GLOBAL X ALTERNATIVE INCOME (ALTY) Technical Analysis
NASDAQ:ALTY • US37954Y8066
Current stock price
ALTY Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to ALTY. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALTY is only an average performer.
- Warning: ALTY has an average volume of 18868 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Both the short term and long term trends are positive. This is a very positive sign.
- ALTY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so ALTY is lagging the market slightly.
- When compared to the yearly performance of all other stocks, ALTY outperforms 45% of them, which is more or less in line with the market.
- In the last month ALTY has a been trading in a tight range between 11.84 and 12.41.
ALTY Weekly and Daily overview Charts
ALTY Setup Rating and Analysis
ALTY has an excellent technical rating, but the quality of the setup is only medium 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
ALTY Support and Resistance Analysis
10.90
We found 4 important support areas.
- A support zone ranging from 11.79 to 12.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong support @11.59 from a horizontal line in the daily time frame.
- Support @11.26 from a horizontal line in the weekly time frame.
- Support @11.01 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 12.36 to 12.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
ALTY 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 | UP | POSITIVE | The long term trend for ALTY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALTY is up. |
| ChartMill Relative Strength | 45.52 | NEUTRAL | ALTY is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALTY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALTY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALTY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.43 | NEUTRAL | The RSI value for ALTY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests ALTY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.85 | OVERBOUGHT | The high Stochastics value suggests ALTY may be overbought. |
| Average True Range in percent/ATR (20) | 0.78 | LOW VOLATILITY | The low ATR as a percentage value for ALTY suggests low volalility. |
| Average Directional Index/ADX (14) | 23.3 | NEUTRAL | The ADX value for ALTY suggests a possible start of a new trend. |
ALTY Chart- and CandleStick Pattern Analysis
ALTY Example Setup
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 |
|---|---|---|---|
| 12.54 | 12.02 | 0.52 (4.15%) | 24.12% |
| An entry @12.54. This is a Buy Stop order right above the resistance zone. | An exit @12.02. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.52 points, which is 4.15%. | When investing 24.12% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
ALTY Technicals: Chart, Performance Metrics, Trend & Indicators
12.347
-0.02 (-0.15%)
GLOBAL X ALTERNATIVE INCOME / ALTY TA FAQ
Can you provide the ChartMill technical rating for GLOBAL X ALTERNATIVE INCOME?
ChartMill assigns a technical rating of 7 / 10 to ALTY.
Can you provide the trend direction for GLOBAL X ALTERNATIVE INCOME?
The current trend direction for GLOBAL X ALTERNATIVE INCOME (ALTY) is Bullish.
What is the RSI signal for GLOBAL X ALTERNATIVE INCOME (ALTY) stock?
GLOBAL X ALTERNATIVE INCOME (ALTY) has an RSI value of 62.4311. This indicates that the stock is currently neutral.
What is the short term momentum for ALTY stock?
The short term momentum for GLOBAL X ALTERNATIVE INCOME (ALTY) is positive.
What is the buy/sell signal for ALTY stock?
The buy/sell signal for GLOBAL X ALTERNATIVE INCOME (ALTY) is buy as both the short term and long term trends are positive.