ALTRI Technical Analysis - TRILOGIQ

Technical Rating and Analysis

Overall ALTRI gets a technical rating of 0 out of 10. ALTRI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

89% of all other stocks performed better in the past year than ALTRI.

ALTRI is one of the lesser performing stocks in the Machinery industry. 66% of 105 stocks in the same industry do better.

ALTRI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

Warning: ALTRI has an average volume of 834 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month ALTRI has a been trading in a tight range between 5.20 and 5.50.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, ALTRI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 5.24, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.14

6.57

We found 1 important support area.

A support zone ranging from 5.19 to 5.24. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 4 important resistance areas.

A resistance zone ranging from 5.29 to 5.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @5.75 from a horizontal line in the daily time frame.
Resistance @6.30 from a horizontal line in the daily time frame.
Resistance @6.50 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 ALTRI.PA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ALTRI.PA is down.
ChartMill Relative Strength	11.09	NEGATIVE	ALTRI.PA has a low relative strength, it was outperformed by 88.91% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ALTRI.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALTRI.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ALTRI.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	42.92	NEUTRAL	The RSI value for ALTRI.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ALTRI.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	17.78	OVERSOLD	The low Stochastics value suggests ALTRI.PA may be oversold.
Average True Range in percent/ATR (20)	1.24	LOW VOLATILITY	The low ATR as a percentage value for ALTRI.PA suggests low volalility.
Average Directional Index/ADX (14)	14.46	NEGATIVE	The low ADX value for ALTRI.PA suggests a weak or negative trend.