2U3 Technical Analysis - ALCON INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to 2U3. 2U3 performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

100% of all other stocks performed better in the past year than 2U3.

2U3 is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 84% of 60 stocks in the same industry do better.

Warning: 2U3 has an average volume of 1188 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

In the last month 2U3 has a been trading in the 62.88 - 68.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of 2U3 is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

62.45

67.11

When analyzing the support we notice one important area.

A support zone ranging from 63.08 to 64.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 65.49 to 66.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 2U3.DE is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for 2U3.DE is down.
ChartMill Relative Strength	0	NEGATIVE	2U3.DE has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of 2U3.DE is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of 2U3.DE is below a declining SMA(50).
Relative Strength Index/RSI (14)	45.47	NEUTRAL	The RSI value for 2U3.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests 2U3.DE has a positive trend.
Stochastics (14,3)	38.68	NEUTRAL	The Stochastics value for 2U3.DE is a neutral value.
Average True Range in percent/ATR (20)	1.47	LOW VOLATILITY	The low ATR as a percentage value for 2U3.DE suggests low volalility.
Average Directional Index/ADX (14)	46.36	POSITIVE	The high ADX value value for 2U3.DE suggests a strong trend.