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Altitude Group (ALT)

26.25p

13:24 27/01/21

  • -4.55% -1.25p
  • Today's Low & High
  • 26.00 / 28.00
  • Open / Previous Close
  • 27.50 / 27.50
  • 52-week range
  • -50.00% -26.25p
  • Volume
  • 101,611
  • Market Cap(million)
  • £18.40m

Technical Analysis

Support and resistance levels

S1

0.16
-6.00%

R1

0.18
6.00%

S2

-0.43
-353.00%

R2

0.23
36.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 0.16
  • 0.15
  • Levels of negotiation support resistance
  • 0.17
  • 0.17

Technical situation

Bearish after loss of support in 0.18. Stabilized as it doesn't fall below 0.16.

Recommendation

Short term comment

It should be pointed out that the loss of the short/mid-term previous support located at 0.18 has damaged the long-term structure, turning to bearish for every analysis term; however, some slight exhaustion of the bearish bias is detected in very short terms, although any positive bias would be lost again if it should lose 0.16.

Long term comment

From some months ago, long-term scenario remains bearish. Exhaustion signals that could alert for an upwards trend turn, furthermore, are not yet noticeable.

Indicator Previous Current Signal Comment
RSI 7 34.54 34.54 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 34.00 34.00 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 35.46 35.46 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 39.67 39.67 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 44.46 44.46 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Slow Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Simple Moving Average 7 0.17 0.17 Very short-term trend is indefinite.
Simple Moving Average 21 0.18 0.18
Simple Moving Average 50 0.24 0.23 Bearish mid-term trend.
Simple Moving Average 200 0.36 0.36 Bearish long-term trend.
Exponential Moving Average 7 0.17 0.17 Very short-term trend is indefinite.
Exponential Moving Average 21 0.18 0.18
Exponential Moving Average 50 0.18 0.18
Exponential Moving Average 200 0.18 0.18 Indefinite long-term trend.
MACD Line -0.02 -0.02 Possible price turn.
MACD Signal -0.02 -0.02 Possible price turn.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 0.17 0.17 Very short-term trend is indefinite.
Double Exponential Moving Average 21 0.21 0.21 Bearish mid-term trend.
Double Exponential Moving Average 50 0.21 0.21 Bearish mid-term trend.
Double Exponential Moving Average 200 0.21 0.21
Divergences n/a n/a NO
On Balance Vol. 27,683.99 32,478.58 OBV is bullish
Momentum 7 0.00 0.00 Neutral speed of the very short term move.
Momentum 7 0.01 -0.01 Strong, though not extreme, falling speed in the short term.
% K Williams 100.00 100.00 Oversold, would favour a bullish turn.
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