Overall ALTO gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, ALTO is showing a nice and steady performance.
ALTO has an excellent technical rating, but the quality of the setup is only medium 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.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 2.55 to 2.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @2.49 from a trend line in the daily time frame.
- Support @1.08 from a horizontal 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 | UP | POSITIVE | The long term trend for ALTO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALTO is up. |
| ChartMill Relative Strength | 98.69 | POSITIVE | ALTO has a high relative strength, it outperformed 98.69% 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) | UP | POSITIVE | The current price of ALTO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.61 | OVERBOUGHT | The high RSI value suggests ALTO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests ALTO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 79.67 | NEUTRAL | The Stochastics value for ALTO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.52 | HIGH VOLATILITY | The high ATR as a percentage value for ALTO suggests high volalility. |
| Average Directional Index/ADX (14) | 46.38 | POSITIVE | The high ADX value value for ALTO suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.05 | 2.54 | 0.51 (16.86%) | 5.93% |
| An entry @3.05. This is a Buy Stop order right above the 10 day high. | An exit @2.54. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.51 points, which is 16.86%. | When investing 5.93% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
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ALTO INGREDIENTS INC / ALTO FAQ
Can you provide the ChartMill technical rating for ALTO INGREDIENTS INC?
ChartMill assigns a technical rating of 9 / 10 to ALTO.
What is the current trend direction of ALTO INGREDIENTS INC (ALTO) stock?
The current trend direction for ALTO INGREDIENTS INC (ALTO) is Bullish.
What is the RSI signal for ALTO INGREDIENTS INC (ALTO) stock?
ALTO INGREDIENTS INC (ALTO) has an RSI value of 70.6108. This indicates that the stock is currently overbought.
What is the buy/sell signal for ALTO INGREDIENTS INC (ALTO) stock?
The buy/sell signal for ALTO INGREDIENTS INC (ALTO) is buy as both the short term and long term trends are positive.
What is the support and resistance level for ALTO stock?
ALTO INGREDIENTS INC (ALTO) has a support level at 2.6. Check the full technical report for our detailed analysis of ALTO support and resistance levels.