ASTERA LABS INC (ALAB) Technical Analysis
NASDAQ:ALAB • US04626A1034
Current stock price
ALAB Technical Rating and Analysis
Taking everything into account, ALAB scores 9 out of 10 in our technical rating. ALAB has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- Looking at the yearly performance, ALAB did better than 94% of all other stocks. On top of that, ALAB also shows a nice and consistent pattern of rising prices.
- In the last month ALAB has a been trading in the 97.89 - 171.92 range, which is quite wide. It is currently trading near the high of this range.
- ALAB has an average volume of 5421230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- ALAB is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, ALAB did better than 66% of them.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ALAB Weekly and Daily overview Charts
ALAB Setup Rating and Analysis
Although ALAB has an excellent technical rating, it does not offer a high 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.
More info and screens
ALAB Support and Resistance Analysis
114.81
When analyzing the support we notice one important area.
- Support @115.97 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @187.68 from a horizontal line in the daily time frame.
- Resistance @191.56 from a horizontal line in the daily time frame.
ALAB 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 | NEUTRAL | NEUTRAL | The long term trend for ALAB is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ALAB is up. |
| ChartMill Relative Strength | 94.99 | POSITIVE | ALAB has a high relative strength, it outperformed 94.99% 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) | UP | POSITIVE | The current price of ALAB is above the rising 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) | 73.32 | OVERBOUGHT | The high RSI value suggests ALAB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 7.04 | POSITIVE | The MACD value suggests ALAB has a positive trend. |
| Stochastics (14,3) | 97.67 | OVERBOUGHT | The high Stochastics value suggests ALAB may be overbought. |
| Average True Range in percent/ATR (20) | 5.78 | HIGH VOLATILITY | The high ATR as a percentage value for ALAB suggests high volalility. |
| Average Directional Index/ADX (14) | 21.18 | NEUTRAL | The ADX value for ALAB suggests a possible start of a new trend. |
ALAB Chart- and CandleStick Pattern Analysis
ALAB Technicals: Chart, Performance Metrics, Trend & Indicators
170.6
+3.81 (+2.28%)
ASTERA LABS INC / ALAB TA FAQ
Can you provide the ChartMill technical rating for ASTERA LABS INC?
ChartMill assigns a technical rating of 9 / 10 to ALAB.
What is the current trend direction of ASTERA LABS INC (ALAB) stock?
The current trend direction for ASTERA LABS INC (ALAB) is Bearish.
Can you provide the RSI signal for ASTERA LABS INC?
ASTERA LABS INC (ALAB) has an RSI value of 73.3184. This indicates that the stock is currently overbought.
Can you provide the short term momentum for ASTERA LABS INC?
The short term momentum for ASTERA LABS INC (ALAB) is positive.
Can you provide the support and resistance levels for ASTERA LABS INC?
ASTERA LABS INC (ALAB) has a support level at 115.97 and a resistance level at 187.68. Check the full technical report for our detailed analysis of ALAB support and resistance levels.