USA - NASDAQ:ALTO - US0215131063 - Common Stock
Taking everything into account, ALTO scores 8 out of 10 in our technical rating. In the last year, ALTO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Although ALTO has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
0.95
When analyzing the support we can see 2 important areas.
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 ALTO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALTO is up. |
| ChartMill Relative Strength | 89.15 | POSITIVE | ALTO has a high relative strength, it outperformed 89.15% 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 | MIXED | The current price of ALTO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 76.83 | OVERBOUGHT | The high RSI value suggests ALTO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests ALTO has a positive trend. |
| Stochastics (14,3) | 75.68 | NEUTRAL | The Stochastics value for ALTO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.16 | HIGH VOLATILITY | The high ATR as a percentage value for ALTO suggests high volalility. |
| Average Directional Index/ADX (14) | 28.31 | POSITIVE | The high ADX value value for ALTO suggests a strong trend. |
1.62
+0.24 (+17.39%)
ChartMill assigns a technical rating of 8 / 10 to ALTO.
The current trend direction for ALTO INGREDIENTS INC (ALTO) is Bearish.
ALTO INGREDIENTS INC (ALTO) has an RSI value of 76.8346. This indicates that the stock is currently overbought.
ALTO INGREDIENTS INC (ALTO) has a support level at 1.03. Check the full technical report for our detailed analysis of ALTO support and resistance levels.