ALTO INGREDIENTS INC (ALTO) Stock Technical Analysis
NASDAQ:ALTO - Nasdaq - US0215131063 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to ALTO. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALTO was also a bad performer in the overall market in the last year.
80% of all other stocks performed better in the past year than ALTO.
In the last month ALTO has a been trading in the 0.84 - 1.27 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
ALTO is part of the Chemicals industry. There are 84 other stocks in this industry, ALTO did better than 51% of them.
ALTO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALTO is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ALTO has an average technical rating and it also does not offer a high quality setup 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.
More info and screens
0.86
1.82
When analyzing the support we notice one important area.
- Support @0.87 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.18 to 1.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.48 from a trend line in the weekly time frame.
- Resistance @1.67 from a trend line in the weekly time frame.
- Resistance @1.80 from a trend line in the daily 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 | UP | POSITIVE | The short term trend for ALTO is up. |
| ChartMill Relative Strength | 20.33 | NEGATIVE | ALTO has a low relative strength, it was outperformed by 79.67% off all stocks 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) | UP | POSITIVE | The current price of ALTO is above the rising 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) | 65.82 | NEUTRAL | The RSI value for ALTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ALTO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.2 | NEUTRAL | The Stochastics value for ALTO is a neutral value. |
| Average True Range in percent/ATR (20) | 7.19 | HIGH VOLATILITY | The high ATR as a percentage value for ALTO suggests high volalility. |
| Average Directional Index/ADX (14) | 28.5 | POSITIVE | The high ADX value value for ALTO suggests a strong 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)
1.17
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg0%
1 Week13.59%
2 Weeks25.15%
1 Month28.51%
3 Month-13.97%
6 Month-20.95%
12 Month-8.59%
2 Year-59.52%
3 Year-68.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%7.19%
ATR Inc84.7%
Range Today0.1
ADR(20)0.08
ADR(20)%7.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.33
Mansfield-2.06
10 Day High1.27
10 Day Low0.91
20 Day High1.27
20 Day Low0.84
52 Week High2.05
52 Week Low0.76
CS1 End0.87
CR1 Start1.18
Volume & EV
DER(3)10.81%
DER(5)6%
Volume375.64K
Volume Incr87.77%
Vol(5)567.48K
Vol(50)389.73K