ALSEA SA Forecast and Stock Analysis
Technical ALSSF stock analysis for Friday May 24, 2019.
ALSEA SA fell by -1.88% in the last day ( Friday, 24th May 2019 ) from $2.13 to $2.09 and has now fallen 5 days in a row. During day the stock fluctuated 1.91% from a day low at $2.09 to a day high of $2.13. The price has fallen in 8 of the last 10 days and is down by -6.78% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1 540 shares and in total 6 356 shares bought and sold for approximately $13 284.00.
- 30 day high of the ALSSF stock price was $2.32 and low was $2.09.
- 90 day high was $2.75 and low was $2.08.
- 52 week high for the ALSEA SA - $3.81 and low - $2.08.
ALSEA SA lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.74% during the next 3 months and, with 90% probability hold a price between $1.75 and $2.09 at the end of this period.
There are few to none technical positive signals at the moment. ALSEA SA holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $2.16 and $2.27. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Monday May 20, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Relative Strength Index (RSI)
RSI14 is 36 and the stock is currently not being overbought or oversold
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
1.90 %Average volatility
Very Low Low Medium High Very High
ALSEA SA holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.
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