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

Altium
+ Share

Altium: Daily Uptrend remains intact
Short Trend /
Altium: Daily Uptrend remains intact

[BULLISH]: Altium is in an uptrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 6

Altium is being actively accumulated based on OBV
On Balance Volume /
Altium is being actively accumulated based on OBV

[BULLISH]: Altium current price has highlighted recent accumulation. Currently, the OBV is 7.11044e+006.

Relative Strength Index /
Relative Strength Overbought signal is still current for Altium [Bearish]

[BEARISH]: Altium is currently Overbought highlighting the potential for a short term trend reversal in the downward direction. RSI is currently overbought @81.3

Pivot Points /
Altium has moved above the R1 pivot point ($25.276) [Bullish]

Altium has broken the first resistance point ($25.276) [Bullish]. Look for a long limit order entry near this point. Exit price for ALU should be set @$25.613 & Stoploss for Altium should be set between $23.833 & $23.496

Close Tod Vs Range Tod /
Trading for Altium highlights the commitment of buyers to carry positions overnight.

ALU: Close versus price range Current Signal ->(1) 21 Jun: BULLISH (2) 20 Jun: NEUTRAL (3) 19 Jun: BEARISH

Close Tod Vs Close Yest /
Daily trading performance for ALU has continued a short term uptrend

[BULLISH]: Altiumbuyers are keener than sellers and are driving the price up. There has been 2 consecutive days of price rise for ALU adding strength to an uptrend in the first timeframe. The biggest upward movement this month has been 4.5 & the greatest daily positive change this year has been 26.7. The longest consecutive upswing rally over the last 12 months has been 7 days giving a total rally upward movement of 33.2%. This quarter, the largest upswing rally has been 6 days giving a total rally upward movement of 9.1%. The win ratio for price rise in the first timeframe for the last 12 months is 0.6x giving a total win/loss ratio of 1.4x. Over the last month the average daily upward movement has been 2.000000%

ALU: Average Directional Index has confirmed a weak trend @21.68
Average Directional Movement /
ALU: Average Directional Index has confirmed a weak trend @21.68

[Weak Trend]: ADX for ALU has confirmed a weak trend is present. Altium has an ATR(14) of 0.712, a DX of 45.24 & an ADX(14) of 21.68

Advertisment
Average True Range /
Daily bar has confirmed has confirmed an ATR uptrend is intact for ALU

[Bullish]: Average True Range has confirmed an uptrend is present. Altium has a TR of 1.19, and an ATR(14) of 0.712.

Altium is still overbought with the Upper Envelope Band @$23.73
Moving Average Envelope /
Altium is still overbought with the Upper Envelope Band @$23.73

[BEARISH]: Altium current trading has maintained the Envelope Bands to overbought status and signalled the continuation of the bearish trading conditions. Currently, the Upper Band is 23.73.

Trading session closed higher on low volume for Altium [Bullish]
Ease of Movement /
Trading session closed higher on low volume for Altium [Bullish]

ALU: EOM Recent Trading -> (1) 21 Jun: 78.368 (2) 20 Jun: 51.424 (3) 19 Jun: 15.314

MACD Volume /
Altium: Volume MACD oscillator (14442)

ALU: Volume MACD Current Signal -> (1) 21 Jun: BULLISH CROSSOVER (2) 20 Jun: BEARISH (3) 19 Jun: BEARISH

Money Flow Index /
Buying pressure has led to a continued price extreme (overbought) for ALU

[BULLISH]: Altium current trading has maintained the money flow index oversold status and signalled the continuation of the bullish trading conditions. Currently, the MFI is 89.6. The bullish signal has been active for 0 days. During the quarter, the lowest MFI value was 22.9.

White Candle /
ALU Basic Candle: White

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

Strong price performance from ALU has seen a higher high of 2.9 % [Uptrend]
High Price /
Strong price performance from ALU has seen a higher high of 2.9 % [Uptrend]

[BULLISH]: Altium current uptrend in the first timeframe. Currently, the HIGH is 2.9 %.

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

[BULLISH]: Altium current price has highlighted recent buying pressure. Currently, the Elders Force Index is 209009.

Fibonacci Extensions /
The 161.8% Fibonacci extension level for ALU has moved to the upper limit. Stoploss should be positioned @$0.25

Altium has moved above the 161.8% level ($0.2) [Bearish]. Look for a short limit order entry near this point. Exit price for ALU should be set @$0.14 & short position stoploss for Altium should be set at $0.25

Medium Trend /
Altium has maintained the 2nd timeframe trend [Uptrend]

[BULLISH]: Altium has a medium timeframe uptrend confirmation. This was confirmed through a price breakout on the Jun 14 2018.

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

[BULLISH]: Altium current price has highlighted recent buying pressure and the continuation of a bullish trading conditions. Currently, the CMF is 0.19. ALU received a confirmed CMF crossover days on the Jun 6 2018. The bullish signal has been active for 1 day. During the quarter, the highest CMF value was 0.19 occurring on the Jun 6 2018.

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

[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 4.5%.

Range for ALU has surpassed the range of the previous trading session
Price Range /
Range for ALU has surpassed the range of the previous trading session

[BULLISH]: Altium current uptrend in the first timeframe. Currently, the Range is $0.89.

Altium: Percentage Volume Oscillator (8.77)
Percentage Volume /
Altium: Percentage Volume Oscillator (8.77)

[BULLISH]: Altium currently has positive PVO 8.77%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is 11%.

Range Tod Vs Range Yest /
Expanding price range for ALU signalling buyers continue to be more eager

ALU: Range today versus range yesterday Recent Trading -> (1) 21 Jun: 8.5% (2) 20 Jun: 30.2% (3) 19 Jun: 61.5%

Bill Williams Market Facilitation /
[Fake Day]: MFI indicator is up, volume is down for Altium

ALU: BWMF Current Signal -> (1) 21 Jun: Fake Day (2) 20 Jun: Squat Day (3) 19 Jun: Green Day

Detrended Price Oscillator /
Price is currently above the displaced moving average for ALU [Bullish]

[BULLISH]: Altium currently has a confirmed uptrend. Price is currently above the displaced moving average for ALU. Currently, the return on DPO20 is 4.5%.

Momentum /
Momentum(5) is increasing for Altium

[BULLISH]: Altium currently has positive momentum of 2.38. This means the current price is greater than the price 5 days ago and therefore gaining momentum. Currently, the return on momentum is 4.5%. The largest upward momentum rally for the last 3 months is 14 days producing a return of 9.2%.

Altium: Daily volume is 755215 [Lower Volume]
Volume /
Altium: Daily volume is 755215 [Lower Volume]

[BEARISH]: Altium current volume downtrend in the first timeframe. Volume for ALU is 755215 (-6.2).

Price for ALU has opened stronger than close of the previous trading session
Opening Price /
Price for ALU has opened stronger than close of the previous trading session

[BULLISH]: Altium opening price has gapped up. Currently, the OPEN is $24.28 (2.9 %).

Stochastic Oscillator /
Stochastic Oscillator for ALU is still above the Overbought limit signalling a bearish movement

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

See More   See more results
Advertisment
Advertisment
back to top