AUUA Technical Analysis - ALUULA COMPOSITES INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to AUUA. Both in the recent history as in the last year, AUUA has proven to be a steady performer, scoring decent points in every aspect analyzed.

Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.

Both the short term and long term trends are positive. This is a very positive sign.

AUUA is part of the Chemicals industry. There are 29 other stocks in this industry. AUUA outperforms 96% of them.

A new 52 week high is currently being made by AUUA, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month AUUA has a been trading in the 1.27 - 2.00 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, AUUA did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

ALUULA COMPOSITES INC / AUUA Weekly stock chart

ALUULA COMPOSITES INC / AUUA Daily stock chart

Setup Rating and Analysis

Although AUUA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.36

2.02

We found 2 important support areas.

Support @1.74 from a trend line in the daily time frame.
A support zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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 AUUA.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for AUUA.CA is up.
ChartMill Relative Strength	99.79	POSITIVE	AUUA.CA has a high relative strength, it outperformed 99.79% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of AUUA.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of AUUA.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of AUUA.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	71.54	OVERBOUGHT	The high RSI value suggests AUUA.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests AUUA.CA has a positive trend.
Stochastics (14,3)	97.62	OVERBOUGHT	The high Stochastics value suggests AUUA.CA may be overbought.
Average True Range in percent/ATR (20)	5.25	HIGH VOLATILITY	The high ATR as a percentage value for AUUA.CA suggests high volalility.
Average Directional Index/ADX (14)	32.39	POSITIVE	The high ADX value value for AUUA.CA suggests a strong trend.