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

Altium
+ Share

[Bullish]: WMA(5) is serving as a support line for Altium
Weighted Moving Average /
[Bullish]: WMA(5) is serving as a support line for Altium

[BULLISH]: Altium currently has a confirmed uptrend. Recent trading has caused the WMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on WMA5 is 0.7%.

Recent trading for Altium has surpassed the previous high by 1.2 %
High Price /
Recent trading for Altium has surpassed the previous high by 1.2 %

[BULLISH]: Altium current uptrend in the first timeframe. Currently, the HIGH is 1.2 %.

Short Trend /
Altium: Daily Uptrend has been confirmed

[BULLISH]: Altium is in an uptrend in the short term timeframe. The current rally number is 3 & the highest rally count for the LTM is 6

Fibonacci Extensions /
Altium has moved above the 161.8% extension level ($0) [Bearish]

Altium has moved above the 161.8% level ($0) [Bearish]. Look for a short limit order entry near this point. Exit price for ALU should be set @$0 & short position stoploss for Altium should be set at $0

Volume Rate of Change /
Altium currently has negative volume rate of change for -25

[BEARISH]: Altium currently has negative rate of change of -25%. This means the current volume is less than the price 14 days ago and therefore losing momentum. Currently, the return on momentum is 0.7%.

Momentum /
Momentum continues to rise for Altium signalling an uptrend will persist

[BULLISH]: Altium currently has positive momentum of 0.36. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 0.7%. The largest upward momentum rally for the last 3 months is 4 days producing a return of 4.5%%.

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Exponential Moving Average /
[Bullish]: EMA(5) is serving as a support line for Altium

[BULLISH]: Altium currently has a confirmed uptrend. Recent trading has caused the EMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is 0.7%.

Altium: Daily volume is 573444 [Higher Volume]
Volume /
Altium: Daily volume is 573444 [Higher Volume]

[BULLISH]: Altium current volume uptrend in the first timeframe. Volume for ALU is573444 (7.8).

Limit order for a long position has been identified for Altium [Bullish]
Woodie Pivot Point /
Limit order for a long position has been identified for Altium [Bullish]

Altium has broken the first Woodie resistance point ($14.162) [Bullish]. Look for a long limit order entry near this point. Exit price for ALU should be set @$14.401 & Stoploss for Altium should be set at $13.631

On Balance Volume /
Traders are currently accumulating Altium

[BULLISH]: Altium current price has highlighted recent accumulation. Currently, the OBV is 4.44049e+006.

Daily Volume Index /
DVI: Distribution still active for Altium

[BEARISH]: Altium current distribution has given weakness to the share price and the continuation of bearish trading conditions.

Open Tod Vs Close Tod /
ALU Over the last 12 months there has been 15 trading days with the opening price in the lower shadow & the closing the price in the lower shadow

[BEARISH]: Altium opened in the lower part of daily range at 20.8% & closed in the lower part of the trading range at 26%. This suggests the buyers have lost control. Over the last 12 months there has been 15 trading days with the opening price in the lower shadow & the closing the price in the lower shadow giving a confirmation ratio of 5.7%. Over the last month there has been 1 trading days with the opening price in the lower price range & the closing the price in the lower price range giving a confirmation ratio of 12.5%.

ALU: Price continues to move above the TMA(5) @$13.504
Triangular Moving Average /
ALU: Price continues to move above the TMA(5) @$13.504

[BULLISH]: Altium currently has a confirmed uptrend. Recent trading has caused the TMA 5 day average to exceed the closing price confirming the short term trend following indicator. Currently, the return on TMA5 is 0.7%.

[Neutral]: Altium current trading has moved to overbought status
Relative Strength Index /
[Neutral]: Altium current trading has moved to overbought status

[BEARISH]: Altium is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @78.1713

Close Tod Vs Range Tod /
Altium: Sellers are in control at the market close.

[BEARISH]: Altium sellers in control. This is the first day of seller commitment for Altium adding strength to an downtrend in the first timeframe & highlights the lack of commitment of buyers to carry positions overnight Over the last 12 months there has been 74 trading days with the closing price in the lower part of the range giving a confirmation ratio of 28.4%. Over the last month there has been 3 trading days with the closing price in the lower range giving a confirmation ratio of 37.5%. Currently this quarter, closing price has spent 3 days in the lower price range compared to 3 days in the upper range giving a ratio of 1x.

Range Tod Vs Range Yest /
Altium: Range Performance (-10.5)

ALU: Range today versus range yesterday Current Signal ->(1) 11 Jan: BEARISH (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH

Long positions for Altium should be set between $14.0875 & $14.305
Demarks Pivot Points /
Long positions for Altium should be set between $14.0875 & $14.305

Altium has broken the first DeMark resistance point ($14.0875) [Bullish]. Look for a long limit order entry near this point. Exit price for ALU should be set @$14.305 & Stoploss for Altium should be set at $13.92

[Buying Pressure]: Elders Force Index (4533) confirms bullish conditions are intact
Elders Force Index /
[Buying Pressure]: Elders Force Index (4533) confirms bullish conditions are intact

[BULLISH]: Altium current price has highlighted recent buying pressure. Currently, the Elders Force Index is 4533.

The SMA trend following signal is now active for Altium [Bullish]
Simple Moving Average /
The SMA trend following signal is now active for Altium [Bullish]

[BEARISH]: Altium currently has a confirmed downtrend. Recent trading has caused the SMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on SMA5 is 0.7%.

Chaikin Money Flow /
Altium continues negative divergence & potential shift in direction

ALU: Chaikin Oscillator Recent Trading -> (1) 11 Jan: -0.1 (2) 11 Jan: -0.13 (3) 11 Jan: -0.11

White Candle /
ALU Basic Candle: White

ALU: Basic Candlestick Current Signal -> (1) 11 Jan: BULLISH (2) 11 Jan: BULLISH (3) 11 Jan: BEARISH

Detrended Price Oscillator /
Altium: Detrended Price Oscillator(20) (0.8325)

[BULLISH]: Altium currently has a confirmed uptrend. Price is currently above the displaced moving average for ALUCurrently, the return on DPO20 is 0.7%.

Percentage Price /
PPO: The shorter moving average for ALUis now above the longer term moving average

[BULLISH CROSSOVER]: Altium currently has positive PPO 1.700%. This means the current price is gaining momentum through a rise on the short term exponential moving average.

Daily trading produced a rally day for Altium
Coles Reaction Day /
Daily trading produced a rally day for Altium

Altium: Coles Rally Day has been confirmed A higher high has been achieved for last trading day for ALU

Aroon Oscillator /
[Uptrend]: Aroon oscillator (92) strong uptrend has been confirmed for ALU

ALU: Aroon Oscillator Current Signal -> (1) 11 Jan: BULLISH STRONG (2) 11 Jan: BULLISH STRONG (3) 11 Jan: BULLISH STRONG

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