Alussa Energy Acquisition Corp Cl A (ALUS) Stock Technical Analysis
USA - NYSE:ALUS -
Taking everything into account, ALUS scores 0 out of 10 in our technical rating. ALUS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
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
9.40
We found 1 important support area.
- Support @9.49 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important 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.
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. |
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 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.
Can you provide the trend direction for Alussa Energy Acquisition Corp Cl A?
The current trend direction for Alussa Energy Acquisition Corp Cl A (ALUS) is Bearish.
Can you provide the RSI signal for Alussa Energy Acquisition Corp Cl A?
Alussa Energy Acquisition Corp Cl A (ALUS) has an RSI value of 39.1147. This indicates that the stock is currently neutral.
Can you provide the MACD signal for Alussa Energy Acquisition Corp Cl A?
The MACD indicator for Alussa Energy Acquisition Corp Cl A (ALUS) has a value of -0.0635267, indicating a bearish trend.
What is the support and resistance level for 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.