ALREW Technical Analysis - REWORLD

Technical Rating and Analysis

Taking everything into account, ALREW scores 5 out of 10 in our technical rating. Although ALREW is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, ALREW is a bad performer in the overall market: 83% of all stocks are doing better.

The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!

ALREW is an average performer in the Media industry, it outperforms 54% of 63 stocks in the same industry.

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

In the last month ALREW has a been trading in the 1.70 - 1.96 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

ALREW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.59

2.03

When analyzing the support we can see 4 important areas.

Support @1.76 from a trend line in the weekly time frame.
Support @1.72 from a trend line in the daily time frame.
Support @1.68 from a horizontal line in the weekly time frame.
A support zone ranging from 1.61 to 1.62. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 1.79 to 1.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.92 to 1.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.01 from a horizontal line in the weekly time frame.

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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	UP	POSITIVE	The long term trend for ALREW.PA is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ALREW.PA is neutral.
ChartMill Relative Strength	17.33	NEGATIVE	ALREW.PA has a low relative strength, it was outperformed by 82.67% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ALREW.PA is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ALREW.PA is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ALREW.PA is above a declining SMA(200).
Relative Strength Index/RSI (14)	43.77	NEUTRAL	The RSI value for ALREW.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests ALREW.PA has a negative trend.
Stochastics (14,3)	26.88	NEUTRAL	The Stochastics value for ALREW.PA is a neutral value.
Average True Range in percent/ATR (20)	4.35	MEDIUM VOLATILITY	The ATR as a percentage value for ALREW.PA suggests some volalility.
Average Directional Index/ADX (14)	13.73	NEGATIVE	The low ADX value for ALREW.PA suggests a weak or negative trend.