ALTO INGREDIENTS INC (ALTO) Stock Technical Analysis
NASDAQ:ALTO - Nasdaq - US0215131063 - Common Stock - Currency: USD
Overall ALTO gets a technical rating of 1 out of 10. ALTO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
69% of all other stocks performed better in the past year than ALTO.
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 - 1.28 range, which is quite wide. It is currently trading near the lows of this range.
ALTO is part of the Chemicals industry. There are 85 other stocks in this industry, ALTO did better than 55% of them.
The technical rating of ALTO is bad and it also does not present a 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
0.98
1.78
We found 2 important support areas.
- A support zone ranging from 1.04 to 1.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.99 from a horizontal line in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 1.12 to 1.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.16 from a trend line in the daily time frame.
- Resistance @1.26 from a horizontal line in the daily time frame.
- Resistance @1.36 from a trend line in the weekly time frame.
- Resistance @1.62 from a trend line in the weekly time frame.
- Resistance @1.76 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 | DOWN | NEGATIVE | The short term trend for ALTO is down. |
| ChartMill Relative Strength | 31.96 | NEUTRAL | ALTO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALTO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of ALTO is below 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) | 43.69 | NEUTRAL | The RSI value for ALTO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests ALTO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.43 | NEUTRAL | The Stochastics value for ALTO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.39 | HIGH VOLATILITY | The high ATR as a percentage value for ALTO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.64 | NEUTRAL | The ADX value for ALTO suggests a possible start of a new 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)
1.06
+0.06 (+6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg6%
1 Week0.95%
2 Weeks-10.17%
1 Month-14.52%
3 Month22.43%
6 Month-28.86%
12 Month-23.74%
2 Year-70.64%
3 Year-75.46%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%6.39%
ATR Inc14.26%
Range Today0.07
ADR(20)0.07
ADR(20)%6.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.96
Mansfield-2.83
10 Day High1.19
10 Day Low0.97
20 Day High1.28
20 Day Low0.97
52 Week High2.05
52 Week Low0.76
CS1 End1.05
CR1 Start1.12
Volume & EV
DER(3)10.8%
DER(5)16.02%
Volume173.40K
Volume Incr43.47%
Vol(5)275.96K
Vol(50)254.67K