ALNXT Technical Analysis - NEXTEDIA

Technical Rating and Analysis

Overall ALNXT gets a technical rating of 0 out of 10. ALNXT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, ALNXT is a bad performer in the overall market: 91% of all stocks are doing better.

ALNXT is one of the lesser performing stocks in the IT Services industry. 61% of 76 stocks in the same industry do better.

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

In the last month ALNXT has a been trading in the 0.46 - 0.51 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

ALNXT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.

A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.44

0.64

We found 3 important support areas.

Support @0.46 from a trend line in the weekly time frame.
A support zone ranging from 0.45 to 0.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @0.44 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

Resistance @0.52 from a horizontal line in the weekly time frame.
Resistance @0.53 from a horizontal line in the daily time frame.
Resistance @0.63 from a trend line in the weekly 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	DOWN	NEGATIVE	The long term trend for ALNXT.PA is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ALNXT.PA is neutral.
ChartMill Relative Strength	9.03	NEGATIVE	ALNXT.PA has a low relative strength, it was outperformed by 90.97% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ALNXT.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALNXT.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ALNXT.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.61	NEUTRAL	The RSI value for ALNXT.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ALNXT.PA has a positive trend.
Stochastics (14,3)	32.42	NEUTRAL	The Stochastics value for ALNXT.PA is a neutral value.
Average True Range in percent/ATR (20)	3.41	MEDIUM VOLATILITY	The ATR as a percentage value for ALNXT.PA suggests some volalility.
Average Directional Index/ADX (14)	14.42	NEGATIVE	The low ADX value for ALNXT.PA suggests a weak or negative trend.