Alussa Energy Acquisition Corp Cl A (ALUS) Technical Analysis
NYSE:ALUS
Current stock price
ALUS Technical Rating and Analysis
Taking everything into account, ALUS scores 0 out of 10 in our technical rating. ALUS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 88% of all other stocks performed better in the past year than ALUS.
- ALUS is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so ALUS is lagging the market.
- In the last month ALUS has a been trading in the 9.29 - 10.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
ALUS Weekly and Daily overview Charts
ALUS Setup Rating and Analysis
ALUS has a poor technical rating and the quality of the setup is also not perfect 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
ALUS Support and Resistance Analysis
9.40
We found 1 important support area.
- Support @9.49 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.91 to 10.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
ALUS 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 ALUS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for ALUS is down. |
| ChartMill Relative Strength | 12.52 | NEGATIVE | ALUS has a low relative strength, it was outperformed by 87.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of ALUS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ALUS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ALUS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.11 | NEUTRAL | The RSI value for ALUS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests ALUS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.49 | NEUTRAL | The Stochastics value for ALUS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.9 | LOW VOLATILITY | The low ATR as a percentage value for ALUS suggests low volalility. |
ALUS Chart- and CandleStick Pattern Analysis
ALUS Technicals: Chart, Performance Metrics, Trend & Indicators
Alussa Energy Acquisition Corp Cl A
NYSE:ALUS (7/7/2021, 8:04:00 PM)
After market: 9.45 -0.05 (-0.53%)9.5
+0.1 (+1.06%)
Alussa Energy Acquisition Corp Cl A / ALUS TA FAQ
What is the ChartMill technical rating of Alussa Energy Acquisition Corp Cl A (ALUS) stock?
ChartMill assigns a technical rating of 0 / 10 to ALUS.
What is the current trend direction of Alussa Energy Acquisition Corp Cl A (ALUS) stock?
The current trend direction for Alussa Energy Acquisition Corp Cl A (ALUS) is Bearish.
What is the RSI signal for Alussa Energy Acquisition Corp Cl A (ALUS) stock?
Alussa Energy Acquisition Corp Cl A (ALUS) has an RSI value of 39.1147. This indicates that the stock is currently neutral.
What is the MACD signal for Alussa Energy Acquisition Corp Cl A (ALUS) stock?
The MACD indicator for Alussa Energy Acquisition Corp Cl A (ALUS) has a value of -0.0635267, indicating a bearish trend.
What are the support and resistance levels for Alussa Energy Acquisition Corp Cl A (ALUS) stock?
Alussa Energy Acquisition Corp Cl A (ALUS) has a support level at 9.49 and a resistance level at 9.91. Check the full technical report for our detailed analysis of ALUS support and resistance levels.