ALTUS STRATEGIES PLC (ALTS.CA) Stock Technical Analysis
Canada - TSX Venture Exchange - TSX-V:ALTS - GB00BJ9TYB96 - Common Stock
Taking everything into account, ALTS scores 0 out of 10 in our technical rating. ALTS 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 70% of all other stocks performed better in the past year than ALTS.
- ALTS is part of the Metals & Mining industry. There are 820 other stocks in this industry, of which 82% are performing better than ALTS.
- ALTS 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.
- Warning: ALTS has an average volume of 9396 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month ALTS has a been trading in the 0.65 - 0.79 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of ALTS 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
0.64
When analyzing the support we notice one important area.
- A support zone ranging from 0.65 to 0.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.76 to 0.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.88 from a trend line in the daily time frame.
- Resistance @1.04 from a horizontal line in the daily time frame.
- Resistance @1.11 from a horizontal line in the daily time frame.
- Resistance @1.26 from a trend line in the weekly 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 ALTS.CA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALTS.CA is neutral. |
| ChartMill Relative Strength | 30.99 | NEUTRAL | ALTS.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of ALTS.CA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALTS.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALTS.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.48 | NEUTRAL | The RSI value for ALTS.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests ALTS.CA has a positive trend. |
| Stochastics (14,3) | 86.97 | OVERBOUGHT | The high Stochastics value suggests ALTS.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for ALTS.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.26 | NEUTRAL | The ADX value for ALTS.CA suggests a possible start of a new trend. |
TSX-V:ALTS (8/15/2022, 7:00:00 PM)
0.75
+0.03 (+4.17%)
ALTUS STRATEGIES PLC / ALTS.CA FAQ
Can you provide the ChartMill technical rating for ALTUS STRATEGIES PLC?
ChartMill assigns a technical rating of 0 / 10 to ALTS.CA.
Can you provide the trend direction for ALTUS STRATEGIES PLC?
The current trend direction for ALTUS STRATEGIES PLC (ALTS.CA) is Bearish.
Can you provide the RSI signal for ALTUS STRATEGIES PLC?
ALTUS STRATEGIES PLC (ALTS.CA) has an RSI value of 51.4784. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ALTUS STRATEGIES PLC?
The short term momentum for ALTUS STRATEGIES PLC (ALTS.CA) is neutral.
Can you provide the support and resistance levels for ALTUS STRATEGIES PLC?
ALTUS STRATEGIES PLC (ALTS.CA) has a support level at 0.67 and a resistance level at 0.76. Check the full technical report for our detailed analysis of ALTS.CA support and resistance levels.