Technical analysis from ALS (ALQ.AX.AX, ASX:ALQ.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

ALS
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Closing price for ALQ ($7.18) signals sellers are still keener than buyers
Close Tod Vs Close Yest /
Closing price for ALQ ($7.18) signals sellers are still keener than buyers

[BEARISH]: ALSsellers are keener than buyers and are driving the price down. There has been 2 consecutive days of price decline for ALQ adding strength to a downtrend in the first timeframe. The biggest downward movement this month has been -0.8 & the greatest daily negative change this year has been -0.8. The longest consecutive downswing rally over the last 12 months has been 6 days giving a total rally downward movement of -9.4%. This quarter, the largest downswing rally has been 2 days giving a total rally downward movement of -1.2%. The loss ratio for price rise in the first timeframe for the last 12 months is 0.5x giving a total win/loss ratio of 1x. Over the last month the average daily downward movement has been -0.5%

[Bearish]: Lower close has formed for ALQ by -0.4 % during the last trading session
Closing Price /
[Bearish]: Lower close has formed for ALQ by -0.4 % during the last trading session

ALQ: CLOSE Current Signal -> (1) 11 Jan: BEARISH (2) 10 Jan: BEARISH (3) 09 Jan: BULLISH

Momentum /
Positive momentum confirmation for ALS is a leading indicator for continued price rise

[BULLISH CROSSOVER]: ALS currently has positive momentum of 0.06. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is -0.4%. The largest upward momentum rally for the last 3 months is 6 days producing a return of 2.2%%.

Sine Weighted Moving Average /
[Bearish]: SWMA(5) is serving as a resistance line for ALS

[BEARISH]: ALS currently has a confirmed downtrend. Recent trading has caused the SWMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SWMA5 is -0.4%.

Aroon Oscillator /
Daily bar has confirmed has confirmed an Aroon strong uptrend is intact for ALQ

ALQ: Aroon Oscillator Recent Trading -> (1) 11 Jan: 76 (2) 11 Jan: 52 (3) 11 Jan: 52

Volume Rate of Change /
ALS currently has negative volume rate of change for -55

[BEARISH]: ALS currently has negative rate of change of -55%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is -0.4%.

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Percentage Price /
ALS: Price Percentage Oscillator (-0.100)

ALQ: PPO Current Signal -> (1) 11 Jan: BEARISH (2) 11 Jan: BEARISH (3) 11 Jan: BULLISH CROSSOVER

ALQ: Average Directional Index has confirmed a weak trend @17.55
Average Directional Movement /
ALQ: Average Directional Index has confirmed a weak trend @17.55

[Weak Trend]: ADX for ALQ has confirmed a weak trend is presentALS has an ATR(14) of 0.186, a DX of 8.07 & an ADX(14) of 17.55

ALS has broken the first DeMark support point ($7.1775) [Bearish]
Demarks Pivot Points /
ALS has broken the first DeMark support point ($7.1775) [Bearish]

ALS current pivot point (DeMark) is: (R1) $7.385. The current pivot point (DeMark) is: (S1) $7.075.

Detrended Price Oscillator /
Bullish trading conditions for ALS has initiated a bullish crossover from the DPO (0.2675)

[BULLISH]: ALS currently has a confirmed uptrend. Price is currently above the displaced moving average for ALQCurrently, the return on DPO20 is -0.4%.

Rate of Change /
Rate of change is now rising for ALS signalling an uptrend will persist

[BULLISH CROSSOVER]: ALS currently has positive rate of change of 4.1%. This means the current price is greater than the price 14 days ago and therefore gaining momentum & is a leading indicator of price movement in the upward direction

Simple Moving Average /
Simple Moving Average(5) signal continues for ALS indicating downward price movement is likely

[BULLISH]: ALS currently has a confirmed uptrend. Recent trading has caused the SMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is -0.4%.

Price continues to trade below the Exponential Moving Average(5) for ALQ
Exponential Moving Average /
Price continues to trade below the Exponential Moving Average(5) for ALQ

ALQ: EMA(5) Recent Trading -> (1) 11 Jan: 7.19285 (2) 11 Jan: 22.83 (3) 11 Jan: 0.348038

Ulcer index has reduced in stress level & low drawdown is expected for ALS
Ulcer Index /
Ulcer index has reduced in stress level & low drawdown is expected for ALS

[BEARISH]: ALS UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 1.34.

Williams %R /
William %R oversold signal has just been neutralized for ALS

ALQ: William %R Current Signal -> (1) 11 Jan: BEARISH CROSSUNDER (2) 11 Jan: BULLISH CROSSOVER (3) 11 Jan: NEUTRAL

Camarilla Pivot Points /
ALS has moved below the S1 Camarilla pivot point ($6.585) [Bearish]

ALS has broken the first Camarilla support point ($6.585) [Bearish]. Look for a short limit order entry near this point. Exit price for ALQ should be set @$5.989 & short position stoploss for ALS should be set between $8.37 & $8.966

Elders Force Index /
ALS: Direction, extent & volume have increased in recent trading [Buying Pressure]

ALQ: Elders Force Index Current Signal -> (1) 11 Jan: BULLISH CROSSOVER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: BULLISH

Weighted Moving Average(5) signal continues for ALS indicating downward price movement is likely
Weighted Moving Average /
Weighted Moving Average(5) signal continues for ALS indicating downward price movement is likely

[BEARISH]: ALS currently has a confirmed downtrend. Recent trading has caused the WMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is -0.4%.

ALQ Basic Candle: White
White Candle /
ALQ Basic Candle: White

[BULLISH]: ALS has formed a White candlestick. Normal buying pressure highlighting buyers were in control.

ALS: Uptrend for the medium term trend is continued
Medium Trend /
ALS: Uptrend for the medium term trend is continued

ALQ: Medium Term Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH CONFIRM (3) 11 Jan: BEARISH CONFIRM

Percentage Volume /
ALS: Percentage Volume Oscillator @-13.9 [Bearish]

[BEARISH]: ALS currently has negative PVO -13.9%. The recent volume is losing momentum through a fall on the short term exponential moving average. Currently, the return on PVO is 2.5%.

MACD Volume /
Positive momentum on the volume MACD histogram for ALQ is maintained & supports a bullish move is likely

ALQ: Volume MACD Recent Trading -> (1) 11 Jan: 52331 (2) 11 Jan: 121271 (3) 11 Jan: 38363

Fibonacci Extensions /
The 161.8% Fibonacci extension level for ALQ has moved to the upper limit. Stoploss should be positioned @$0.77

ALS has moved above the 161.8% level ($3.43) [Bearish]. Look for a short limit order entry near this point. Exit price for ALQ should be set @$6.09 & short position stoploss for ALS should be set at $0.77

Ease of Movement /
Price moved on high volume to close lower for the day for ALQ [Difficult to Move]

ALQ: EOM Current Signal -> (1) 11 Jan: BEARISH HARD (2) 11 Jan: BEARISH EASY (3) 11 Jan: BEARISH HARD

The markets willingness to move the price is like to continue for ALQ
Bill Williams Market Facilitation /
The markets willingness to move the price is like to continue for ALQ

ALS Currently is a confirmed Green Day. Both MFI & volume are down for ALQ. Trend continuation likely for ALQ from increased trading activity.

Average True Range for ALS has signalled an downtrend is active
Average True Range /
Average True Range for ALS has signalled an downtrend is active

[Bearish]: Average True Range has confirmed an downtrend is present. ALS has a TR of 0.31, and an ATR(14) of 0.186.

Stochastic Oscillator /
ALS is no longer oversold [Neutral]

ALQ: Stochastic Oscillator Signal -> (1) 11 Jan: BULLISH CROSSUNDER (2) 11 Jan: BEARISH CROSSOVER (3) 11 Jan: NEUTRAL

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