WT ALUMINIUM (ALUM.MI) Stock Technical Analysis
BIT:ALUM - Euronext Milan - GB00B15KXN58 - ETF - Currency: EUR
We assign a technical rating of 1 out of 10 to ALUM. ALUM 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.
69% of all other stocks performed better in the past year than ALUM.
ALUM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
ALUM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALUM is lagging the market.
Although the technical rating is bad, ALUM does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 2.94. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for ALUM in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.60
3.33
3 important support areas can be observed.
- A support zone ranging from 2.88 to 2.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.72 to 2.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.63 to 2.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 2.94 to 2.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.06 from a trend line in the weekly time frame.
- Strong resistance @3.30 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 | DOWN | NEGATIVE | The long term trend for ALUM.MI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALUM.MI is neutral. |
| ChartMill Relative Strength | 31.82 | NEUTRAL | ALUM.MI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALUM.MI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALUM.MI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALUM.MI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.3 | NEUTRAL | The RSI value for ALUM.MI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests ALUM.MI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.55 | NEUTRAL | The Stochastics value for ALUM.MI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.33 | LOW VOLATILITY | The low ATR as a percentage value for ALUM.MI suggests low volalility. |
| Average Directional Index/ADX (14) | 14.98 | NEGATIVE | The low ADX value for ALUM.MI 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)
BIT:ALUM (8/7/2025, 7:00:00 PM)
2.926
+0.03 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.86%
1 Week-1.03%
2 Weeks2.38%
1 Month0.86%
3 Month-7.45%
6 Month-6.19%
12 Month5.42%
2 Year7.42%
3 Year-11.02%
5 Year37.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%1.33%
ATR Inc14.36%
Range Today0.01
ADR(20)0.03
ADR(20)%0.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.82
Mansfield-1.27
10 Day High2.97
10 Day Low2.87
20 Day High2.97
20 Day Low2.77
52 Week High3.41
52 Week Low2.66
CS1 End2.92
CR1 Start2.94
Volume & EV
DER(3)16.15%
DER(5)21.59%
Volume55.27K
Volume Incr-66.4%
Vol(5)17.14K
Vol(50)40.22K