Buy, Sell, Or Hold? Alternet Systems, Inc. (OTCMKTS:ALYI)

Alternet Systems, Inc. (OTCMKTS:ALYI) is trading sideways since the morning session on Thursday. Will it hold or go down like Wednesday?

Market Action

As of 1:00, ALYI stock at $0.0397 gained 4.34% to $0.0017. The stock has a total volume of almost 9 million shares. The stock has moved in a range of $0.0380 – 0.0408 after opening at $0.04.

ALYI Business Description

Alternet Systems, Inc. engages in the development and commercialization of lithium technologies. It offers lithium battery-powered motorcycles and motorbikes. The company was founded on June 26, 2000, and is headquartered in Dallas, TX.

ALYI Latest Developments

Last week, ALYI revealed it is to deliver an order of 2,000 electric motorcycles in the Kenyan “boda” market. The first phase of delivery is due in July.The electric motorcycles will be used in the motorcycle taxi market, which is estimated to be about $4 billion.

Apart from this, Alternet Systems also plans to roll out “self-drive rental program” in Kenyan motorcycle market. These motorbikes would be unlocked through mobile apps, used and parked back.

Trader Notes

Share Information

SHARE FLOAT (%) 100.51 M (86.11%)

Recent Stock Performance

5-DAY PERF. -5.22%
1-MONTH PERF. -8.63%
3-MONTH PERF. -68.69%
6-MONTH PERF. +262.86%
YTD PERF. +256.07%
1-YEAR PERF. +1260.71%

Moving Averages

+/- EMA(20) 0.0472 (-19.28%)
+/- SMA(50) 0.0623 (-38.84%)
+/- SMA(200) 0.0372 (+2.42%)

Pivot Points

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 0.0320 0.0340 0.0360 0.0380 0.0400 0.0420 0.0440
Fibonacci 0.0340 0.0355 0.0365 0.0380 0.0395 0.0405 0.0420

Technical Indicators

Symbol Value Result Symbol Value Result
ADX 28.3539 Sell ATR14 0.0094
CCI20 -104.2364 Sell Chaikin Money Flow -0.1371 Sell
MACD -0.0068 Sell Money Flow Index 10.6060 OverSold
ROC -32.1429 Sell RSI 37.3839 Sell
STOCH (14,3) 6.9930 OverSold STOCH RSI 0.0000 OverSold
UO 42.9618 Buy Williams %R -93.0070 OverSold

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