Alussa Energy Acquisition Corp Cl A (ALUS) Stock Technical Analysis
USA - NYSE:ALUS -
9.5
+0.1 (+1.06%)
9.45
-0.05 (-0.53%)
Overall ALUS gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, ALUS is a bad performer in the overall market: 88% of all stocks are doing better.
ALUS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
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 has a poor technical rating and the quality of the setup is also 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
9.40
10.20
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.
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. |
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)
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%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.06%
1 Week-5.28%
2 Weeks-5.47%
1 Month-5.47%
3 Month-5.94%
6 Month-6.68%
12 Month-5.28%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%1.9%
ATR Inc52.84%
Range Today0.25
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.52
Mansfield-2.05
10 Day High10.08
10 Day Low9.29
20 Day High10.13
20 Day Low9.29
52 Week High15.28
52 Week Low9.29
CS1 End9.49
CR1 Start9.91
Volume & EV
DER(3)0.23%
DER(5)-4.02%
Volume256.50K
Volume Incr-71.33%
Vol(5)273.42K
Vol(50)648.93K