USCF ALUMINUM STRATEGY FUND (ALUM) Technical Analysis
NYSEARCA:ALUM • US90290T8172
Current stock price
ALUM Technical Rating and Analysis
Overall ALUM gets a technical rating of 6 out of 10. ALUM has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- Warning: ALUM has an average volume of 330 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- ALUM 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 ALUM is lagging the market slightly.
- In the last month ALUM has a been trading in the 31.07 - 35.64 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, ALUM turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
- Considerably lower volume is observed in the last couple of days.
ALUM Weekly and Daily overview Charts
ALUM Setup Rating and Analysis
ALUM has an average technical rating and it also does not offer a high 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
ALUM Support and Resistance Analysis
27.89
3 important support areas can be observed.
- A support zone ranging from 31.54 to 31.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.09 to 29.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 28.17 to 28.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @34.66 from a horizontal line in the weekly time frame.
ALUM 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 ALUM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ALUM is neutral. |
| ChartMill Relative Strength | 44.04 | NEUTRAL | ALUM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALUM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ALUM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALUM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.36 | NEUTRAL | The RSI value for ALUM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests ALUM has a negative trend. |
| Stochastics (14,3) | 40.92 | NEUTRAL | The Stochastics value for ALUM is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for ALUM suggests some volalility. |
| Average Directional Index/ADX (14) | 21.73 | NEUTRAL | The ADX value for ALUM suggests a possible start of a new trend. |
ALUM Chart- and CandleStick Pattern Analysis
ALUM Technicals: Chart, Performance Metrics, Trend & Indicators
NYSEARCA:ALUM (10/11/2024, 8:04:02 PM)
33.205
-0.02 (-0.07%)
USCF ALUMINUM STRATEGY FUND / ALUM TA FAQ
What is the technical rating for ALUM stock?
ChartMill assigns a technical rating of 6 / 10 to ALUM.
What is the trend direction for ALUM stock?
The current trend direction for USCF ALUMINUM STRATEGY FUND (ALUM) is Bullish.
Can you provide the RSI signal for USCF ALUMINUM STRATEGY FUND?
USCF ALUMINUM STRATEGY FUND (ALUM) has an RSI value of 55.3612. This indicates that the stock is currently neutral.
Can you provide the MACD signal for USCF ALUMINUM STRATEGY FUND?
The MACD indicator for USCF ALUMINUM STRATEGY FUND (ALUM) has a value of -0.0683441, indicating a bearish trend.