ALYA Technical Analysis - ALITHYA GROUP INC-CLASS A

Technical Rating and Analysis

Taking everything into account, ALYA scores 0 out of 10 in our technical rating. ALYA'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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, ALYA is a bad performer in the overall market: 91% of all stocks are doing better.

ALYA is part of the IT Services industry. There are 12 other stocks in this industry, of which 81% are performing better than ALYA.

ALYA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

ALYA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALITHYA GROUP INC-CLASS A / ALYA Weekly stock chart

ALITHYA GROUP INC-CLASS A / ALYA Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, ALYA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.52

2.57

We found 3 important support areas.

Support @1.64 from a trend line in the daily time frame.
A support zone ranging from 1.59 to 1.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 1.54 to 1.55. This zone is formed by a combination of multiple trend lines in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 1.70 to 1.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @2.54 from a horizontal line in the daily time frame.

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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	DOWN	NEGATIVE	The long term trend for ALYA.CA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for ALYA.CA is down.
ChartMill Relative Strength	9.2	NEGATIVE	ALYA.CA has a low relative strength, it was outperformed by 90.8% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of ALYA.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of ALYA.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of ALYA.CA is below a declining SMA(200).
Relative Strength Index/RSI (14)	31.6	NEUTRAL	The RSI value for ALYA.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests ALYA.CA has a positive trend.
Stochastics (14,3)	38.36	NEUTRAL	The Stochastics value for ALYA.CA is a neutral value.
Average True Range in percent/ATR (20)	4.12	MEDIUM VOLATILITY	The ATR as a percentage value for ALYA.CA suggests some volalility.
Average Directional Index/ADX (14)	38.52	POSITIVE	The high ADX value value for ALYA.CA suggests a strong trend.