Taking everything into account, ALAB scores 8 out of 10 in our technical rating. In the last year, ALAB was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that ALAB is one of the better performing stocks in the market, outperforming 80% of all stocks.
- In the last month ALAB has a been trading in the 140.10 - 185.18 range, which is quite wide. It is currently trading near the high of this range.
- ALAB has an average volume of 5662700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ALAB is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 50% of 113 stocks in the same industry.
- ALAB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so ALAB is lagging the market.
Besides having an excellent technical rating, ALAB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 179.57. Right above this resistance zone may be a good entry point.
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137.90
When analyzing the support we can see 6 important areas.
- A support zone ranging from 166.45 to 169.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 160.15 to 163.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @156.72 from a horizontal line in the daily time frame.
- Support @150.00 from a trend line in the daily time frame.
- Support @142.94 from a horizontal line in the daily time frame.
- Support @139.29 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 179.57 to 180.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 ALAB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALAB is up. |
| ChartMill Relative Strength | 80.7 | POSITIVE | ALAB has a high relative strength, it outperformed 80.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ALAB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ALAB is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of ALAB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.68 | NEUTRAL | The RSI value for ALAB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.86 | POSITIVE | The MACD value suggests ALAB has a positive trend. |
| Stochastics (14,3) | 72.23 | NEUTRAL | The Stochastics value for ALAB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.91 | HIGH VOLATILITY | The high ATR as a percentage value for ALAB suggests high volalility. |
| Average Directional Index/ADX (14) | 14.31 | NEGATIVE | The low ADX value for ALAB suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 180.58 | 166.44 | 14.14 (7.83%) | 12.77% |
| An entry @180.58. This is a Buy Stop order right above the resistance zone. | An exit @166.44. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 14.14 points, which is 7.83%. | For a 1.00% total portfolio risk, you can invest 12.77% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of ALAB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
174.45
+2.31 (+1.34%)
ASTERA LABS INC / ALAB FAQ
Can you provide the ChartMill technical rating for ASTERA LABS INC?
ChartMill assigns a technical rating of 8 / 10 to ALAB.
Can you provide the trend direction for ASTERA LABS INC?
The current trend direction for ASTERA LABS INC (ALAB) is Bullish.
What is the RSI signal for ASTERA LABS INC (ALAB) stock?
ASTERA LABS INC (ALAB) has an RSI value of 54.6821. This indicates that the stock is currently neutral.
What is the short term momentum for ALAB stock?
The short term momentum for ASTERA LABS INC (ALAB) is positive.
What is the buy/sell signal for ASTERA LABS INC (ALAB) stock?
The buy/sell signal for ASTERA LABS INC (ALAB) is buy as both the short term and long term trends are positive.