ALNSE Technical Analysis - NSE

Technical Rating and Analysis

Taking everything into account, ALNSE scores 1 out of 10 in our technical rating. ALNSE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

ALNSE is part of the Aerospace & Defense industry. There are 43 other stocks in this industry, of which 69% are performing better than ALNSE.

In the last month ALNSE has a been trading in the 38.00 - 48.00 range, which is quite wide. It is currently trading near the lows of this range.

Warning: ALNSE has an average volume of 659 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

When comparing the yearly performance of all stocks, we notice that ALNSE is one of the better performing stocks in the market, outperforming 72% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

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

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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 a poor technical rating and the quality of the setup is also 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

34.67

49.79

When analyzing the support we notice one important area.

Support @35.02 from a trend line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 38.69 to 38.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 47.60 to 48.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @49.30 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The short term trend for ALNSE.PA is down.
ChartMill Relative Strength	72.03	POSITIVE	ALNSE.PA has a high relative strength, it outperformed 72.03% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ALNSE.PA is below a declining 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)	28.54	OVERSOLD	The low RSI value suggests ALNSE.PA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.74	NEGATIVE	The MACD value suggests ALNSE.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	9.1	OVERSOLD	The low Stochastics value suggests ALNSE.PA may be oversold.
Average True Range in percent/ATR (20)	3.01	MEDIUM VOLATILITY	The ATR as a percentage value for ALNSE.PA suggests some volalility.
Average Directional Index/ADX (14)	32.68	POSITIVE	The high ADX value value for ALNSE.PA suggests a strong trend.