ALTO INGREDIENTS INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	ALTO
ISIN:

ALTO INGREDIENTS INC. - Daily - Technical analysis published on 03/10/2022 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 5.50 USD

My targets

5.99 USD (+2.57%)

6.30 USD (+7.88%)

My analysis

The bullish trend is currently very strong on ALTO INGREDIENTS INC.. As long as the price remains above the support at 5.50 USD, you could try to benefit from the boom. The first bullish objective is located at 5.99 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 6.30 USD as an objective. Crossing it would then enable buyers to target 6.87 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by aba0550. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

ALTO INGREDIENTS INC. rating 5.84 USD. On the day, this instrument lost -0.85% and was traded between 5.66 USD and 6.07 USD over the period. The price is currently at +3.18% from its lowest and -3.79% from its highest.

5.66

6.07

5.84

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

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 ALTO INGREDIENTS INC. in Daily shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The analysis of the price chart with Central Patterns scanners does not return any result.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	4.69	5.11	5.50	5.84	5.99	6.30	6.87
Change (%)	-19.69%	-12.50%	-5.82%	-	+2.57%	+7.88%	+17.64%
Change	-1.15	-0.73	-0.34	-	+0.15	+0.46	+1.03
Level	Major	Intermediate	Intermediate	-	Major	Intermediate	Intermediate

Attention could also be paid to pivot points to set price objectives:

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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	54.11
MACD (12,26,9):	0.1500
Directional Movement:	7.09
AROON (14):	28.57
DEMA (21):	5.87
Parabolic SAR (0,02-0,02-0,2):	5.42
Elder Ray (13):	0.11
Super Trend (3,10):	5.05
Zig ZAG (10):	5.85
VORTEX (21):	1.0600
Stochastique (14,3,5):	79.65
TEMA (21):	5.94
Williams %R (14):	-28.32
Chande Momentum Oscillator (20):	0.65
Repulse (5,40,3):	1.2000
ROCnROLL:	1
TRIX (15,9):	0.4000
Courbe Coppock:	11.35

MA7:	5.87
MA20:	5.69
MA50:	5.36
MA100:	5.31
MAexp7:	5.84
MAexp20:	5.67
MAexp50:	5.46
MAexp100:	5.35
Price / MA7:	-0.51%
Price / MA20:	+2.64%
Price / MA50:	+8.96%
Price / MA100:	+9.98%
Price / MAexp7:	-0%
Price / MAexp20:	+3.00%
Price / MAexp50:	+6.96%
Price / MAexp100:	+9.16%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on ALTO INGREDIENTS INC. at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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