ALTO INGREDIENTS INC (ALTO) Stock Technical Analysis
NASDAQ:ALTO - US0215131063 - Common Stock
1.13 USD
-0.01 (-0.88%)
1.11 USD
-0.02 (-1.77%)
Overall ALTO gets a technical rating of 3 out of 10. ALTO 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
ALTO 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.
In the last month ALTO has a been trading in the 0.97 - 1.16 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, ALTO turns out to be only a medium performer in the overall market: it outperformed 41% of all stocks.
ALTO is an average performer in the Chemicals industry, it outperforms 55% of 84 stocks in the same industry.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although the technical rating is bad, ALTO does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 1.06, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALTO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.99
1.61
2 important support areas can be observed.
- A support zone ranging from 1.05 to 1.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.00 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 1.25 to 1.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.31 from a trend line in the weekly time frame.
- Resistance @1.59 from a trend line in the weekly time frame.
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 ALTO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALTO is neutral. |
| ChartMill Relative Strength | 41.77 | NEUTRAL | ALTO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALTO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ALTO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALTO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.52 | NEUTRAL | The RSI value for ALTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALTO has a positive trend. |
| Stochastics (14,3) | 75.72 | NEUTRAL | The Stochastics value for ALTO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.54 | HIGH VOLATILITY | The high ATR as a percentage value for ALTO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.42 | NEGATIVE | The low ADX value for ALTO suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.13
-0.01 (-0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg-0.88%
1 Week6.6%
2 Weeks6.6%
1 Month7.62%
3 Month21.77%
6 Month-29.81%
12 Month-18.12%
2 Year-68.7%
3 Year-73.84%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.06
ATR(20)%5.54%
ATR Inc38.93%
Range Today0.06
ADR(20)0.06
ADR(20)%5.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.77
Mansfield-2.29
10 Day High1.16
10 Day Low0.99
20 Day High1.16
20 Day Low0.97
52 Week High2.05
52 Week Low0.76
CS1 End1.06
CR1 Start1.25
Volume & EV
DER(3)12.07%
DER(5)8.02%
Volume144.10K
Volume Incr-25.79%
Vol(5)179.02K
Vol(50)229.81K