ALX Technical Analysis - ALUMEXX N.V.

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to ALX. In the last year, ALX was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

Warning: ALX has an average volume of 2540 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 may just continue or reversal may be around the corner!

ALX is one of the better performing stocks in the Building Products industry, it outperforms 72% of 23 stocks in the same industry.

In the last month ALX has a been trading in the 1.37 - 1.47 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

When comparing the performance of all stocks over the past year, ALX turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.

ALX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALX is lagging the market.

Considerably lower volume is observed 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

ALX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.41, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.21

1.53

We found 5 important support areas.

A support zone ranging from 1.40 to 1.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @1.33 from a trend line in the weekly time frame.
A support zone ranging from 1.28 to 1.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @1.25 from a horizontal line in the weekly time frame.
Support @1.22 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 1.42 to 1.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.51 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

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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 ALX.AS is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for ALX.AS is neutral.
ChartMill Relative Strength	40.11	NEUTRAL	ALX.AS is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of ALX.AS is below the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALX.AS is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ALX.AS is above the rising SMA(200).
Relative Strength Index/RSI (14)	48.41	NEUTRAL	The RSI value for ALX.AS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests ALX.AS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	66.67	NEUTRAL	The Stochastics value for ALX.AS is a neutral value.
Average True Range in percent/ATR (20)	2.32	MEDIUM VOLATILITY	The ATR as a percentage value for ALX.AS suggests some volalility.
Average Directional Index/ADX (14)	11.02	NEGATIVE	The low ADX value for ALX.AS suggests a weak or negative trend.