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Altitude Group (ALT)

51.00p

15:59 28/01/20

  • -2.86% -1.50p
  • Today's Low & High
  • 51.00 / 52.50
  • Open / Previous Close
  • 52.50 / 51.00
  • 52-week range
  • -33.77% -26.00p
  • Volume
  • 53,135
  • Market Cap(million)
  • £35.34m

Technical Analysis

Support and resistance levels

S1

0.48
-8.00%

R1

0.55
5.00%

S2

0.44
-15.00%

R2

1.17
125.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 0.51
  • 0.50
  • Levels of negotiation support resistance
  • 0.52
  • 0.52

Technical situation

Bullish bias is lost / Bearish if it should lose support at 0.44.

Recommendation

Short term comment

Losses from the last relative highs set at 1.17 makes the long-term bullish scenario to be recently discarded. Very short-term falls restrainment gives a positive signal, that would only be eliminated not only by the loss of last relative lows at 0.48, but as well the support in 0.44.

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 65.27 54.01 The RSI 7 doesn't show any sign of overbuy/oversell.
RSI 14 56.96 52.77 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 53.37 51.00 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 46.76 46.14 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 47.21 47.09 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 0.52 0.52 Very short-term trend is indefinite.
Simple Moving Average 21 0.51 0.51 Short/Mid-term trend is indefinite.
Simple Moving Average 50 0.52 0.52 Indefinite mid-term trend.
Simple Moving Average 200 0.77 0.77 Bearish long-term trend.
Exponential Moving Average 7 0.52 0.52 Very short-term trend is indefinite.
Exponential Moving Average 21 0.51 0.51 Short/Mid-term trend is indefinite.
Exponential Moving Average 50 0.51 0.51 Indefinite mid-term trend.
Exponential Moving Average 200 0.51 0.51 Indefinite long-term trend.
MACD Line 0.00 0.00 Possible price turn.
MACD Signal 0.00 0.00 Possible price turn.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 0.51 0.51 Very short-term trend is bullish.
Double Exponential Moving Average 21 0.51 0.51 Short/Mid-term trend is indefinite.
Double Exponential Moving Average 50 0.51 0.51 Indefinite mid-term trend.
Double Exponential Moving Average 200 0.51 0.51 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. 24,718.32 24,980.07 OBV is bullish
Momentum 7 0.01 0.01 High rising speed, though not extreme, in very short terms.
Momentum 7 0.04 0.01 Neutral speed of the short term move.
% K Williams 33.33 50.00 Neutral, doesn't favour a price turn.
Priority Date Notification
01/01/2020 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
31/12/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
30/12/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
27/12/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
26/12/2019 Bearish signal from fast stochastic. Previous close's weakness points the risk of falls after a recent positive move.
25/12/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
24/12/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
23/12/2019 Slight weakness pointed by fast stochastics. Likely subsequent short-term drops.
17/12/2019 RSI7 points some overbuying, therefore bearish pressure is likely to increase in short terms.
09/12/2019 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
06/12/2019 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.