Trading: SELL @ $22.02
Signal Strength: MEDIUM
Altium (ASX:ALU) currently has negative Volume MACD of -7716. This means the signal line is less than the Volume MACD line signalling a bearish movement.
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to detect the speed of movement & give an early signal for a potential movement. By understanding the rate at which the price is moving in respect to the stocks historical trades, enables positions to be set in place based on changes in the speed of movement
Volume Moving Average Convergence/Divergence (VMACD) is an indicator that shows the relationship between two moving averages. It is calculated as a difference between the fast and slow moving averages. The historically popular is the difference between a securities 26-day and 12-day Exponential Moving Averages (EMA).
Calculation: Moving Average Convergence Divergence Volume (VMACD):
1) VMACD Line: (12-day EMA - 26-day EMA);
2) Signal Line: 9-day EMA of VMACD Line;
3) VMACD Histogram: VMACD Line - Signal Line;
PROFILE: Altium (ALU.AX)
Stock Exchange: ASX
Ticker Codes: | ALU.AX | ASX:ALU |
Altium Limited develops and sells computer software for the design of electronic products in the United States and internationally. It operates through three segments: Board and Systems, Micro-¡controllers and Embedded Systems, and Makers and Content. The company offers various printed circuit board (PCB) products, including Altium Designer, which consists various tools required to produce a PCB from concept to manufacturing; CircuitStudio, a professional PCB design tool; and CircuitMaker, a streamlined PCB design tool custom built for makers, hobbyists, and DIYers community, as well as embedded products, such as TASKING tools for embedded software development. It also provides data management products comprising Altium Vault, a design data management tool; Ciiva, which transforms intent into realizable design; and Octopart that provides access to supply chain and component data, as well as product extension applications. In addition, it offers integration services, such as AgileXPLORER to search and navigate the product data in Oracle/Agile?PLM; and EDAConnect, which is a direct link between Altium Environment and Enterprise PLM, as well as training services. The company serves automotive, military/aerospace, communications, contract engineering, education, consumer electronics, industrial systems, entertainment, and bioscience and medical industries. Altium Limited was founded in 1985 and is headquartered in La Jolla, California.
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