AlphaClone Alternative Alpha ETF (ALFA) Stock Technical Analysis
NYSEARCA:ALFA - NYSE Arca - US26922A3059 - ETF - Currency: USD
Taking everything into account, ALFA scores 4 out of 10 in our technical rating. In the past year, ALFA was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, ALFA is a bad performer in the overall market: 68% of all stocks are doing better.
ALFA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: ALFA has an average volume of 5892 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
ALFA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Although the technical rating is only medium, ALFA does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 62.03, a Stop Loss order could be placed below this zone.
More info and screens
50.74
87.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 61.99 to 62.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.25 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 62.35 to 64.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 65.27 to 65.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @70.46 from a horizontal line in the daily time frame.
- Resistance @87.03 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.95
Mansfield-0.33
10 Day High64.06
10 Day Low61.84
20 Day High65.46
20 Day Low60.85
52 Week High89.79
52 Week Low50.98
Performance
1 Week0.18%
2 Weeks-4.7%
1 Month3.4%
3 Month1.61%
6 Month-3.27%
12 Month-30.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.43
RSI(14)55.62
LBB60.49
UBB65.63
AlphaClone Alternative Alpha ETF
NYSEARCA:ALFA (8/30/2022, 8:04:00 PM)
62.1
+0.05 (+0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.08%
1 Week0.18%
2 Weeks-4.7%
1 Month3.4%
3 Month1.61%
6 Month-3.27%
12 Month-30.52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.68
ATR(20)%1.41%
ATR Inc-91.28%
Range Today0.15
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.95
Mansfield-0.33
10 Day High64.06
10 Day Low61.84
20 Day High65.46
20 Day Low60.85
52 Week High89.79
52 Week Low50.98
CS1 End62.03
CR1 Start62.35
Volume & EV
DER(3)0%
DER(5)0%
Volume2.80K
Volume Incr-89.09%
Vol(5)1.10K
Vol(50)5.89K