2U3 Technical Analysis - ALCON INC

Technical Rating and Analysis

Taking everything into account, 2U3 scores 1 out of 10 in our technical rating. 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 part of the Health Care Equipment & Supplies industry. There are 59 other stocks in this industry, of which 82% are performing better than 2U3.

In the last month 2U3 has a been trading in the 72.42 - 79.22 range, which is quite wide. It is currently trading near the lows of this range.

Warning: 2U3 has an average volume of 1407 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.

Considerably lower volume is observed 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. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

72.26

80.01

When analyzing the support we notice one important area.

A support zone ranging from 72.99 to 72.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

Resistance @73.36 from a horizontal line in the daily time frame.
A resistance zone ranging from 75.39 to 75.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 78.06 to 79.22. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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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	NEGATIVE	The current price of 2U3.DE is below 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)	36.04	NEUTRAL	The RSI value for 2U3.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.72	NEGATIVE	The MACD value suggests 2U3.DE has a negative trend.
Stochastics (14,3)	8.53	OVERSOLD	The low Stochastics value suggests 2U3.DE may be oversold.
Average True Range in percent/ATR (20)	1.62	LOW VOLATILITY	The low ATR as a percentage value for 2U3.DE suggests low volalility.
Average Directional Index/ADX (14)	20.79	NEUTRAL	The ADX value for 2U3.DE suggests a possible start of a new trend.