We assign a technical rating of 7 out of 10 to ALMET. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month ALMET has a been trading in the 2.70 - 3.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Warning: ALMET has an average volume of 3132 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
ALMET is one of the better performing stocks in the Chemicals industry, it outperforms 88% of 63 stocks in the same industry.
ALMET is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so ALMET slightly outperforms the market at the moment.
When comparing the yearly performance of all stocks, we notice that ALMET is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.