALNSE.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALNSE.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ALNSE.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	55.07	NEUTRAL	The RSI value for ALNSE.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.56	POSITIVE	The MACD value suggests ALNSE.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	87.15	OVERBOUGHT	The high Stochastics value suggests ALNSE.PA may be overbought.
Average True Range in percent/ATR (20)	3.03	MEDIUM VOLATILITY	The ATR as a percentage value for ALNSE.PA suggests some volalility.
Average Directional Index/ADX (14)	23.9	NEUTRAL	The ADX value for ALNSE.PA suggests a possible start of a new trend.