ALV Technical Analysis - AUTOLIV INC

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to ALV. ALV has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.

In the last month ALV has a been trading in the 115.01 - 129.54 range, which is quite wide. It is currently trading near the lows of this range.

ALV 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 ALV is lagging the market slightly.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

Looking at the yearly performance, ALV did better than 72% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

ALV is part of the Automobile Components industry. There are 83 other stocks in this industry, ALV did better than 65% of them.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

ALV has an average technical rating and the quality of the presented setup is also not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

114.43

129.29

When analyzing the support we notice one important area.

A support zone ranging from 115.59 to 117.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 127.57 to 128.01. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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 ALV is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ALV is down.
ChartMill Relative Strength	72.59	POSITIVE	ALV has a high relative strength, it outperformed 72.59% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ALV is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of ALV is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ALV is above the rising SMA(200).
Relative Strength Index/RSI (14)	40.45	NEUTRAL	The RSI value for ALV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.63	NEGATIVE	The MACD value suggests ALV has a negative trend, although the MACD value is rising.
Stochastics (14,3)	26.71	NEUTRAL	The Stochastics value for ALV is a neutral value.
Average True Range in percent/ATR (20)	2.41	MEDIUM VOLATILITY	The ATR as a percentage value for ALV suggests some volalility.
Average Directional Index/ADX (14)	25.86	POSITIVE	The high ADX value value for ALV suggests a strong trend.