ALTRI SGPS SA (ALTR.LS) Stock Technical Analysis
ELI:ALTR - Euronext Lisbon - PTALT0AE0002 - Common Stock - Currency: EUR
Taking everything into account, ALTR scores 6 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
ALTR is part of the Paper & Forest Products industry. There are 11 other stocks in this industry. ALTR outperforms 80% of them.
ALTR is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so ALTR is performing more or less in line with the market.
In the last month ALTR has a been trading in the 6.02 - 6.56 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that ALTR is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Although the technical rating is only medium, ALTR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 6.13, a Stop Loss order could be placed below this zone.
More info and screens
4.74
6.33
When analyzing the support we can see 5 important areas.
- A support zone ranging from 6.07 to 6.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.83 to 5.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.33 from a trend line in the daily time frame.
- Support @5.20 from a trend line in the weekly time frame.
- Support @4.79 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.24 to 6.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 ALTR.LS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALTR.LS is neutral. |
| ChartMill Relative Strength | 80.97 | POSITIVE | ALTR.LS has a high relative strength, it outperformed 80.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALTR.LS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALTR.LS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALTR.LS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.02 | NEUTRAL | The RSI value for ALTR.LS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ALTR.LS has a negative trend. |
| Stochastics (14,3) | 18.92 | OVERSOLD | The low Stochastics value suggests ALTR.LS may be oversold. |
| Average True Range in percent/ATR (20) | 2.29 | MEDIUM VOLATILITY | The ATR as a percentage value for ALTR.LS suggests some volalility. |
| Average Directional Index/ADX (14) | 11.17 | NEGATIVE | The low ADX value for ALTR.LS suggests a weak or negative 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)
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 |
|---|---|---|---|
| 6.28 | 6.08 | 0.20 (3.18%) | 25.00% |
| An entry @6.28. This is a Buy Stop order right above the resistance zone. | An exit @6.08. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.20 points, which is 3.18%. | For a 0.80% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALTR. Please evaluate whether better entry and exit points can be found.
- 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.
ELI:ALTR (5/22/2025, 3:37:47 PM)
6.22
+0.07 (+1.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg1.14%
1 Week-4.65%
2 Weeks-0.98%
1 Month-2.35%
3 Month1.32%
6 Month22.27%
12 Month16.48%
2 Year49.05%
3 Year1.49%
5 Year48.62%
10 Year61.84%
15 Year56.61%
Volatility
ATR(14)0.14
ATR(20)%2.29%
ATR Inc-40.97%
Range Today0.18
ADR(20)0.13
ADR(20)%2.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.97
Mansfield1.03
10 Day High6.56
10 Day Low6.09
20 Day High6.56
20 Day Low6.02
52 Week High6.56
52 Week Low4.7
CS1 End6.13
CR1 Start6.19
Volume & EV
DER(3)0.4%
DER(5)0.3%
Volume46.61K
Volume Incr-10.86%
Vol(5)414.73K
Vol(50)418.06K