ALYA Technical Analysis - ALITHYA GROUP INC-CLASS A

Technical Rating and Analysis

Taking everything into account, ALYA scores 3 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. ALYA was also a bad performer in the overall market in the last year.

84% of all other stocks performed better in the past year than ALYA.

The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

ALYA is an average performer in the IT Services industry, it outperforms 41% of 13 stocks in the same industry.

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

In the last month ALYA has a been trading in the 1.63 - 2.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

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

ALYA 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

1.52

2.57

4 important support areas can be observed.

A support zone ranging from 1.89 to 1.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @1.66 from a trend line in the daily time frame.
Support @1.61 from a trend line in the weekly time frame.
Support @1.54 from a horizontal line in the weekly time frame.

3 important resistance areas can be observed.

Resistance @2.09 from a trend line in the daily time frame.
Resistance @2.16 from a horizontal line in the daily time frame.
Resistance @2.54 from a horizontal line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	NEUTRAL	NEUTRAL	The long term trend for ALYA.CA is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for ALYA.CA is up.
ChartMill Relative Strength	16.64	NEGATIVE	ALYA.CA has a low relative strength, it was outperformed by 83.36% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of ALYA.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of ALYA.CA is above a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of ALYA.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	55.97	NEUTRAL	The RSI value for ALYA.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests ALYA.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	51.28	NEUTRAL	The Stochastics value for ALYA.CA is a neutral value.
Average True Range in percent/ATR (20)	5.41	HIGH VOLATILITY	The high ATR as a percentage value for ALYA.CA suggests high volalility.
Average Directional Index/ADX (14)	34.69	POSITIVE	The high ADX value value for ALYA.CA suggests a strong trend.