ALMONTY INDUSTRIES INC (AII.CA) Stock Technical Analysis
TSX:AII - Toronto Stock Exchange - CA0203981034 - Common Stock - Currency: CAD
We assign a technical rating of 10 out of 10 to AII. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AII is showing a nice and steady performance.
Besides having an excellent technical rating, AII also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.91. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.81, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.98
2 important support areas can be observed.
- A support zone ranging from 1.80 to 1.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.99 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 1.91 to 1.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.92 | 1.79 | 0.13 (6.77%) | 14.77% |
| An entry @1.92. This is a Buy Stop order right above the resistance zone. | An exit @1.79. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.13 points, which is 6.77%. | For a 1.00% total portfolio risk, you can invest 14.77% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of AII. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:AII (3/7/2025, 7:00:00 PM)
1.85
-0.06 (-3.14%)