ALSGD Technical Analysis - SPINEGUARD SA

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to ALSGD. In the last year, ALSGD was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

ALSGD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

ALSGD is part of the Health Care Equipment & Supplies industry. There are 59 other stocks in this industry. ALSGD outperforms 75% of them.

ALSGD has an average volume of 1149280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, ALSGD outperforms 68% of them, which is more or less in line with the market.

In the last month ALSGD has a been trading in the 0.08 - 0.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SPINEGUARD SA / ALSGD Weekly stock chart

Setup Rating and Analysis

Besides having an excellent technical rating, ALSGD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.08

0.28

We found 2 important support areas.

A support zone ranging from 0.13 to 0.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.08 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 3 important areas.

Resistance @0.18 from a trend line in the daily time frame.
Resistance @0.26 from a trend line in the weekly time frame.
Resistance @0.28 from a horizontal 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	NEUTRAL	NEUTRAL	The long term trend for ALSGD.PA is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ALSGD.PA is up.
ChartMill Relative Strength	68.06	NEUTRAL	ALSGD.PA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ALSGD.PA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of ALSGD.PA is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of ALSGD.PA is above a declining SMA(200).
Relative Strength Index/RSI (14)	57.55	NEUTRAL	The RSI value for ALSGD.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ALSGD.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	24.88	NEUTRAL	The Stochastics value for ALSGD.PA is a neutral value.
Average True Range in percent/ATR (20)	21.08	HIGH VOLATILITY	The high ATR as a percentage value for ALSGD.PA suggests high volalility.
Average Directional Index/ADX (14)	50.87	POSITIVE	The high ADX value value for ALSGD.PA suggests a strong trend.