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Stock Trend Analysis Report
Prepared for you on Wednesday, May 8, 2024.
Alternus Clean Energy, Inc. - Class A (NASDAQ:ALCE)
Long-Term Downtrend (-90) - ALCE is in a strong downtrend that is likely to continue. While ALCE is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid ALCE?
MarketClub looks at technical strength and momentum to determine if the timing is right for ALCE.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for ALCE
The long-term trend has been DOWN since Dec 28th, 2023 at 1.680
The intermediate-term trend has been DOWN since Apr 16th, 2024 at 0.380
The short-term trend has been DOWN since May 1st, 2024 at 0.339
Smart Scan Analysis for ALCE
Based on our trend formula, ALCE is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.3240 | 0.3520 | 0.3201 | 0.3435 | +0.0228 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.3207 | 22541 | 2024-05-08 15:44:05 |
| 52wk High | 11.126 | 52wk High Date | 2023-06-14 |
| 52wk Low | 0.29 | 52wk Low Date | 2024-02-22 |
| Average Volume | 315,622 | Shares Outstanding | 9,038 |