ALPHA STAR ACQUISITION CORP (ALSA) Stock Technical Analysis
NASDAQ:ALSA - Nasdaq - KYG0230C1087 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to ALSA. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, ALSA is only an average performer.
Warning: ALSA has an average volume of 13579 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When compared to the yearly performance of all other stocks, ALSA outperforms 57% of them, which is more or less in line with the market.
ALSA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALSA is lagging the market.
In the last month ALSA has a been trading in a tight range between 11.74 and 12.36.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, ALSA also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 12.03, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ALSA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
10.61
12.74
We found 4 important support areas.
- A support zone ranging from 11.85 to 12.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.57 from a horizontal line in the daily time frame.
- Support @11.15 from a horizontal line in the weekly time frame.
- Support @10.72 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @12.30 from a horizontal line in the daily time frame.
- A resistance zone ranging from 12.61 to 12.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.52
Mansfield-0.94
10 Day High12.2
10 Day Low11.82
20 Day High12.36
20 Day Low11.74
52 Week High13.34
52 Week Low10.45
Performance
1 Week0.75%
2 Weeks1.34%
1 Month2.38%
3 Month-2.55%
6 Month6.35%
12 Month8.65%
2 Year17.54%
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)0.02
RSI(14)56.56
LBB11.75
UBB12.23
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 |
|---|---|---|---|
| 12.31 | 11.84 | 0.47 (3.82%) | 25.00% |
| An entry @12.31. This is a Buy Stop order right above the resistance zone. | An exit @11.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.47 points, which is 3.82%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%. |
- 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.
NASDAQ:ALSA (12/20/2024, 8:00:00 PM)
12.06
-0.14 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.15%
1 Week0.75%
2 Weeks1.34%
1 Month2.38%
3 Month-2.55%
6 Month6.35%
12 Month8.65%
2 Year17.54%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%0.9%
ATR Inc11.7%
Range Today0.13
ADR(20)0.09
ADR(20)%0.72%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS57.52
Mansfield-0.94
10 Day High12.2
10 Day Low11.82
20 Day High12.36
20 Day Low11.74
52 Week High13.34
52 Week Low10.45
CS1 End12.03
CR1 Start12.3
Volume & EV
DER(3)4%
DER(5)7.05%
Volume7.50K
Volume Incr-81.33%
Vol(5)4.74K
Vol(50)13.58K