Taking everything into account, ALTO scores 9 out of 10 in our technical rating. 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.
Although ALTO has an excellent technical rating, it does not present a decent entry opportunity 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
1.02
We found 1 important support area.
- Support @1.03 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 | 96.96 | POSITIVE | ALTO has a high relative strength, it outperformed 96.96% 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) | 81.77 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 90.2 | OVERBOUGHT | The high Stochastics value suggests ALTO may be overbought. |
| Average True Range in percent/ATR (20) | 8.87 | HIGH VOLATILITY | The high ATR as a percentage value for ALTO suggests high volalility. |
| Average Directional Index/ADX (14) | 55.28 | POSITIVE | The high ADX value value for ALTO suggests a strong trend. |
2.56
-0.07 (-2.66%)
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 81.7698. 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 1.03. Check the full technical report for our detailed analysis of ALTO support and resistance levels.