ALTO INGREDIENTS INC. - 15 min. - Technical analysis published on 03/10/2022 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : NEUTRAL
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
56%
6%
39%
My opinion
Neutral between 5.64 USD and 5.86 USD
My targets
-
My analysis
The short-term increase on ALTO INGREDIENTS INC. remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 5.86 USD. The first support is located at 5.64 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
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Additional analysis
Quotes
The ALTO INGREDIENTS INC. price is 5.84 USD. The price is lower by -0.85% since the last closing and was between 5.66 USD and 6.07 USD. This implies that the price is at +3.18% from its lowest and at -3.79% from its highest.5.66
6.07
5.84
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 15 min. chart of ALTO INGREDIENTS INC. indicates that the overall trend is slightly bearish. 50.00% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages could cause a reversal of the trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase are moderate given the direction of the technical indicators.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : 15 minutes
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 15 minutes
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 5.11 | 5.50 | 5.75 | 5.84 | 5.99 | 6.30 | 6.87 |
| Change (%) | -12.50% | -5.82% | -1.54% | - | +2.57% | +7.88% | +17.64% |
| Change | -0.73 | -0.34 | -0.09 | - | +0.15 | +0.46 | +1.03 |
| Level | Intermediate | Intermediate | Minor | - | Major | Intermediate | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 5.23 | 5.45 | 5.64 | 5.86 | 6.05 | 6.27 | 6.46 |
| Camarilla | 5.73 | 5.77 | 5.80 | 5.84 | 5.88 | 5.92 | 5.95 |
| Woodie | 5.23 | 5.44 | 5.64 | 5.85 | 6.05 | 6.26 | 6.46 |
| Fibonacci | 5.45 | 5.60 | 5.70 | 5.86 | 6.01 | 6.11 | 6.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.85 | 5.21 | 5.45 | 5.81 | 6.05 | 6.41 | 6.65 |
| Camarilla | 5.54 | 5.59 | 5.65 | 5.70 | 5.76 | 5.81 | 5.87 |
| Woodie | 4.80 | 5.18 | 5.40 | 5.78 | 6.00 | 6.38 | 6.60 |
| Fibonacci | 5.21 | 5.44 | 5.58 | 5.81 | 6.04 | 6.18 | 6.41 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 4.19 | 4.58 | 5.20 | 5.59 | 6.21 | 6.60 | 7.22 |
| Camarilla | 5.55 | 5.65 | 5.74 | 5.83 | 5.92 | 6.02 | 6.11 |
| Woodie | 4.32 | 4.64 | 5.33 | 5.65 | 6.34 | 6.66 | 7.35 |
| Fibonacci | 4.58 | 4.96 | 5.20 | 5.59 | 5.97 | 6.21 | 6.60 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.97 | |
| MACD (12,26,9): | 0.0000 | |
| Directional Movement: | 4.93 | |
| AROON (14): | 57.15 | |
| DEMA (21): | 5.79 | |
| Parabolic SAR (0,02-0,02-0,2): | 5.67 | |
| Elder Ray (13): | 0.01 | |
| Super Trend (3,10): | 5.67 | |
| Zig ZAG (10): | 5.86 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 77.78 | |
| TEMA (21): | 5.80 | |
| Williams %R (14): | -25.00 | |
| Chande Momentum Oscillator (20): | 0.13 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.74 |
| MA7: | 5.87 | |
| MA20: | 5.69 | |
| MA50: | 5.36 | |
| MA100: | 5.31 | |
| MAexp7: | 5.81 | |
| MAexp20: | 5.78 | |
| MAexp50: | 5.78 | |
| MAexp100: | 5.78 | |
| Price / MA7: | -0.51% | |
| Price / MA20: | +2.64% | |
| Price / MA50: | +8.96% | |
| Price / MA100: | +9.98% | |
| Price / MAexp7: | +0.52% | |
| Price / MAexp20: | +1.04% | |
| Price / MAexp50: | +1.04% | |
| Price / MAexp100: | +1.04% |
Quotes :
-
15 min delayed data
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News
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